Core Innovation Capital Backs Honest Dollar

Los Angeles-based venture capital investor Core Innovation Capital is backing a new finance startup, Honest Dollar, which is looking to help small and medium sized businesses start and run retirement plans for their company. Honest Dollar--which is based in Austin, Texas--said it raised $3M in a seed financing round today, which came from Expansive Ventures, Formation 8 and Core Innovation Capital. The startup says it will charge only $10 per employee per month to set up retirement plans for SMBs. Core Innovation Capital has been ramping up its startup investments over the last few years, after its move to Los Angeles. More information »