What is Drivewealth?
Drivewealth operates as a financial technology company, specializing in providing API-based brokerage technology. This innovative infrastructure enables partners to offer real-time access to the U.S. equities market, with a particular emphasis on fractional share trading. Headquartered in Chatham, New Jersey, Drivewealth plays a crucial role in democratizing access to investment opportunities by empowering other businesses to integrate sophisticated trading capabilities into their own platforms. The company's technology facilitates seamless integration, allowing partners to deliver a modern, efficient trading experience to their end-users.
How much funding has Drivewealth raised?
Drivewealth has raised a total of $581.7M across 8 funding rounds:
Angel/Seed
$10.5M
Private Equity
$5.6M
Private Equity
$4.2M
Series A
$12.5M
Private Equity
$21.1M
Series B
$21M
Series C
$56.7M
Series D
$450M
Angel/Seed (2012): $10.5M, investors not publicly disclosed
Private Equity (2013): $5.6M, investors not publicly disclosed
Private Equity (2015): $4.2M supported by Route 66 Ventures
Series A (2015): $12.5M featuring Route 66 Ventures
Private Equity (2017): $21.1M, investors not publicly disclosed
Series B (2018): $21M with participation from SBI Group, Raptor Group, Point72, and Route 66 Ventures
Series C (2020): $56.7M led by Raptor Group, Fidelity International Strategic Ventures, Point72, SBI Holdings, Mouro Capital, and Route 66 Ventures
Series D (2021): $450M supported by FTX US, Accel, SoftBank Group, Flight Deck Capital, Point72 Ventures, Greyhound Capital, Base 10 Ventures, Insight Partners, and Fidelity International Strategic Ventures
Key Investors in Drivewealth
FTX US
FTX US is a cryptocurrency exchange focused on providing innovative trading products, including derivatives and tokenized stocks, aiming to be an intuitive yet powerful platform for all users.
Accel
Accel is a global venture capital firm that partners with exceptional teams from inception through all phases of private company growth, focusing on supporting innovative companies and entrepreneurs.
SoftBank Group
SoftBank Group is a global technology holding company driving innovation across various sectors, including telecommunications, AI, and robotics, supporting transformative technologies worldwide.
What's next for Drivewealth?
The substantial enterprise-level funding and recent strategic investment signal a strong trajectory for Drivewealth. This capital infusion is expected to fuel further technological advancements, enhance product offerings, and expand the company's market reach. Drivewealth is strategically positioned to capitalize on the growing demand for accessible and sophisticated trading solutions. Future developments will likely focus on deepening partnerships, expanding into new markets, and continuing to innovate its API-driven brokerage services to meet the evolving needs of the digital finance landscape. The company's commitment to fractional share trading and robust API infrastructure suggests a continued focus on empowering a broader range of financial service providers and their customers.
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