Thursday, March 10, 2022

Acorns Collects $300M More

Irvine-based Acorns, which develops a savings and investment app, has raised $300M more in a Series F funding, the company disclosed on Wednesday. The funding was led by TPG, and also included BlackRock, Bain Capital Ventures, and Galaxy Digital, and reportedly valued the company at $1.9 billion pre-money. The new funding comes after the company aborted an attempt to go public via a special purpose acquisition company (SPAC) in January. Acorns is led by CEO Noah Kerner.