Brightside Launches with $4 Million Seed Led by Comcast Ventures
At the HLTH Conference in Las Vegas, employee financial health platform Brightside announced its launch with $4 million in seed funding from Comcast Ventures and Trinity Ventures, as well as the appointment of its chief operating officer, Tom Spann (founding CEO and co-founder of Accolade), and its charter customer, Comcast Corporation.
Brightside’s mobile app and financial assistants support employees’ unique financial situations using proprietary financial methodology, behavioral science, and access to financial product options curated to save them money. For example, Brightside helped one employee save $3,000 in credit card interest payments, reducing her goal of being debt-free by two years, and improving her credit score in the process.
The Brightside founding team includes executives Callum King from Comcast Ventures, Christine Tozzi from Willis Towers Watson, Jacky Chiu from LifeLock, and Petrina Thompson, from American Express. Brightside’s board of directors includes Michael Yang, managing director of Comcast Ventures, and Schwark Satyavolu, general partner of Trinity Ventures.