Acorns (Series E)
Funding Details
- Awarder
- Inbox
- Date Award
- January 29, 2019
- Vertical
- Fintech
- Funding URL
- View Funding Page
- Valuation
- $860,000,000
- Funding Amount:
- $105,000,000
Company Info
- Founding Year
- 2012
- Traction
- Acorns has rapidly grown to become the largest investment app, providing a simple entry-point for anyone to get started with investing.
- Founders
- Jeff Cruttenden, Walter Cruttenden
- Company Description
- Acorns is the largest and fastest growing investment app that allows people to round up their daily purchases and automatically invest the change into a commission-free diversified portfolio of index funds offered by the world's top asset managers. The app and financial engine were built with natural human behavior in mind to help inspire realistic investment strategies that can be held for the long term.
- Market
- Investment and savings
- Location
- Newport Beach, California, USA
- Coinvestors
- Bain Capital Ventures, BlackRock, Comcast Ventures, DFO Management, DST Global, NBCUniversal, The Rise Fund