Public.com secures $135 million in new funding, led by Accel, to enhance its investing platform and expand asset offerings.
Public.com secures $135 million in new funding, led by Accel, to enhance its investing platform and expand asset offerings.
Public.com secures $135 million in new financing, including $105 million in equity and $30 million in debt. This latest round was spearheaded by Accel, a venture capital firm that has supported Public since its inception in 2019, leading or co-leading every funding round.
The announcement marks a significant milestone for the company, which has evolved from a “social stock trading app” into a comprehensive investing platform. Public’s CEO and co-founder, Leif Abraham, expressed gratitude for Accel’s continued support, noting how much the company has matured since its last funding round.
“As a company, We are deeply thankful for the continued support of Accel, who has been with us from the beginning and remains a strong believer in our mission. Since our previous funding round, we’ve made tremendous progress. What began in 2019 as a “social stock trading app” has transformed into a powerful investment platform, offering various asset classes, in-depth research tools, and advanced portfolio management capabilities. We are excited about the road ahead and the ongoing value we can bring our users.”
The public.com has grown notably since its launch in 2019, expanding beyond stocks and ETFs to include a wide range of investment options such as crypto, options, and even private market assets.
The platform’s features now include tools for in-depth research and customizable portfolio management, positioning it as a player in the broader wealth management space. The company also celebrated its fifth anniversary in September, underscoring its progress and resilience.
This new funding comes four years after the Public’s Series D round and represents a Series D-2 capital raise. The investment will further fuel Public’s continued expansion and help the platform scale its capabilities in the competitive online brokerage and fintech sector.
As Public.com looks to the future, this capital infusion strengthens its position in the market, allowing it to offer more diversified investment opportunities and further enhance its user experience.
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