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

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