Overview

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Total Equity Funding
$61.96M in 5 Rounds from 11 Investors
Most Recent Funding
$30M Series D on April 21, 2016
Headquarters:
Newport Beach, California
Description:
Acorns is a finance company that allows individuals to round up purchases and automatically invest the change.
Founders:
, , ,
Categories:
Finance, Apps, FinTech, Mobile
Website:
http://www.acorns.com
Social:

Company Details

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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. Founded in Newport Beach, CA in February 2012, by son and father team Jeff and Walter Cruttenden.

Acorns takes the guess work out of investing and provides a simple entry-point for anyone to get started using the Acorns app on iPhone or Android. 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.

Customers accumulate fractional shares and automatically invest and save into a portfolio constructed by world-renowned Nobel Laureate economist Dr. Harry Markowitz. Acorns' smart portfolio algorithms automatically work behind the scenes, helping people build wealth, pennies at a time. From Acorns mighty oaks do grow!

To invest with Acorns, visit iTunes, Google Play, or Acorns.

Acorns Grow Inc. (d/b/a/Acorns) is the parent of Acorns Securities LLC, a member of FINRA and SIPC, and Acorns Advisers LLC, an SEC registered investment adviser.

This is not an offer or a solicitation to buy or sell securities. Investing involves risk. Investments are not FDIC or NCUA insured. Brokerage services are provided to Acorns Advisers LLC by Acorns Securities LLC, member of FINRA/SIPC. This press release contains projections that are hypothetical in nature and "forward-looking statements" regarding matters that are not historical facts, including statements relating to Acorns' future goals and plans. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements and projections.

Funding Rounds (5) - $61.96M

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DateAmount / RoundValuationLead InvestorInvestors
Apr, 2016$30M / Series D3
Apr, 2015$23M / Series C6
Mar, 2014$6.16M / Series B2
Oct, 2013$2.5M / Series A3
Jun, 2012$300k / Seed1

Current Team (12)

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Board Members and Advisors (1)

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Competitors (3)

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  • Betterment is a goal-based online investment company, delivering personalized financial advice paired with low fees and customer experience.
  • Robinhood is a stock brokerage that allows customers to buy and sell U.S. listed stocks and ETFs with zero commission.
  • Wealthfront is the largest and fastest growing automated investment service, with over $2 billion in assets under management.

Offices/Locations (1)

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  • Main Office

    19900 MacArthur Blvd

    Suite 400

    Newport Beach, California 92612

    United States

Awards (2)

Images (5)

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