DriveWealth was founded in 2012 by Julie Coin and Robert Cortright. According to DriveWealth’s CEO in 2024, in a press announcement, the company is hoping for a 2026 IPO, however, no official announcement plans have been made.
DriveWealth is a developer of a cloud-based API-driven brokerage infrastructure. Per Forge data, DriveWealth has raised a total of $550.8 million over five funding rounds. Their latest funding round was August 20, 2021, in a Series D round. Key investors include Accel and Insight Partners.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
| Funding Date | Round | Amount Raised | Price per Share | Post-Money Valuation 3 | Key Investors | |
|---|---|---|---|---|---|---|
| 09/21/2021 | Series D-1 | $449.89MM | $25.18 | $2.85B | Accel, Base 10, Fidelity, Flightdeck, Ftx, Greyhound Capital, Insight Partners, Point72 Ventures, Softbank | |
|
Price per Share
$ xx.xx
Shares Outstanding
17,866,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Base 10, Fidelity, Flightdeck, Ftx, Greyhound Capital, Insight Partners, Point72 Ventures, Softbank
|
||||||
| 09/21/2021 | Series D-2 | $285.41MM | $20.98 | $2.85B | Accel, Base 10, Fidelity, Flightdeck, Ftx, Greyhound Capital, Insight Partners, Point72 Ventures, Softbank | |
|
Price per Share
$ xx.xx
Shares Outstanding
13,601,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Base 10, Fidelity, Flightdeck, Ftx, Greyhound Capital, Insight Partners, Point72 Ventures, Softbank
|
||||||
| 10/27/2020 | Series C | $64.49MM | $2.33 | $220.39MM | Fidelity, Mouro Capital, Point72 Ventures, Raptor Group, Route 66 Ventures, Sbi Holdings | |
|
Price per Share
$ xx.xx
Shares Outstanding
27,640,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Fidelity, Mouro Capital, Point72 Ventures, Raptor Group, Route 66 Ventures, Sbi Holdings
|
||||||
| 04/03/2018 | Series B | $29.2MM | $1.46 | $102.16MM | Point72 Ventures, Raptor Group, Route 66 Ventures, Sbi Holdings | |
|
Price per Share
$ xx.xx
Shares Outstanding
20,000,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Point72 Ventures, Raptor Group, Route 66 Ventures, Sbi Holdings
|
||||||
| 12/01/2016 | Series A-2 | $9.44MM | $1.46 | $67.46MM | Route 66 Ventures | |
|
Price per Share
$ xx.xx
Shares Outstanding
6,466,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Route 66 Ventures
|
||||||
| 05/01/2015 | Series A-1 | $8.3MM | $1.38 | $55.33MM | Route 66 Ventures | |
|
Price per Share
$ xx.xx
Shares Outstanding
6,007,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Route 66 Ventures
|
||||||
| 05/01/2015 | Series A | $8.3MM | $1.38 | $55.33MM | Route 66 Ventures | |
|
Price per Share
$ xx.xx
Shares Outstanding
6,007,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Route 66 Ventures
|
||||||
For investors interested in companies that enable investing infrastructure, DriveWealth may be an option. The company is one of the pioneers of fractional trading technology, which helped fuel the Covid-era retail trading boom, which in turn helped accelerate DriveWealth's growth. And soon, retail investors might be able to gain direct exposure if DriveWealth goes public.
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| Trade Metrics | Last Funding Round | |||||||
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| Company | Forge Price | Last Matched | Round | Post-Money Valuation 3 | Price Per Share | Amount Raised | ||
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 | Lendbuzz | Not available | $ xx.xx | Series D-1A | $1.07B | $16.65 | $1.53MM | |
 | Blockchain.com | Not available | $ xx.xx | Not available | -- | -- | -- | |
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SpaceX | $621.20 +$3.00 (0.49%) | High | $xxx.xx |
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Anthropic | $259.14 -$13.84 (5.07%) | High | $xxx.xx |
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Updated on: Jul 15, 2025
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