Earned Wealth $200M for Expansion and Acquisitions

Earned Wealth, a DLA Piper advisory firm, announced Thursday that it has received $200 million in funding from venture capitalists while also announcing the acquisition of another financial services firm for healthcare professionals, Thomas Doll.

Earned Wealth $200M in Funding: Big Investment Boost

Earned Wealth’s $200 million funding was led by Summit Partners and Silversmith Capital Partners, with Ropes & Gray LLP advising both firms, and included participation from existing investors Juxtapose, Hudson Structured Capital Management and Breyer Capital. Earned Wealth is a technology-based financial services firm focused exclusively on the needs of healthcare professionals.

Strategic acquisition

In conjunction with Earned Wealth’s $200 million funding, the company announced the acquisition of Thomas Doll to accelerate growth and expand its financial services and offerings.

“Today’s announcement is a key step in our journey to continue to transform financial outcomes for these community heroes. With the addition of Thomas Doll, we are expanding our capabilities and business into serving medical practices, a key revenue and wealth lever for many of our clients,” said Earned Wealth Founder and CEO John Clendening. “With Summit and Silversmith’s support, we are positioned to accelerate our M&A strategy, drive growth, continue to invest in our technology and team, and strengthen Earned’s industry leadership position.”

Earned Wealth $200M in Funding: Enhanced Service Delivery Capabilities

According to a statement, Thomas Doll has changed its name to Thomas Doll, An Earned Wealth Company.