Drivewealth Improves Pre-IPO Financing

DriveWealth, a startup providing fractional trading technology to online brokers, recently raised $450M in new capital in a late-stage financing round. With this round of funding led by Insight Partners and Accel, the firm reached a valuation of $2.85B. The Series D funding round also included investments from Greyhound Capital, SoftBank Vision Fund ($SFTBY@Japan), and Steve Cohen’s Point72 Ventures. With exponential growth comes value that investors can extract in pre-IPO DriveWealth shares.