When was Acorns founded?

Acorns was founded in 2012 and became a unicorn in 2019.

Where is Acorns located?

Acorns is headquartered in Irvine, United States. It is registered at New Haven, Connecticut.

Which legal entities is Acorns associated with?

Acorns is associated with ACORNS and 3 others.

How many employees does Acorns have?

As of Mar 31, 2026, the latest employee count at Acorns is 585.

Is Acorns a funded company?

Acorns is a funded company, having raised a total of $588M across 11 funding rounds to date. The company's 1st funding round was a $1.15M Seed round, raised on Oct 19, 2012.

How much is Acorns worth?

The latest valuation of Acorns is $1.9B as of Mar 09, 2022.

When was the latest funding round of Acorns?

Acorns' latest funding was a $300M Series F round on Mar 09, 2022, with participation from 11 investors.

Is Acorns a Investment Tech company?

The primary sector of Acorns is Investment Tech.

Where does Acorns rank among its competitors?

Acorns ranks 1st amongst 8 active competitors, of which 5 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Grifin, which secured $11M in Jun, 2025.

Who are the top competitors of Acorns?

Acorns' top competitors include Grifin, Remynt and Tranako. Among them, Grifin secured the most recent funding round in June, 2025.

Acorns - 2026 Company Profile, Team, Funding & Competitors

Acorns is a series F company based in Irvine (United States), founded in 2012 by Jeffrey Cruttenden and Mark Dru. It operates as an App-based platform for spare change investment. Acorns has raised $588M in funding from investors like Bain Capital Ventures, The Rise Fund and PayPal, with a current valuation of $1.9B. The company has 8 active competitors, including 5 that are funded. Its top competitors include companies like Grifin, Remynt and Tranako.

Sectors and market segments that Acorns operate in

Acorns serves in the FinTech market segments.The primary business model of Acorns is:

FinTech > Investment Tech > ***** **** > ***** ******

Company Details

App-based platform for spare change investment. The company allows users to collect spare change from everyday transactions. It rounds off the user's transactions to the nearest dollar and invests it. It also gives customers discretion over the type of portfolio they want to create, with five alternatives to pick from. It also provides money-saving education tools.

Website: www.acorns.com/
Social
Email ID: *****@acorns.com
Phone Number: +1 **********
Registered Address: New Haven, Connecticut

Key Metrics

Founded Year

2012

Location

Irvine, United States

Stage

Series F

Total Funding

$588M in 11 rounds

Latest Funding Round

Series F, Mar 09, 2022, $300M

Post Money Valuation

$1.9B as on Mar 09, 2022

Investors

Bain Capital Ventures & 70 more

Ranked

1^st among 8 active competitors

Employee Count

585 as on Mar 31, 2026

Investment & Acquisitions

EarlyBird & 6 more

Similar Companies

Grifin & 61 more

View Acorns' full profile

Acorns is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
ACORNS CIN: 40203408445 , Latvia, Active	Jun 21, 2022	$9.07M (As on Dec 31, 2024)	1 (As on Dec 31, 2023)	-
ACORNS ADVISERS, LLC CIN: 5217263 , United States, Active	Sep 23, 2012	-	243 (As on Dec 31, 2020)	-
ACORN INVESTORS, LLC CIN: 61561404 , United States, Active	Dec 26, 999	-	20 (As on Dec 31, 2024)	-
ACORNS GROW, INC. CIN: 454766397 , United States, Active	Dec 31, 2013	-	303 (As on Dec 31, 2024)	-

Acorns has raised a total funding of $588M over 11 rounds. Its first funding round was on Oct 19, 2012. Its latest funding round was a Series F round on Mar 09, 2022 for $300M. 11 investors participated in its latest round. Acorns has 70 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Acorns:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 09, 2022	$300M	Series F	$1.9B	-	TPG	BlackRock, Bain Capital Ventures, Galaxy, 35V, Torch Capital, Greycroft, Owl Rock Capital, Senator Investment Group, Industry Ventures, Headline
Aug 20, 2019	Undisclosed	Angel	$860M	-	jennifer 20lopez, Alex Rodiguez	-
Jan 25, 2019	$180M	Series E	$860M	-	Comcast Ventures, NBCUniversal, Bain Capital Ventures, BlackRock, MSD Capital, The Rise Fund	Bain Capital, TPG

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View details of Acorns's funding rounds and investors

The founders of Acorns are Jeffrey Cruttenden and Mark Dru.

