How Much Did M1 Raise? Headquarters, Funding & Key Investors

M1 has raised a total of $333 million across multiple funding rounds, with the latest being a $150 million Series E in July 2021, led by SoftBank Vision Fund, valuing the company at $1.45 billion. Earlier, M1 secured $75 million in Series D (March 2021), $49.8 million in Series C (October 2020), $33 million in Series B (June 2020), and $9 million in Series A (September 2016). Since its founding in 2015, M1 has raised funding consistently to expand its automated investing, lending, and wealth management tools for retail investors.

How Much Did M1 Raise? Funding & Key Investors

M1, founded in 2015 by Brian Barnes, is a Chicago-based (United States) financial technology company. It delivers a unified digital platform for investing, borrowing, and spending, combining automated portfolio management, customized investment strategies, checking accounts, and personal lending lines of credit. M1 integrates wealth management, cash flow automation, and advisory services, helping individuals and financial advisors manage finances efficiently. The platform’s versatile fintech solutions cater to seamless investment and lending experiences while supporting growth and scalability for its users.

What Is M1 and What Does It Do?

M1, founded in 2015 by Brian Barnes, is a Chicago-based financial technology company specializing in investment and lending platforms for securities.

With a team of 201-500 employees (as of July 2024), M1 enables users to invest, borrow, and spend seamlessly through a unified digital platform.

The company’s core features include customized investment strategies, automated portfolio management, checking accounts, and personal lending lines of credit. M1 integrates wealth management, cash flow automation, and advisory support for individuals and financial advisors, making it one of the most versatile fintech platforms in the U.S.

How Much Funding Has M1 Raised?

1. Series A

Amount Raised: $9 million
Date: September 2016
Motivation: To develop and launch its investment management platform.\

2. Series B (1st Round)

Amount Raised: $16.2 million
Date: July 2018
Motivation: To strengthen product features and enhance platform usability.

3. Series B (2nd Round)

Amount Raised: $33 million
Date: June 2020
Lead Investors: Left Lane, Clocktower Technology Ventures, Jump Capital
Motivation: To expand customer acquisition and integrate lending products.

4. Series C

Amount Raised: $49.8 million
Date: October 2020
Lead Investors: Left Lane, Jump Capital, Clocktower Technology Ventures, Chicago Ventures
Motivation: To accelerate platform scalability and technology development.

5. Series D

Amount Raised: $75 million
Date: March 2021
Lead Investors: Left Lane, Clocktower Technology Ventures, Coatue
Motivation: To expand marketing and enhance customer acquisition.

6. Series E

Amount Raised: $150 million
Date: July 2021
Lead Investors: SoftBank Vision Fund
Motivation: To strengthen automation, scale operations, and expand wealth-management services.

Total Funding Raised: $333 Million

Current Valuation: $1.45 Billion (as of July 2021)

Latest Funding Date: July 2021

Key Investors

1. SoftBank Vision Fund

Details: A global technology investment arm of SoftBank Group, focusing on transformative companies in fintech, AI, and digital platforms.
Investment Focus Areas: Fintech, artificial intelligence, consumer platforms.
Notable Investments: M1, Revolut, SoFi, WeWork.

2. Coatue Management

Details: A technology-focused investment firm known for its late-stage funding in digital and financial sectors.
Investment Focus Areas: Fintech, SaaS, consumer internet, data-driven businesses.
Notable Investments: M1, DoorDash, Robinhood, Stripe.

3. Left Lane Capital

Details: Growth-stage VC specializing in consumer internet and fintech companies.
Investment Focus Areas: Financial technology, consumer platforms, SaaS.
Notable Investments: M1, Masterworks, Blank Street.

4. Clocktower Technology Ventures

Details: A venture arm of Clocktower Group focusing on early-stage fintech and digital asset startups.
Investment Focus Areas: Financial innovation, trading infrastructure, wealth tech.
Notable Investments: M1, Robinhood, Betterment.

5. Jump Capital

Details: A Chicago-based venture capital firm investing in scalable, data-driven technology businesses.
Investment Focus Areas: Fintech, data analytics, and blockchain.
Notable Investments: M1, Nayms, BitGo.

Where Is M1’s Headquarters?

M1 is headquartered in Chicago, Illinois, one of the U.S.’s most dynamic fintech and trading hubs. The city’s robust financial ecosystem, access to institutional investors, and deep technology talent pool make it an ideal location for M1 to operate and scale its wealth management and investment technology offerings.

What’s Next for M1?

M1 plans to enhance its automated wealth management ecosystem by expanding into new lending products, improving its mobile experience, and integrating AI-based advisory tools. The firm is also expected to pursue international expansion and partnerships with financial institutions to grow its user base. With increasing investor confidence and a firm $1.45 billion valuation, M1 aims to solidify its position as a leading all-in-one platform for investing, borrowing, and spending.

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