Confirmed: Intuit acquiring Mint for $170M
Mint, the popular personal finance website, has been acquired by Intuit, the maker of finance software Quicken and its web version Quicken Online, for $170 million. Chief executive Aaron Patzer just confirmed the news at the TechCrunch50 conference.
Patzer launched Mint at the inaugural TechCrunch40 conference two years ago. Rumors of the acquisition were first reported last night.
A month ago, in August, Mint announced $14 million in funding, bringing its total to $31 million.The round was led byDAG Ventures, with new financing from Founders Fund and a top-up from existing investors Benchmark Capital, Shasta Ventures, First Round Capital and Sherpalo.
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About the Author, Anthony Ha
Anthony is VentureBeat's assistant editor, as well as its reporter on enterprise technology, cloud computing, and tech policy. Before joining VentureBeat in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. You can also follow Anthony on Twitter.