DLA Piper-advised Earned Wealth announced on Thursday that it received a $200 million growth investment from equity investors while simultaneously unveiling its acquisition of fellow medical professional-focused financial services firm Thomas Doll.
Earned Wealth $200M Funding : Major Investment Boost
The Earned Wealth $200M funding was led by Summit Partners and Silversmith Capital Partners, both advised by Ropes & Gray LLP, and included participation from existing investors Juxtapose, Hudson Structured Capital Management, and Breyer Capital. Earned Wealth is a technology-enabled financial services firm focusing solely on the needs of medical professionals.
Strategic Acquisition
In connection with the Earned Wealth $200M funding, the company announced the acquisition of Thomas Doll to accelerate growth and expand its financial services and offerings.
“Today’s announcement represents a critical step on our journey to further transform financial outcomes for these heroes of our society. With the addition of Thomas Doll, we broaden our capabilities and expand into serving medical practices, a key lever of income and wealth for many of our clients,” said Earned Wealth founder and CEO John Clendening. “With the support of Summit and Silversmith, we are positioned to accelerate our mergers and acquisitions strategy, drive growth, further invest in our technology and team, and solidify Earned’s industry leadership position.”
Earned Wealth $200M Funding : Enhanced Service Capabilities
Thomas Doll has rebranded as Thomas Doll, An Earned Wealth Company, according to the statement.
