Investing app Acorns taps ‘choppy’ private markets at $1.9 billion valuation after scrapping SPAC


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…


0 0 votes
Article Rating

Tesla hikes car prices in the U.S., China after Musk inflation warning

Previous article

Oil producers in ‘dire situation,’ unable to ramp up output: Oxy CEO

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Investing