Acorns - About the company
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, Tranako and Remynt.
Sectors and market segments that Acorns operate in
Acorns serves in the FinTech market segments.The primary business model of Acorns is: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
Post Money Valuation
$1.9B as on Mar 09, 2022
Investors
Ranked
1st among 8 active competitors
Employee Count
587 as on May 31, 2026
Legal entities associated with Acorns
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 | €1M - €10M (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) | - |
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Acorns's funding and investors
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
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 09, 2022 | $300M | Series F | $1.9B | - | ||
Aug 20, 2019 | Undisclosed | Angel | $860M | - | - | |
Jan 25, 2019 | $180M | Series E | $860M | - |
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Acorns' founders and board of directors
Founder? Claim ProfileThe 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, Mark Dru, Hugh Tamassia, Jim Caccavo, Jeff Cruttenden, Noah Kerner, Mathias Schilling, Debbie Markowitz, Patrick Carey, Mike Sekits, Jeff Sippel, Jay Fishman, Gabrielle Sulzberger, James Caccavo and Manning Field are independent board members.Here is the list of Acorns' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 7y 4m | |
Independent board member | - | Current | 13y 1m | |
Independent board member | - | Current | 13y 1m | |
Independent board member | - | Current | 7y 4m | |
Independent board member | - | Current | 11y 2m | |
Independent board member | - | Current | 13y 1m | |
Independent board member | - | Current | 10y 2m | |
Independent board member | - | Current | 11y 2m | |
Independent board member | - | Current | 7y 4m | |
Independent board member | - | Current | 10y 2m | |
Independent board member | - | Current | 11y 2m | |
Independent board member | - | Current | 7y 4m | |
Independent board member | - | Current | 12y 3m | |
Independent board member | - | Current | 7y 4m | |
Independent board member | - | Current | 12y 3m | |
Independent board member | - | Current | 7y 4m |
View details of Acorns's Founder profiles and Board Members
Acorns' employee count trend
Acorns has 587 employees as of May 26. Here is Acorns's employee count trend over the years:
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Acorns's Competitors and alternates
Top competitors of Acorns include Grifin, Tranako and Remynt. Here is the list of Top 10 competitors of Acorns, ranked by Tracxn score:
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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 | 78/100 | |
2nd |  Grifin 2016, Tampa (United States), Series A | Provider of an investment platform that enables stock purchases through everyday spending | $22M | 64/100 | |
3rd | Automated spare change investment platform | $26.4M | 38/100 | ||
4th | Remynt 2022, San Francisco (United States), Seed | Provider of debt resolution and credit rebuilding services | $100K | 32/100 | |
5th |  SpareChange 2024, New York City (United States), Seed | Platform for managing spare change with tax-effective philanthropy solutions | $500K | 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 | Mondo Financial 2015, San Francisco (United States), Deadpooled | An automated savings and investment app | - | - | 15/100 |
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Acorns's Investments and acquisitions
Acorns has made 2 investments in companies including Bitmo and Metadata. Acorns has also acquired 4 companies including EarlyBird and Pillar.Here is the list of investments & acquisitions:Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
May 16, 2025 | Acquisition | 2019 | Brooklyn (United States) | |
Apr 07, 2021 | Acquisition | 2018 | New York City (United States) | |
Mar 2021 | Acquisition | 2017 | New York City (United States) |
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Reports related to Acorns
Here is the latest report on Acorns's sector:
News related to Acorns
Filter this listMedia has covered Acorns for a total of 15 events in the last 1 year, 6 of them have been about company updates and 1 about people movement.
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Barclays PLC to Acquire Junior Money Management App GoHenry LtdShareprices•Jun 12, 2026•gohenry, Acorns, Barclays, BNP Paribas and 6 others
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Acorns Advisers LLC Acquires 2,030 Shares of Tesla, Inc. $TSLAMarketBeat•Mar 13, 2026•Acorns, Tesla, Plum Street Advisors
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Tesoro XP Secures $5.4M Seed Round to Develop Retail-Funded Rewards Platform for Free-to-Play GamesPR Newswire•Jan 06, 2026•Tesoro, Atlas Earth, Acorns, MediaTech Ventures and 1 other
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Beacon Pointe Advisors LLC Acquires 8,529 Shares of Tesla, Inc. $TSLAMarketBeat•Dec 02, 2025•Beacon Pointe, Tesla, Acorns, Guggenheim Investments and 22 others
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