Public Holdings was founded in 2017 by Jannick Malling, Matt Kennedy, Peter Quinn, and Sean Hendelman. The company has not publicly endorsed a plan to participate in an IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Public is an American investment app that allows users to buy stocks on an accessible, low-friction platform. The company has grown rapidly as consumer demand for financial management services continues to expand, reporting a 700% increase in funded accounts in 2021. In 2022, Public acquired HyperCharts, a financial data visualization platform, and Otis, an investment marketplace for "alternative assets." Public has raised more than $300 million in venture capital funding from investors including Tiger Global, Vine Capital, MANTIS, Lakestar, Greycroft Partners, Accel Partners, and Inspired Capital Partners. The company is valued at $1.2 billion.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
12/06/2021 | Series D-1 | $7.69MM | $xx.xx | $1.52B | Maria Sharapova | |
Price per Share
$xx.xx
Shares Outstanding
423,299
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Maria Sharapova
|
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02/17/2021 | Series D | $220MM | $xx.xx | $1.18B | Accel, Greycroft, Lakestar, Intuition Capital, Tiger Global Management, Mantis VC, Dreamers VC, Inspired Capital, Aglae Ventures, Phil DeFranco | |
Price per Share
$xx.xx
Shares Outstanding
14,653,569
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Accel, Greycroft, Lakestar, Intuition Capital, Tiger Global Management, Mantis VC, Dreamers VC, Inspired Capital, Aglae Ventures, Phil DeFranco
|
||||||
12/03/2020 | Series C-1 | $7.96MM | $xx.xx | $212.22MM | Accel, Lakestar, Greycroft, Advancit Capital, Tony Hawk, Dick Parsons, Mantis VC | |
Price per Share
$xx.xx
Shares Outstanding
2,979,202
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Accel, Lakestar, Greycroft, Advancit Capital, Tony Hawk, Dick Parsons, Mantis VC
|
||||||
12/03/2020 | Series C | $57.5MM | $xx.xx | $212.22MM | Accel, Lakestar, Greycroft, Advancit Capital, Tony Hawk, Dick Parsons, Mantis VC | |
Price per Share
$xx.xx
Shares Outstanding
17,226,389
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Accel, Lakestar, Greycroft, Advancit Capital, Tony Hawk, Dick Parsons, Mantis VC
|
||||||
01/03/2020 | Series B | $15MM | $xx.xx | $73.74MM | Accel, Greycroft, Dreamers VC, Advancit Capital, Casey Neistat, Scott Belsky, Morgan DeBaun | |
Price per Share
$xx.xx
Shares Outstanding
8,986,116
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Accel, Greycroft, Dreamers VC, Advancit Capital, Casey Neistat, Scott Belsky, Morgan DeBaun
|
||||||
03/27/2019 | Series A-2 | $5.78MM | $xx.xx | $50.66MM | Accel, Advancit Capital, Greycroft, MaC Venture Capital | |
Price per Share
$xx.xx
Shares Outstanding
7,500,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Accel, Advancit Capital, Greycroft, MaC Venture Capital
|
||||||
03/27/2019 | Series A-1 | $2MM | $xx.xx | $50.66MM | Accel, Advancit Capital, Greycroft, MaC Venture Capital | |
Price per Share
$xx.xx
Shares Outstanding
2,015,296
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Accel, Advancit Capital, Greycroft, MaC Venture Capital
|
||||||
03/27/2019 | Series A | $6.58MM | $xx.xx | $50.66MM | Accel, Advancit Capital, Greycroft, MaC Venture Capital | |
Price per Share
$xx.xx
Shares Outstanding
4,972,747
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Accel, Advancit Capital, Greycroft, MaC Venture Capital
|
||||||
11/28/2017 | Series Seed 2 | $578,914 | $xx.xx | $6.35MM | Greycroft | |
Price per Share
$xx.xx
Shares Outstanding
187,959
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Greycroft
|
||||||
11/28/2017 | Series Seed 1 | $637,126 | $xx.xx | $6.35MM | Greycroft | |
Price per Share
$xx.xx
Shares Outstanding
637,126
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Greycroft
|