Noah Kerner, CEO of Acorns.
Adam Jeffery | CNBC
Acorns, the fintech start-up that scrapped plans to go public in January, has raised $300 million from private investors, CNBC has learned.
The savings and investing app is now valued at $1.9 billion after the transaction, more than double its last private round valuation, according to Acorns CEO Noah Kerner. The Series F round was led by private equity firm TPG and included BlackRock, Bain Capital Ventures, Galaxy Digital, and the investment firm co-founded by Brooklyn Nets star Kevin Durant.
The move shows that ample funding is still available for late-stage start-ups with good prospects. Private investors have grown more discerning after a…