# DriveWealth

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/drivewealth

- Industry: Financial Services
- Headquarters: Chatham, US
- Website: www.drivewealth.com
- Total disclosed funding: $808M
- Latest round: Series D (Aug 19, 2021)
- Investors on record: 16

## About

Based in New Jersey, US, and founded in 2012 by Robert Cortright (CEO), DriveWealth, LLC is a fractional trading and embedded finance company. In 2020, DriveWealth, LLC raised USD 56.7 million in series C funding led by returning investor Point72 Ventures, LLC, with participation from other returning investors. In August 2021, DriveWealth, LLC raised USD 450 million in series D funding co-led by Accel and Insight Partners, with participation from other investors.
 
DriveWealth, LLC provides an online trading platform that utilizes cloud-based API-driven brokerage infrastructure and enables users to access the global equity markets instantly. The firm also offers digital brokerage solutions to broker-dealers, advisors, and online partners worldwide through its proprietary investment platform.
 
The firm plans to use the series D funding in August 2021 for the expansion of products and services, talent acquisition, and technology innovation, and to launch self-clearing and accelerate execution via strategic acquisitions and partnerships.

## Funding rounds

- Series D, Aug 19, 2021, $735M — Accel, Insight Partners, Fidelity Investments, Point72 Asset Management, Base10 Partners, SB Investment Advisers, Greyhound Capital, FTX Trading Ltd., Flight Deck Capital
- Series C, Oct 27, 2020, $47M — SBI Holdings, Eight Roads Ventures, Raptor Capital Management, Route 66 Ventures, Mouro Capital, Point72 Asset Management
- Series B, Apr 3, 2018, $21M — SBI Holdings, Raptor Capital Management, Route 66 Ventures, Point72 Asset Management
- Series A, Jun 26, 2015, $4.2M — Route 66 Ventures, SenaHill Investment Group, Fenway Summer Ventures

## Investors

- Route 66 Ventures (https://capitalatlas.ai/funds/route-66-ventures) — Series A, Series B, Series C
- SenaHill Investment Group (https://capitalatlas.ai/funds/senahill-investment-group) — Series A
- Fenway Summer Ventures (https://capitalatlas.ai/funds/fenway-summer-ventures) — Series A
- SBI Holdings — Series B, Series C
- Raptor Capital Management (https://capitalatlas.ai/funds/raptor-capital-management) — Series B, Series C
- Point72 Asset Management — Series B, Series C, Series D
- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series C
- Mouro Capital (https://capitalatlas.ai/funds/mouro-capital) — Series C
- Accel (https://capitalatlas.ai/funds/accel) — Series D
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series D
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series D
- Base10 Partners (https://capitalatlas.ai/funds/base10-partners) — Series D
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series D
- Greyhound Capital (https://capitalatlas.ai/funds/greyhound-capital) — Series D
- FTX Trading Ltd. — Series D
- Flight Deck Capital (https://capitalatlas.ai/funds/flight-deck-capital) — Series D