Investing Social Network Public.com Raises $65 Million In Series C Funding

By Amit Chowdhry ● Dec 21, 2020
  • Investing social network Public.com announced that it has raised $65 million in Series C funding

Investing social network Public.com announced that it has raised $65 million in Series C funding. This funding round comes eight months after the company’s $15 million Series B fundraise, bringing the total funding to date to $90 million.

Accel led this round for the third consecutive time and it is joined by Lakestar and previous investors Greycroft and Advancit Capital. Also joining the round is professional skateboarder and entrepreneur Tony Hawk, business executive Dick Parsons, and The Chainsmokers’ MANTIS VC.

With this round of funding, the company plans to double-down on its people-first approach to investing. And the new capital comes during a time in which people are seeking new ways to learn about and experience the stock market. Public.com’s community of investors has grown 10x since its launch in September 2019 and it is about 40% women.

Other renowned members include actor and activist Adrian Grenier; Aerie model and body positivity activist Iskra Lawrence, Premier Lacrosse League co-founder Paul Rabil; Chillhouse Founder & CEO Cyndi Ramirez-Fulton; Harlem Capital partner Brandon Bryant; and business professor Scott Galloway, who invested seven figures in the company earlier this year.

KEY QUOTES:

“Our mission to change the culture of investing is resonating with a new generation of investors who value collaboration over competition. By building the social network for investing, we’re giving people a place to share ideas and discover new ways of thinking in the same place they invest.”

— Leif Abraham, co-CEO of Public.com

“We couldn’t be more thrilled about our investment in Public.com and the potential this company has. We’re all about community and Public’s social focus makes the stock market a more inclusive space where everyone can get educated and excited about investing.”

— Alex Pall, partner at MANTIS VC and member of The Chainsmokers

“The stock market has historically been an intimidating place reserved for a lucky few. As technology continues to disrupt barriers, Public.com is creating a platform that makes investing accessible to everyone; while providing a place where they can share ideas and build their confidence as they build their portfolios.” 

— Tony Hawk