About DriveWealth
DriveWealth is a Technology company based in Chatham (United States) founded in 2012 by Robert Cortright. Cloud-based API solutions for embedded investing are provided online. DriveWealth has raised $541.71 million across 6 funding rounds from investors including FTX, Accel and Fidelity International. The company has 374 employees. DriveWealth was last valued at $2.9 billion in December 2025. Its chief executive, as recorded, is Michael Blaugrund. Its website drivewealth.com draws about 134 thousand monthly visits. DriveWealth offers products and services including API Platform, Fractional Share Investing, Equities Trading, and ETFs and Mutual Funds. Its focus areas include FinTech, Investment Tech, Wealth Management IT and Embedded Investing. Its legal entity is DriveWealth, LLC. Its competitors include Atomic, Eko and UnityPlus; 2 of its 3 listed competitors have raised funding.
Company details
DriveWealth was founded in 2012 in Chatham, United States, as an online platform in the fintech sector. Cloud-based API-embedded investing solutions are offered, including fractional equities trading, autopilot portfolio management tools, AI-managed robo-advisory, HSAs, spare change products, and alternative investments. Digital investment services are enabled for wealth managers. Educational content on finance and investing basics is provided to investors, alongside client onboarding solutions for brokers.
- Headquarters Chatham, United States
- Employees 374
- Founders Robert Cortright
- Stage Unicorn
- SectorsTechnology
- Website category Finance · Investing
- Email••••••••
- Phone•••• ••••
- Website drivewealth.com
- Social LinkedIn X Facebook
- Legal Name Drivewealth, Llc
- Total Equity Funding$541.71M (USD)
in 6 rounds
- Latest Funding Round$450M (USD), Series D
Aug 2021
- InvestorsFTX
& 20 more
- Employee Count374
Products & Services of DriveWealth
DriveWealth offers a comprehensive portfolio of products and services, including API Platform, Fractional Share Investing, Equities Trading, and ETFs and Mutual Funds.
Enables partners to offer securities trading and investing via API.
Allows dollar-based investing in stocks and ETFs for diversification.
Facilitates trading of US equities and OTC securities globally.
Provides access to diverse funds for client financial goals.
Funding Insights of DriveWealth
DriveWealth has successfully raised a total of $541.71M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $450 million completed in August 2021. 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.
- Total Funding $541.71M
- Total Rounds 6
- Last Round Series D — $450M
- First Round $4M
(Mar 2012)
- Investors Count 21
All 6 funding rounds of DriveWealth with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2021 | $450M | Series D | $2.85B | Insight Partners, Accel | |
| Oct 2020 | $56.7M | Series C | – | Point72 Ventures | |
| Nov 2017 | $21.14M | Series B | – | Raptor Group, Point72 Ventures | |
| May 2015 | $5.65M | Series A | – | – | – |
| Apr 2015 | $4.23M | Series A | – | Route 66 Ventures | |
| Mar 2012 | $4M | Seed | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2021 | $2.85B | •••••••• |
Last known valuation $2.9B (Dec 2025). 21 investors in total: 21 institutional.
Investors in DriveWealth
DriveWealth has secured backing from 21 investors, including venture fund and institutional investors. Prominent investors backing the company include FTX, Accel and Fidelity International.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment firm scaling software and technology companies from early to late stages. | insightpartners.com | |||
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Venture capital fund focused on making growth equity investments across tech startups | greyhoundcapital.com | London, United Kingdom | ||
Venture capital investments in technology and startups. | 2016 | visionfund.com | London, United Kingdom | |
Venture capital fund focused on seed to growth stage fintech, deep tech, and enterprise tech companies | p72.vc | New York, United States | ||
Investments are managed by Base10 Partners in technology for the real economy, with operations in finance, food, retail, and related sectors. | base10.vc | |||
Corporate venture capital firm backed by Citi | citi.com/ventures | San Francisco, United States | ||
Investment and strategic support are provided by Raptor Group. | raptorgroup.com | Boston, United States | ||
Early, growth & late stage VC firm investing in the US | route66ventures.com | Alexandria, United States | ||
Venture capital firm focused on fintech companies | mourocapital.com | London, United Kingdom |
Investor details for DriveWealth
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of DriveWealth
126 people are tracked at DriveWealth (47 in leadership, 3 in board & advisors, 76 in team); the tracked headcount is 374.
