What is Drivewealth?
Headquartered in Chatham, New Jersey, Drivewealth operates as a premier financial technology firm specializing in brokerage-as-a-service. The company provides a comprehensive suite of API-based tools that allow partners to offer real-time access to US equities, including the ability to execute fractional share trades. This infrastructure-first approach has enabled Drivewealth to bridge the gap between traditional financial markets and the digital-native requirements of modern fintech applications. By abstracting the complexities of clearing, settlement, and regulatory compliance, the company empowers its partners to focus on user experience and product innovation, effectively serving as the engine behind numerous retail investment platforms globally.
How much funding has Drivewealth raised?
Drivewealth has raised a total of $581.7M across 8 funding rounds:
Angel/Seed
$10.5M
Private Equity
$5.6M
Private Equity
$4.2M
Series A
$12.5M
Private Equity
$21.1M
Series B
$21M
Series C
$56.7M
Series D
$450M
Angel/Seed (2012): $10.5M, investors not publicly disclosed
Private Equity (2013): $5.6M, investors not publicly disclosed
Private Equity (2015): $4.2M supported by Route 66 Ventures
Series A (2015): $12.5M featuring Route 66 Ventures
Private Equity (2017): $21.1M, investors not publicly disclosed
Series B (2018): $21M with participation from SBI Group, Raptor Group, Point72, and Route 66 Ventures
Series C (2020): $56.7M led by Raptor Group, Point72, Fidelity International Strategic Ventures, SBI Holdings, Route 66 Ventures, and Mouro Capital
Series D (2021): $450M supported by Base 10 Ventures, Greyhound Capital, Point72 Ventures, SoftBank Group Corp, Flight Deck Capital, Fidelity International Strategic Ventures, Insight Partners, Accel, and FTX US
Key Investors in Drivewealth
SoftBank Group Corp
A global technology holding company that drives innovation across AI, robotics, and fintech, providing strategic capital to businesses poised to shape the future of the information economy.
Point72 Ventures
A venture capital firm specializing in early-stage investments across financial technology and enterprise software, leveraging deep institutional knowledge of market infrastructure.
Insight Partners
A leading global venture capital and private equity firm that invests in high-growth technology and software companies, providing operational support to help them scale effectively.
What's next for Drivewealth?
With the support of its latest strategic financing, Drivewealth is well-positioned to accelerate its global expansion and deepen its technological moat. The company is expected to focus on enhancing its core brokerage infrastructure, potentially integrating more advanced digital asset capabilities and expanding its footprint into emerging markets where demand for US equity access is surging. By leveraging the expertise of its diverse investor base, Drivewealth will likely prioritize the development of high-performance, low-latency trading systems that can support the next generation of retail and institutional financial products. The strategic focus remains on maintaining its leadership in the brokerage-as-a-service category while scaling its operations to meet the rigorous demands of enterprise-level partners worldwide.
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