Deals
SoftBank-Backed DriveWealth Gets Insight, Accel Funding at $2.85 Billion Value
- Insight, Accel lead funding for Robinhood-competing business
- SoftBank-backed startup offers fractional trading technology
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DriveWealth, a financial technology company that helps companies build competitors to Robinhood Markets Inc., said it has raised $450 million in a funding round at a sharply elevated valuation from a year ago.
The round values the company at about $2.85 billion and will be led by Insight Partners and Accel.