Public.com, which claims to be the investing social network, has scored $65m in its Series C round, coming less than a year after its Series B.
Accel served as the lead investor to the round, marking its third consecutive time doing so. Other backers to the series investment included Lakestar, Greycroft and Advancit Capital.
There were also a handful of angel investors in the round, including professional skateboarder and entrepreneur Tony Hawk, business executive and The Chainsmokers’ MANTIS VC.
Public.com is an investing social network where members can own fractional shares of stocks and ETFs, follow popular creators and share ideas with the community.
Tony Hawk said, “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,”
This capital injection comes after a strong year of growth for Public.com. Since it launched in September 2019, it has seen its community of investors grow by ten-times. Its users are comprised of around 40% women, it said.
The FinTech previously secured a $14m Series B round earlier in the year.
MANTIS VC and member of The Chainsmokers partner Alex Pall said, “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.”
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