Where is Backer located?

Backer is headquartered in San Francisco, United States. It is registered at Plano, Texas.

How many employees does Backer have?

As of Aug 31, 2026, the latest employee count at Backer is 29.

Is Backer a funded company?

Backer is a funded company, having raised a total of $18M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round.

When was the latest funding round of Backer?

Backer's latest funding was a $***** Series A round on Dec 19, 2023, with participation from 1 investor. Its primary sector is Investment Tech. In United States, the Investment Tech sector has seen $4.97B in funding in 2026 to date.

Where does Backer rank among its competitors?

Backer ranks 1st amongst 18 active competitors, of which 2 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was SavvyFi, which secured $35K in Feb, 2024.

Who are the top competitors of Backer?

Backer's top competitors include SavvyFi, Pelican and The Florida Prepaid College. Among them, SavvyFi secured the most recent funding round in February, 2024.

Backer - 2026 Company Profile, Team, Funding & Competitors

Backer is a series A company based in San Francisco (United States), founded in 2015 by Abby Chao. It operates as an Online platform for college savings fund. Backer has raised $18M in funding from investors like 500 Global, Crosslink Capital and WndrCo. The company has 18 active competitors, including 2 that are funded. Its top competitors include companies like SavvyFi, Pelican and The Florida Prepaid College.

Company Details

Online platform for college savings fund. It helps you open a 529 savings plan. It provides personalized advice to maximize savings and plan for the future education of your children. Users can start by investing and can also invite friends and family to contribute to the plan and also earn cashback for their child’s college fund by shopping at name-brand partners.

Website: backer.com
Social
Email ID: *****@backer.com
Registered Address: Plano, Texas

Key Metrics

Founded Year

2015

Location

San Francisco, United States

Stage

Series A

Total Funding

$18M in 4 rounds

Latest Funding Round

Series A, Dec 19, 2023, $*****

Investors

500 Global & 12 more

Ranked

1^st among 18 active competitors

Employee Count

29 as on Aug 31, 2026

Investment & Acquisitions

Saving for College

Similar Companies

Embark & 67 more

View Backer's full profile

Backer is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
BACKER INC. CIN: 843206395 , United States, Active	Dec 31, 1999	-	1 (As on Dec 31, 2024)	-

Backer has raised a total funding of $18M over 4 rounds. Its latest funding round was a Series A round on Dec 19, 2023 for $*****. 1 investor participated in its latest round. Backer has 10 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of Backer:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 19, 2023	5158543	Series A	6716077	6549401	5214158	2823937
Apr 28, 2021	7952707	Series A	2912037	5499943	1155670	Rally Ventures & 7 more
Jul 31, 2015	6311652	Seed	5443099	5607809	500 Global	5806158

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View details of Backer's funding rounds and investors

The founders of Backer is Abby Chao.

Here are the details of Backer's key team members:

Abby Chao: Co-Founder & COO of Backer.

View details of Backer's Founder profiles and Board Members

Backer's employee count trend

Backer has 29 employees as of Aug 26. Here is Backer's employee count trend over the years:

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Top competitors of Backer include SavvyFi, Pelican and The Florida Prepaid College. Here is the list of Top 10 competitors of Backer, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Backer 2015, San Francisco (United States), Series A	Online platform for college savings fund	$18M	WndrCo, Expansion Venture Capital & 11 others	59/100
2nd	SavvyFi 2017, Franklin (United States), Series A	Goal-based savings plan for child's education	$5.72M	Aligned Partners Venture Services, Sparq Capital	37/100
3rd	Pelican 2022, New York City (United States), Funding Raised	Online platform to invite friends and families to contribute on goal based education savings fund for individuals	-	Village Capital, Neo	35/100
4th	The Florida Prepaid College 1987, Tallahassee (United States), Unfunded	Savings platform focused on college education	-	-	35/100
5th	EduFi 2020, San Francisco (United States), Unfunded	Educational savings and expense management platform for individuals	-	-	31/100
6th	my529 1996, Salt Lake City (United States), Unfunded	Educational savings platform for individuals	-	-	28/100
7th	The Education Plan 2000, Kansas City (United States), Unfunded	Provider of a savings platform for education	-	-	26/100
8th	Future Path 529 2023, Boston (United States), Unfunded	Savings platform focused on childrens education	-	-	24/100
9th	My Dobot 2015, San Francisco (United States), Acqui-Hired	Direct micro-savings app	-	-	24/100
10th	Quatromoney 2019, Springfield (United States), Acqui-Hired	Savings platform for payment for education of children	-	INV Fintech, MassChallenge & 1 others	23/100