DriveWealth Overview

  • Founded
  • 2012
Founded
  • Status
  • Private
  • Employees
  • 214
Employees
  • Latest Deal Type
  • Series D2
  • Latest Deal Amount
  • $735M
Latest Deal Amount
  • Investors
  • 20

DriveWealth General Information

Description

Developer of financial technology systems intended to provide embedded finance and API-driven brokerage infrastructure. The company provides full-stack, cloud-based services for real-time fractional trading, enabling global partners like digital advisors, online brokers, and mobile online financial services companies to access the U.S. equities market and invest in real-time fractional shares on a dollar-equivalent basis.

Contact Information

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Other Financial Services
Other Industries
Financial Software
Brokerage
Primary Office
  • 97 Main Street
  • Chatham, NJ 07928
  • United States
+1 (800) 000-0000

DriveWealth Timeline

2019202020212022
Financing RoundCaptured Employee CountEstimated Employee Growth
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DriveWealth Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Later Stage VC (Series D2) 05-Oct-2021 $735M 00000 00.000 Completed Generating Revenue
5. Later Stage VC (Series C) 30-Jul-2020 000.00 000.00 00000 Completed Generating Revenue
4. Later Stage VC (Series B) 03-Apr-2018 000.00 000.00 000.00 Completed Generating Revenue
3. Early Stage VC (Series A2) 01-Dec-2016 00.00 000.00 000.00 Completed Startup
2. Early Stage VC (Series A) 29-Jun-2015 $4.23M $8.23M 000.00 Completed Startup
1. Angel (individual) $4M $4M Completed Startup
To view DriveWealth’s complete valuation and funding history, request access »

DriveWealth Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series D-2 00,000 00.000000 000000.0 000000.0 00 000000.0 0.000
Series D-1 00,000 00.000000 000000.00 000000.00 00 000000.00 00.000
Series C 00,000 00.000000 00000.00 00000.00 00 00000.00 00.000
Series B 00,000 00.000000 00000.00 00000.00 00 00000.00 00.000
Series A2 0,000 00.000000 00000.00 00000.00 00 00000.00 0.000
Series A1 6,007 $0.010000 $1381.69 $1381.69 1x $1381.69 4.05%
Series A 6,007 $0.010000 $1381.69 $1381.69 1x $1381.69 4.05%
To view DriveWealth’s complete cap table history, request access »

DriveWealth Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Developer of financial technology systems intended to provide embedded finance and API-driven brokerage infrastructure.
Other Financial Services
Chatham, NJ
214 As of 2021
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000000000
Menlo Park, CA
0000 As of 0000
00.000
000 0000-00-00
00000000 00.000

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000000000 00000000
Tokyo, Japan
00 As of 0000
000.00
0000 0000-00-00
00000000000 000.00
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DriveWealth Competitors (23)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Robinhood Markets Formerly VC-backed Menlo Park, CA 0000 00.000 00000000 00.000
000000 Venture Capital-Backed Tokyo, Japan 00 000.00 00000000000 000.00
000000000 Venture Capital-Backed Manchester, United Kingdom 000 000.00 0000000000 0 000.00
00000 Venture Capital-Backed Abu Dhabi, United Arab Emirates 00 000.00 00000000000 000.00
0000000000000 Private Equity-Backed New York, NY 00 000.00 000000000000 000.00
You’re viewing 5 of 23 competitors. Get the full list »

DriveWealth Executive Team (27)

Name Title Board Seat Contact Info
Donato Cuttone Board Member & Chief Executive Officer, DriveWealth Institutional
Robert Cortright Founder, Chief Executive Officer & Board Member
Julie Coin President & Board Member
Michael Dugan Chief Financial Officer & Board Member
Anthony Ilario Chief Operating Officer
You’re viewing 5 of 27 executive team members. Get the full list »

DriveWealth Board Members (16)

Name Representing Role Since
Alex Acree JD Fenway Summer Ventures Board Member 000 0000
Chung Chon DriveWealth Board Member 000 0000
Clifford Friedman Raptor Group Board Member 000 0000
Deven Parekh Insight Partners Board Member 000 0000
Donato Cuttone DriveWealth Board Member & Chief Executive Officer, DriveWealth Institutional 000 0000
You’re viewing 5 of 16 board members. Get the full list »

DriveWealth Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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DriveWealth Investors (20)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Accel Venture Capital Minority 000 0000 000000 0
Alameda Research Ventures Venture Capital Minority 000 0000 000000 0
Base10 Partners Venture Capital Minority 000 0000 000000 0
Citi Ventures Corporate Venture Capital Minority 000 0000 000000 0
FlightDeck Venture Capital Minority 000 0000 000000 0
You’re viewing 5 of 20 investors. Get the full list »

DriveWealth Investments & Acquisitions (3)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
000000 000000 07-Feb-2022 0000000000 Financial Software 000000 00
0000 0000 22-Sep-2021 00000 0000 0000 Financial Software
Cuttone & Company 14-Jan-2021 Merger/Acquisition Brokerage 000000 00
To view DriveWealth’s complete investments and acquisitions history, request access »

DriveWealth Subsidiaries (1)

Company Name Industry Location Founded
0000000 & 0000000 Financing Advisory New York, NY 0000
To view DriveWealth’s complete subsidiaries history, request access »