General Atlantic Leads Round for Retirement Plan Firm Guideline

Guideline Inc., a provider of 401(k) plans for small and midsize businesses, has raised $200 million in a financing round led by General Atlantic.

The investment values the startup at $1.15 billion, according to a person familiar with the matter who asked not to be identified because it was private. Guideline was valued at $425 million after an $80 million funding round in July, according to data provider PitchBook.

Generation Investment Management, Greyhound Capital, Felicis Ventures and Propel Ventures, as well as other existing investors, participated in the round, which brings the total raised by ...