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Aboon
AI-powered digital TPA platform for 401(k) plans
About Aboon
Aboon is a financial technology company that operates a digital third-party administration (TPA) platform for 401(k) plans. Founded in 2023 by CEO Nick Gavronsky and Amy Ouellette, the New York-based firm aims to simplify how financial advisors design, launch, and manage retirement plans for business owners. Gavronsky, a serial entrepreneur, co-founded Trade Coffee and Welcome and has a background in leading data and AI product teams. The founders created Aboon after observing the difficulties and manual processes that prevented advisors from efficiently offering retirement plans, particularly for small- to medium-sized businesses.
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The company's platform utilizes AI-powered automation, intuitive digital workflows, and real-time human expertise to streamline plan administration. Key features include instant plan design, automated onboarding, comprehensive quotes, and year-round compliance management. This technology enables financial advisors to generate proposals in minutes and establish new plans in a few days, a significant reduction from the weeks or months required by traditional methods. Aboon's business model is centered on empowering the existing network of financial advisors who serve business owners, acting as a modern operating system for them to bring retirement solutions to market.
In October 2025, Aboon announced it had secured $17.5 million in seed funding in a round led by Bain Capital Ventures, with participation from other investors including Altai Ventures, Runyon, and Edward Jones Ventures. This capital is intended to enhance the platform's automation capabilities, expand its product offerings, and deepen integrations with advisory firms. Aboon has established partnerships with major advisory firms like Edward Jones and integrates with leading recordkeepers such as Capital Group, Empower, and Manulife John Hancock.
Latest news
Press, funding announcements and product moves mentioning Aboon.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SEED✓Equity / VC | Oct 2025 | $18M | $70M | Altai Ventures · Runyon · Outpost Ventures · EJF Capital | ↗ |
Growth signals
Latest recorded traffic for Aboon is 22K monthly website visits, up 1471.4% over the last three months. Aboon's team grew 33.3% over the past year.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed6 investors entered at this stage
Bain Capital Ventures
Altai Ventures
Runyon
Outpost Ventures
EJF Capital
Edward Jones Ventures
Other known investors1 additional known investor
EJF Ventures
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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