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Investing app Acorns nabbed $105 million in funding and now has a higher valuation than robo giant Betterment
01/28/2019 General World News
Madison Lucas, an employee of U.S.-based technology company Acorns, demonstrates their smartphone-based app at the organization's Sydney headquarters in Australia, April 19, 2016. Picture taken April 19, 2016.   REUTERS/Jason Reed

  • Investing app Acorns raised $105 million in funding for its Series E round that included new investors NBCUniversal, Comcast Venture and private equity firms DST and MSD Capital.
  • Acorns is now valued at $860 million, which is more than Betterment, the largest independent robo-advisor in the world.

Acorns, an app that invests users’ spare change in exchange-traded funds, announced it raised $105 million in a Series E round that gives the company a valuation of $860 million.

NBCUniversal, Comcast Ventures and private equity firms DST and MSD Capital, which manages Michael Dell’s personal money, participated in the round. TPG, read more >>>

Source:: BusinessInsider.Com

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