Investment App M1 Finance Raises $150 Million in Series E Funding

Source: David 2021-07-15

Fazzaco learned that M1 Finance, the US-based financial app, announced that it has raised $150 million in the latest Series E funding round, which was led by Softbank's Vision Fund 2 with participation from the company's existing investors. The company's valuation currently stands at around $1.45 billion.

With the latest closure of its Series E funding round, M1 Finance has raised a total of more than $300 million from top-tier investors like Left Lane Capital, Coatue, and SoftBank over the last 18 months. M1 Finance has more than 250 employees.

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Brian Barnes, Founder and CEO of M1 Finance, said: "This milestone would not be possible without our customers entrusting us with their hard-earned money, our teammates devoting their time and energy to the cause, or our investors giving us the resources to pursue our vision. To all, thank you! Not long ago, M1 was just an idea a few people and I were working on around my kitchen table. We are now a leading personal finance platform quickly approaching $5 billion in assets under management. The team has grown to over 250 people, all focused on our mission."

Investment App M1 Finance

Investment App M1 Finance Raises $150 Million in Series E Funding

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