Funding round
Acorns Series C
Acorns, which works in investment management services in Irvine, raised $26M in a Series C round announced on 15 Apr 2015, led by Headline and Greycroft, at a $83M post-money valuation. 7 firms took part. It is Acorns' second venture round on record; the one before was a Series B in Mar 2014.
$26M
Amount raised
$83M
Post-money valuation
7
Investors
2 leads
31%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Acorns at $83M after the new money. The $26M bought investors about 31% of the company. It came 13 months after Acorns' Series B. It is 5.9% of the $436M Acorns has raised in the venture rounds on record. Acorns raised again 45 months later: a Series E round of $105M in Jan 2019, at $860M post-money.
Acorns' funding rounds
Acorns has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Headline and Greycroft led the round with 5 other firms.
Lead investors
- backs 163 venture-backed companies new investor
- Greycroft backs 236 venture-backed companies new investor
Also in the round
- Garland Capital Group new investor
- backs 104 venture-backed companies new investor
- backs 24 venture-backed companies new investor
- Sekits Capital new investor
- Sound Ventures backs 114 venture-backed companies new investor
Joined the board: Mathias Schilling (e.ventures).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
The closest in time, other companies' Series C rounds in Investment Consultants & Financial Advisors:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Investment Consultants & Financial Advisors | 1 Apr 2015 | $36M | not disclosed | not named |
| Investment Consultants & Financial Advisors | 18 Jun 2015 | $11M | not disclosed | Faering Capital |
| Investment Consultants & Financial Advisors | 12 Sep 2014 | $40M | not disclosed | Renren Inc. |
| Investment Consultants & Financial Advisors | 15 Apr 2014 | $32M | not disclosed | Citi Ventures and Globespan Capital Partners |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Acorns raise in its Series C round?
Acorns raised $26M in its Series C round, announced in Apr 2015.
Who led Acorns' Series C round?
Headline and Greycroft led it, with Garland Capital Group, Great Oaks Venture Capital, MATH Venture Partners, Sekits Capital and Sound Ventures.
What was Acorns' valuation at the Series C round?
$83M post-money.
Did Acorns raise again after this round?
Yes: a Series E round in Jan 2019 of $105M at $860M post-money.