M1 Finance raises $150M in SoftBank-led Series E, boosts valuation to $1.45B

M1 Finance raises $150M in SoftBank-led Series E, boosts valuation to $1.45B

3 years ago
Anonymous $drS9DEX_Sj

https://techcrunch.com/2021/07/14/m1-finance-raises-150m-in-softbank-led-series-e-boosts-valuation-to-1-45b/

Just over four months after announcing a $75 million Series D, M1 Finance today is announcing a new $150 million Series E round of funding led by SoftBank’s Vision Fund 2.

The financing, which also included participation from existing backers, propels the Chicago-based fintech to unicorn status with a valuation of $1.45 billion. It also marks M1’s fourth funding round in just over a 13-month time frame, and brings its total raised since its mid-2015 inception to over $300 million. Previous investors include Coatue Management, Left Lane Capital, Jump Capital and Clocktower Technology Ventures, among others.  

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