What is Stockpile?
Founded in 2010 and headquartered in Palo Alto, California, Stockpile, Inc. is revolutionizing the investment landscape by simplifying entry into the stock market. The company champions equitable access for all, offering zero-fee trading, custodial accounts, gift cards, and fractional investing. This allows individuals to acquire ownership in blue-chip stocks without the prohibitive cost typically associated with these stable assets. Stockpile's innovative approach has garnered attention from prominent publications such as Consumer Reports, Forbes, and The Wall Street Journal, and its mobile application maintains a strong user rating of 4.7 on the app store.
How much funding has Stockpile raised?
Stockpile has raised a total of $45.4M across 3 funding rounds:
Series A
$15M
Series B
$30M
Debt
$350K
Series A (2015): $15M with participation from Mayfield and Steamboat Ventures
Series B (2017): $30M led by Mayfield, Hanna Ventures, Eight Roads Ventures, Wang Ventures, Fidelity, and Arbor Ventures
Debt (2020): $350K supported by PPP
Key Investors in Stockpile
Mayfield
Mayfield (mayfield.com) is a Menlo Park-based venture capital firm that raises dedicated funds to invest in early-stage technology companies, primarily at seed and Series A, backing enterprise, consumer, and infrastructure founders and partnering with them through growth and exit.
Eight Roads Ventures
Eight Roads Ventures is a global venture capital firm that invests in growth-stage technology and healthcare companies. They partner with ambitious entrepreneurs to build category-leading businesses.
Fidelity
Fidelity Investments is an international provider of financial services and investment resources that help individuals and institutions meet their financial objectives.
What's next for Stockpile?
The recent major strategic investment signals a pivotal phase for Stockpile, likely enabling the company to further scale its operations, enhance its platform technology, and expand its market reach. This infusion of capital is expected to fuel product development, bolster marketing initiatives, and potentially explore new avenues for financial inclusion. Stockpile's trajectory suggests a continued focus on empowering a broader demographic to participate in wealth-building through accessible investment solutions.
See full Stockpile company page
