.
MergerLinks Header Logo

Announced

Completed

TPG Capital led a $300m Series F round in Acorns.

Financials

Edit Data
Transaction Value£228m
Consideration TypeCash
Capital Owned-
Capital Bid For16%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

Edit

Tags

Edit

FinTech

financial technology

United States

Acquisition

Domestic

Minority

Private

Private Equity

Completed

Friendly

Single Bidder

fintech

Synopsis

Edit

TPG Capital, a private equity firm, led a $300m Series F round in Acorns, an Irvine, California-based FinTech startup, with participation from Bain Capital, BlackRock, Galaxy Digital and Thirty Five Ventures. Acorns specializes in micro-investing and robo-investing. Following the transaction, the savings and investing app is valued at $1.9bn, more than double its last valuation, according to Acorns CEO Noah Kerner.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US