• DriveWealth, an infrastructure platform offering access to the US securities market, raised USD 450 million in a Series D funding round co-led by Insight Partners and Accel, with participation from several other investors, including Greyhound Capital, Softbank Vision Fund, and Point72 Ventures, among others. The round values the company at USD 2.85 billion and brings Drivewealth’s total funds raised to USD 551 million.

<ul><li>The funding comes a month after Drivewealth was rumored to raise up to USD 400 million in a Series D funding round led by SoftBank and Insight Partners. Moreover, Drivewealth last raised funding less than a year ago when it raised USD 56.7 million in Series C funding in October 2020.<ul>

• The newly raised funds will be used in product and service expansions, recruitment, and technology innovations, as well as in launching self-clearing while entering strategic acquisitions and partnerships.