Here are the details of Acorns' key team members:

Jeffrey Cruttenden: Co-Founder of Acorns and founder of 1 other company. They are also an angel investor in 6 startups.
Mark Dru: Co-founder of Acorns and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 1 email address

Acorns' Board of Directors

Acorns's board has 16 active members. Adam Nash, Walter Cruttenden, Noah Kerner, Mark Dru, Hugh Tamassia, Jim Caccavo, Jeff Cruttenden, Mathias Schilling, Mike Sekits, Debbie Markowitz, Jeff Sippel, Patrick Carey, Gabrielle Sulzberger, Jay Fishman, James Caccavo and Manning Field are independent board members.

Here is the list of Acorns' board of directors:

Name	Type	Representing	Status	Duration
Adam Nash	Independent board member	-	Current	7y 0m
Walter Cruttenden	Independent board member	-	Current	12y 9m
Noah Kerner	Independent board member	-	Current	9y 10m
Mark Dru	Independent board member	-	Current	12y 9m
Hugh Tamassia	Independent board member	-	Current	7y 0m
Jim Caccavo	Independent board member	-	Current	10y 10m
Jeff Cruttenden	Independent board member	-	Current	12y 9m
Mathias Schilling	Independent board member	-	Current	10y 10m
Mike Sekits	Independent board member	-	Current	10y 10m
Debbie Markowitz	Independent board member	-	Current	7y 0m
Jeff Sippel	Independent board member	-	Current	7y 0m
Patrick Carey	Independent board member	-	Current	9y 10m
Gabrielle Sulzberger	Independent board member	-	Current	7y 0m
Jay Fishman	Independent board member	-	Current	11y 11m
James Caccavo	Independent board member	-	Current	11y 11m
Manning Field	Independent board member	-	Current	7y 0m

View details of Acorns's Founder profiles and Board Members

Acorns' employee count trend

Acorns has 585 employees as of Mar 26. Here is Acorns's employee count trend over the years:

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Top competitors of Acorns include Grifin, Remynt and Tranako. Here is the list of Top 10 competitors of Acorns, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Acorns 2012, Irvine (United States), Series F	App-based platform for spare change investment	$588M	Kaplan Group Investments, Owl Rock & 69 others	78/100
2nd	Grifin 2016, Tampa (United States), Series A	Provider of an investment platform that enables stock purchases through everyday spending	$22M	TTV Capital, Nava Ventures & 13 others	59/100
3rd	Remynt 2022, San Francisco (United States), Seed	Provider of debt resolution and credit rebuilding services	$100K	Commerce Ventures, Visa & 4 others	37/100
4th	Tranako 2016, Tokyo (Japan), Series A	Automated spare change investment platform	$26.4M	JIC Venture Growth Investments, Ibis Capital Partners ... & 2 others	37/100
5th	SpareChange 2024, New York City (United States), Seed	Platform for managing spare change with tax-effective philanthropy solutions	$500K	Y Combinator	24/100
6th	Tip Yourself 2015, Chicago (United States), Unfunded	Access your earned wages early, avoid overdrafts, and save automatically	-	-	24/100
7th	Invest Balance 2016, California City (United States), Unfunded	Online micro-investment management platform	-	-	16/100
8th	PennyProfit 2014, Herriman (United States), Unfunded	Spare change savings management platform for individuals	-	-	16/100
9th	Seedly 2015, Santa Monica (United States), Acqui-Hired	App for investing micro savings into startups.	-	-	16/100
10th	Midas Metals 2019, Las Vegas (United States), Deadpooled	Micro saving and investment platform	-	-	15/100

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Acorns has made 2 investments in companies including Bitmo and Metadata. Acorns has also acquired 5 companies including EarlyBird and gohenry.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
May 16, 2025	Acquisition	EarlyBird	2019	Brooklyn (United States)
Apr 03, 2023	Acquisition	gohenry	2012	New York City (United States)
Apr 07, 2021	Acquisition	Pillar	2018	New York City (United States)