DriveWealth Overview
- Founded
-
2012
- Status
-
Private
- Employees
-
302
- Latest Deal Type
-
2ndary - Private
- Investors
-
21
DriveWealth General Information
Description
Developer of financial technology systems designed 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
Website
www.drivewealth.com
Formerly Known As
MySolomeo Holdings LLC, MySolomeo Holdings, MySolomeo Holdings Limited Liability Company, DriveWealth Holdings Limited Liability Company, MySolomeo Holdings LLC., DriveWealth Holdings LLC
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Financial Software
Other Industries
Brokerage
Other Financial Services
Primary Office
- 15 Exchange Place
- Jersey City, NJ 07302
- United States
+1 (800) 000-0000
DriveWealth Timeline
DriveWealth Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 7. Secondary Transaction - Private | 00000 | Completed | Generating Revenue | |||
| 6. Later Stage VC (Series D2) | 05-Oct-2021 | 00000 | 00000 | 00.00 | Completed | Generating Revenue |
| 5. Later Stage VC (Series C) | 07-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. Seed Round | $4M | $4M | Completed | Startup |
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 | 00.000 | |
| 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 | 5.31% | |
| Series A | 6,007 | $0.010000 | $1381.69 | $1381.69 | 1x | $1381.69 | 5.31% |
DriveWealth Comparisons
Description
Primary
Industry
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Financing
Details
Developer of financial technology systems designed to provide embedded finance and API-driven brokerage infrastructure.
Financial Software
Jersey City, NJ
302
As of 2023
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000000000 00000000
Hayward, CA
000
As of 0000
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0000
0000-00-00
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0000 0
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000000000 00000000
Dallas, TX
000
As of 0000
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Add Comparison
DriveWealth Competitors (26)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Alpaca | Venture Capital-Backed | Hayward, CA | 000 | 00000 | 00000000000 | 00000 |
| 0000 00000000 | Private Equity-Backed | Dallas, TX | 000 | 000000000 | ||
| 000000000 (0000000 | Formerly VC-backed | Menlo Park, CA | 0000 | 00.000 | 000000&0 | |
| 0000000000000 | Private Equity-Backed | New York, NY | 00 | 000.00 | 000000000000 | 000.00 |
| 00000 | Venture Capital-Backed | Dubai, United Arab Emirates | 00 | 000.00 | 00000000000 | 000.00 |
DriveWealth Executive Team (32)
DriveWealth Board Members (16)
| Name | Representing | Role | Since |
|---|---|---|---|
| Alex Acree JD | Fenway Summer | 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 |
DriveWealth Signals
Growth Rate
0.80%
Weekly
Growth
Growth
Weekly Growth
0.80%, 93rd %
-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
DriveWealth Investors (21)
| 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 | |
| Amir Kabir | Angel (individual) | Minority | 000 0000 | 000000 0 | |
| Base10 Partners | Venture Capital | Minority | 000 0000 | 000000 0 | |
| Citi Ventures | Corporate Venture Capital | Minority | 000 0000 | 000000 0 |
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 |
DriveWealth Subsidiaries (1)
| Company Name | Industry | Location | Founded |
|---|---|---|---|
| 0000000 & 0000000 | Financing Advisory | New York, NY | 0000 |