| Name | Role | Group |
|---|---|---|
Michael Blaugrund | CEO | Leadership |
Kyla Murphy | Chief Product Officer | Leadership |
Venu Palaparthi | COO | Leadership |
Robert Cortright | Founder & CEO | Leadership |
Subroto Dey | Vp-product | Leadership |
Afshin Fallahi | Senior Director, Data Product Management | Leadership |
Kalin Kingsland | Chief Information Security Officer | Leadership |
Edward Yavno | Director, Engineering | Leadership |
Naureen Hassan | Chief Executive Officer | Leadership |
Aaron Sokasian | Chief Technology Officer | Leadership |
Marcus Anthony | Chief Financial Officer | Leadership |
Emily Chardac | Chief People Officer | Leadership |
Kevin Young | VP Of Engineering | Leadership |
Anthony Monteleone | Head Of Technology Service Management | Leadership |
Anthony Ilario | COO | Leadership |
Andrew Sturick | Director Of Engineering - Drivehub Platform | Leadership |
Dhaval D. | Director, Data Platform & Engineering | Leadership |
Robert Corti | Chief Information Officer | Leadership |
Qing Qi | Partner Operating Associate | Leadership |
Serge Sheynkman | Senior Director Of IT Operations/head Of SRE | Leadership |
106 more people are available in the full profile.
Complete people profiles for DriveWealth
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of DriveWealth
4 dated milestones of DriveWealth across 9 years, from founding to its latest funding, stage changes and deals.
- Founded DriveWealth is founded.
- Funding First funding round of $4.0M.
- Funding Latest funding round, Series D, of $450.0M.
- Milestone Reaches Unicorn status.
Competitors of DriveWealth
DriveWealth has 3 listed competitors in our database, 2 of them funded. They include Atomic, Eko and UnityPlus.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| atomic.financial | 2020 | Salt Lake, United States | $84.8M | 89 | Payroll management services are provided to businesses by Atomic. | |
| eko.investments | 2020 | New York, United States | $20,000 | Investment services platform is offered to credit unions and banks. | ||
| unityplus.com | 2023 | Los Angeles, United States | Embedded finance solutions empowering creators and small businesses on platforms. |
Detailed competitors of DriveWealth
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of DriveWealth
The website of DriveWealth (drivewealth.com) receives about 134.3K visits a month and ranks #297,165 among all websites worldwide, #3,156 in Investing.
- Monthly visits134.3K
▲ 13.8% vs previous month
- Unique visitors62.1K
per month
- Global rank#297,165
among all websites
- Category rank#3,156
Finance · Investing
- Bounce rate47%
- Pages per visit2.9
- Average visit1 min 21 sec
- DevicesDesktop 19% · Mobile 81%
Websites whose visitors overlap most with DriveWealth. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
brokercheck.finra.org | brokercheck.finra.org | 100% | – | ||
analisedeacoes.com | analisedeacoes.com | 90% | #546,523 | – | |
| loyal3.com | 84% | 680.7K | View details | ||
| ishares.com | 84% | 2.6M | #31,970 | View details | |
| wallstreetsurvivor.com | 84% | #145,847 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 17 similar websites and full traffic analytics for DriveWealth
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 17 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Investment & Financial Technology
3 companies that operate in the same segment as DriveWealth (Investment & Financial Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.58 B | USD 2.98 B | 4,841 | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | 602 |
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Related news about Drivewealth
Complete news archive for DriveWealth
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about DriveWealth
DriveWealth was founded in 2012.
DriveWealth is headquartered in Chatham, United States. It is registered at Chatham, New Jersey, United States.
Michael Blaugrund is the CEO of DriveWealth, as recorded in our data.
DriveWealth is a funded company, having raised a total of $541.71M across 6 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on Mar 2012.
DriveWealth has 374 employees.
DriveWealth was founded in 2012 in Chatham, United States, as an online platform in the fintech sector. Cloud-based API-embedded investing solutions are offered, including fractional equities trading, autopilot portfolio management tools, AI-managed robo-advisory, HSAs, spare change products, and alternative investments. Digital investment services are enabled for wealth managers. Educational content on finance and investing basics is provided to investors, alongside client onboarding solutions for brokers.
DriveWealth offers API Platform, Fractional Share Investing, Equities Trading, and ETFs and Mutual Funds.
DriveWealth has 21 investors. Key investors include FTX, Accel, Fidelity International, CPP Investments, and Neuberger Berman.
The valuation of DriveWealth is $2.9B as of Dec 2025.
DriveWealth operates through Drivewealth, Llc.
The website of DriveWealth receives about 134 thousand visits a month and ranks #297,165 among all websites worldwide.