M1 Finance
Latest round
- Series E
Last raised
- Jul 2021
Total raised
- $288M
Investors
- 6
About M1 Finance
Founded in 2015, M1 Finance LLC is based in Chicago, US, and specializes in providing a streamlined investment platform.M1 Finance offers a suite of financial products designed to simplify and automate investing for individuals. Their core offerings include Individual and Joint High-Yield Cash Accounts, various types of retirement accounts (such as Traditional IRA, Roth IRA, and SEP IRA), and a margin trading service that allows clients to borrow against their investment portfolios. The High-Yield Cash Accounts provide a competitive annual percentage yield (APY) on uninvested cash, catering to individuals seeking to maximize their returns while maintaining liquidity. M1’s platform also includes customizable portfolio management through its automated investing feature, known as "M1 Pies," which intelligently allocates funds to meet users' investment goals based on pre-set targets.M1 Finance generates revenue through its commission-free brokerage services while potentially implementing various fees for specific transactions and account services. The company benefits from the interest earned on the cash held in High-Yield Cash Accounts and margin loans, where clients can borrow funds against their investment portfolios. For instance, a client using a margin loan could access up to 50% of their portfolio's value, with the interest rates set at competitive levels, facilitating further investment opportunities. Additionally, M1 may charge clients for services such as platform fees or account closure fees, enhancing its revenue streams. The company plans to expand its product offerings, including the launch of new financial tools aimed at enhancing user experience.
Who invested in M1 Finance
6 investors across 5 rounds
See all investors in M1 Finance
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Questions about M1 Finance
Who invested in M1 Finance?
M1 Finance has 6 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has M1 Finance raised?
M1 Finance has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did M1 Finance last raise money?
M1 Finance's most recent round on record is a Series E, in Jul 2021.
What does M1 Finance do?
Founded in 2015, M1 Finance LLC is based in Chicago, US, and specializes in providing a streamlined investment platform.
Where is M1 Finance headquartered?
M1 Finance is headquartered in Chicago, US.
Which VCs invest in companies like M1 Finance?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at M1 Finance's stage. Their profiles are linked below.
VCs backing financial services startups at Series E
Raising like M1 Finance? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.