What is Public.com?
Public.com operates as a social investing platform designed to democratize access to financial markets. It enables users to purchase fractional shares of stocks and ETFs with no commission fees, fostering a community-driven approach to investment. The app integrates social features, allowing members to follow investment themes, share insights, and learn from a network of experts and peers. Headquartered in New York, Public.com is a member of FINRA and SIPC, adhering to regulatory standards for brokerage firms. The company's mission is to make investing more accessible, transparent, and engaging for a broader audience.
How much funding has Public.com raised?
Public.com has raised a total of $478.9M across 9 funding rounds:
Series A
$6.5M
Angel/Seed
$2M
Multiple Rounds
$115.3M
Series D
$220M
Debt
$30M
Private Equity
$105M
Series A (2019): $6.5M with participation from Greycroft, Advancit Capital, and Accel
Angel/Seed (2019): $2M led by Greycroft Partners
Series B (2020): $15M supported by Casey Neistat, J.J. Watt, Sophia Amoruso, Accel, Scott Belsky, Advancit Capital, Morgan DeBaun, Greycroft Partners, and Dreamers VC
Debt (2020): $350K featuring PPP
Unspecified (2020): $35M backed by Tanglin Venture Partners, SIG Global, and Addition
Series C (2020): $65M with participation from Greycroft Partners LLC, Accel Partners BV, Lakestar, and Advancit Capital LLC
Series D (2021): $220M led by Inspired Capital, Accel, Greycroft Partners, and Tiger Global
Private Equity (2024): $105M supported by Accel
Debt (2024): $30M featuring Accel
Key Investors in Public.com
Greycroft Partners
Greycroft is a leading venture capital firm focused on investments in the Internet and mobile markets, leveraging an extensive network to help entrepreneurs build successful businesses.
Accel
Accel is a global venture capital firm that partners with exceptional teams from the inception of their ideas through all phases of private company growth, focusing on supporting innovative companies and entrepreneurs.
Advancit Capital
Advancit Capital is a venture firm that invests in media, technology, and web3 startups, partnering with top entrepreneurs to build the next generation of leading companies.
What's next for Public.com?
With the recent influx of major strategic investment and significant overall capital, Public.com is poised for accelerated growth. The company is likely to focus on enhancing its platform's social and educational features, expanding its user base, and potentially exploring new investment products or services. This funding round, characterized as enterprise-level, suggests a strategic push towards scaling operations, increasing market share, and solidifying its competitive advantage in the rapidly evolving fintech landscape. Future developments may include deeper integration of AI-driven insights and personalized investment tools to further empower its community.
See full Public.com company page
