m1finance.comFinTech / Personal FinanceFounded: 2015Funding to Date: $332.64MM
M1 Finance is a developer of a financial wellness app that aims to help people manage and grow their money with control and automation with no fee. With a mission to streamline everyday finance, the company features cash accounts and investment accounts such as brokerage, retirement, or crypto savings. M1 Finance was founded by Brian Barnes in 2015 and is headquartered in Chicago, IL.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
07/14/2021 | Series E | $150MM | $xx.xx | $1.42B | SoftBank, Left Lane Capital, Clocktower Technology Partners, Chaifetz Group | |
Price per Share
$xx.xx
Shares Outstanding
10,665,559
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
SoftBank, Left Lane Capital, Clocktower Technology Partners, Chaifetz Group
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03/09/2021 | Series D | $75MM | $xx.xx | $791.95MM | Coatue, Left Lane Capital, Clocktower Technology Ventures | |
Price per Share
$xx.xx
Shares Outstanding
8,631,418
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Coatue, Left Lane Capital, Clocktower Technology Ventures
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10/14/2020 | Series C | $49.77MM | $xx.xx | $454MM | Left Lane Capital, Jump Capital, Clocktower Technology Partners | |
Price per Share
$xx.xx
Shares Outstanding
9,008,470
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Left Lane Capital, Jump Capital, Clocktower Technology Partners
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06/10/2020 | Series B | $34.57MM | $xx.xx | $140.07MM | Left Lane Capital, Jump Capital, Clocktower Technology Partners | |
Price per Share
$xx.xx
Shares Outstanding
17,500,492
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Left Lane Capital, Jump Capital, Clocktower Technology Partners
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04/09/2018 | Series A | $20.05MM | $xx.xx | $58.73MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
17,857,727
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
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11/14/2016 | Series FP-3 | $1.15MM | $xx.xx | $31.39MM | Chicago Ventures | |
Price per Share
$xx.xx
Shares Outstanding
1,918,381
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Chicago Ventures
|
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11/14/2016 | Series FP-2 | $1.2MM | $xx.xx | $31.39MM | Chicago Ventures | |
Price per Share
$xx.xx
Shares Outstanding
3,000,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Chicago Ventures
|
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11/14/2016 | Series FP-1 | $905,054 | $xx.xx | $31.39MM | Chicago Ventures | |
Price per Share
$xx.xx
Shares Outstanding
16,455,534
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Chicago Ventures
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