How Much Did DriveWealth Raise? Headquarters, Funding & Key Investors

DriveWealth has secured $542 million in total funding across multiple rounds, with its most recent being a $450 million Series D round in August 2021, led by Accel and Insight Partners, valuing the firm at $2.85 billion. Earlier rounds include a $56.7M Series C (2020), $21.1M Series B (2017), $12.5M Series A (2015), and a $10.5M Seed Round (2012). Prominent investors such as Point72 Ventures, Raptor Group, and Route 66 Ventures have supported its growth, fueling its mission to democratize access to global investing through embedded API solutions.

How Much Did DriveWealth Raise? Funding & Key Investors

DriveWealth is an online investment technology platform that offers cloud-based, API-embedded investing solutions designed to make trading and wealth management accessible to all. Its platform supports fractional equities trading, robo-advisory tools, AI-driven autopilot portfolios, and educational investor resources. DriveWealth empowers wealth managers and fintech companies to deliver scalable, compliant, and global digital investment services to their clients.

What Is DriveWealth and What Does It Do?

DriveWealth, founded in 2012 by Robert Cortright, is a Chatham, United States-based investment technology company.

With a team of 28 employees (as of December 2015), the company builds technology that powers embedded investing infrastructure through APIs and fractional share trading capabilities. DriveWealth’s solutions help brokers, fintechs, and financial institutions launch modern investment platforms.

By combining cutting-edge APIs, automation, and compliance tools, DriveWealth enables companies to integrate investing features seamlessly into their products.

How Much Funding Has DriveWealth Raised?

*Seed Round* • Amount Raised: $10.5M
• Date: March 2012
• Motivation: To establish foundational technology and initial market entry.
*Series A* • Amount Raised: $12.5M
• Date: April 2015
• Lead Investors: Route 66 Ventures
• Motivation: To expand product offerings and scale operations.
*Series B* • Amount Raised: $21.1M
• Date: November 2017
• Lead Investors: Point72 Ventures, Raptor Group, Route 66 Ventures, SBI Group
• Motivation: To enhance technological capabilities and expand into new markets.
*Series C* • Amount Raised: $56.7M
• Date: October 2020
• Lead Investors: Point72 Ventures
• Motivation: To accelerate growth and support global expansion.
*Series D* • Amount Raised: $450M
• Date: August 2021
• Lead Investors: Accel, Insight Partners
• Motivation: To support product expansion, technology innovation, and talent acquisition.

Total Funding Raised: $542 Million

Current Valuation: $2.85 Billion (as of August 2021)

Latest Funding Date: August 2021

Key Investors

*Accel* • Details: Accel is a global venture capital firm partnering with founders from early to late growth stages.
• Investment Focus Areas: Technology, internet, software, and mobile.
• Notable Investments: Facebook, Dropbox, Slack.
*Insight Partners* • Details: A global venture capital and private equity firm investing in high-growth software and internet businesses.
• Investment Focus Areas: Software, internet, data services.
• Notable Investments: Twitter, Shopify, DocuSign.
*Point72 Ventures* • Details: Venture capital arm of Point72 Asset Management, focused on early-stage technology startups.
• Investment Focus Areas: Fintech, AI/ML, enterprise technology.
• Notable Investments: Acorns, Extend, Quantopian.
*Raptor Group* • Details: An investment firm with a diversified portfolio in fintech, sports, and media.
• Investment Focus Areas: Sports, media, entertainment, financial services.
• Notable Investments: Uber, Airbnb, DraftKings.
*Route 66 Ventures* • Details: A venture capital firm investing in financial services and technology innovators.
• Investment Focus Areas: Financial services, technology.
• Notable Investments: Kabbage, Orchard, LendUp.

Where Is DriveWealth’s Headquarters?

DriveWealth is headquartered in Chatham, New Jersey, United States, a strategic location offering proximity to New York’s financial hub. This enables easy access to institutional investors, fintech innovators, and global financial markets, supporting DriveWealth’s mission to modernize digital investing infrastructure.

What’s Next for DriveWealth?

DriveWealth is focused on scaling its API-based brokerage infrastructure and expanding into new global markets. With the $450M Series D funding, the company aims to introduce self-clearing services, deepen partnerships with global fintechs, and continue innovating in embedded investing technology. Its goal is to become the backbone of digital investing, enabling any company worldwide to offer seamless investment access to users.

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