About Acorns
Acorns is a company based in Irvine (United States) founded in 2012 by Mark Dru and Jeffrey Cruttenden. Acorns has raised $587.84 million across 11 funding rounds from investors including PayPal, NBCUniversal and Galaxy. Acorns has completed 5 acquisitions, including Acorns, EarlyBird and Pillar. Acorns offers products and services including Invest Account, Later, Early, and Banking Services. Acorns operates in a competitive market with competitors including Plinqit, Tranako, Grifin, Dvdendo and Remynt, among others.
- Headquarter Irvine, United States
- Founders Mark Dru, Jeffrey Cruttenden
- Stage Unicorn
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Sectors
Technology
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Email
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Website
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Social
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- Legal Name Acorns Grow Incorporated
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Products & Services of Acorns
Acorns offers a comprehensive portfolio of products and services, including Invest Account, Later, Early, and Banking Services.
App for automated spare change investing into portfolios
IRA account for retirement savings and tax advantages
App and debit card for teaching kids money management
Debit card with real-time investing and high-yield accounts
People of Acorns
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Software Development Team
93 people
Operations Team
13 people
Sales and Marketing
10 people
Finance and Accounting
9 people
Creative and Marketing Team
8 people
Investor Team
7 people
Leadership Team
7 people
Product Management Team
6 people
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Funding Insights of Acorns
Acorns has successfully raised a total of $587.84M across 11 strategic funding rounds. The most recent funding activity was a Series F round of $300 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Acorns
Acorns has secured backing from 28 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include PayPal, NBCUniversal and Galaxy.
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Fund of funds focused on pre-seed and seed-stage companies
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Venture capital fund focused on investing in multiple sectors
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Tech-enabled companies are supported through venture capital investments.
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Investor details for Acorns
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Investments & Acquisitions by Acorns
Acorns has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Acorns, EarlyBird and Pillar.
Investment portfolio details for Acorns
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Goal-based savings and investments for children's futures are facilitated online.
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Loan management app
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Overdraft and banking fees are negotiated and resolved for consumers.
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Complete acquisition details for Acorns
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Financial Statements - Acorns
Detailed financials for Acorns
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Acorns Comparisons
Peer comparison for Acorns
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Competitors of Acorns
Acorns operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Plinqit, Tranako, Grifin, Dvdendo and Remynt, among others.
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Automated micro-savings app
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Spare change from purchases is automatically invested in global assets.
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Provider of an investment platform that enables stock purchases through everyday spending
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Dvdendo delivers digital investment tools and advisory services to support financial decision-making.
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Debt resolution and credit rebuilding services are offered to consumers.
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Detailed competitors of Acorns
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Latest news on Acorns
Complete news archive for Acorns
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Frequently Asked Questions about Acorns
Acorns was founded in 2012.
Acorns is headquartered in Irvine, United States. It is registered at Irvine, California, United States.
Noah Kerner is the current CEO of Acorns.
Acorns is a funded company, having raised a total of $587.84M across 11 funding rounds to date.
Founded in 2012 in Irvine, United States, Acorns operates as a fintech platform focused on micro-investing. Transactions are rounded up to the nearest dollar, with the difference automatically invested in user-selected portfolios from five options. Educational tools for financial literacy are also provided through the app, enabling accessible saving and investment for everyday users across the country.
Acorns offers Invest Account, Later, Early, and Banking Services.
Acorns has 28 investors. Key investors include PayPal, NBCUniversal, Galaxy, BlackRock, and Bain Capital.
The valuation of Acorns is $1.9B as of Mar 2022.