Stockpile, the California-basedprovider of gift cards for company stock, has raised $15m in Series A funding. The round was led by Mayfield and Sequoia Capital.
Stockpile, the company that pioneered gift cards for stock, today announced a $15 million Series A funding round. “Most people have never had an opportunity to own stock in their favorite companies because it’s too expensive and complicated to get started,” said Avi Lele, founder and CEO of Stockpile. “You can’t do anything with $25 at a traditional brokerage. Stockpile removes those barriers by using fractional shares and bringing the stock market to you.” “For the first time ever, you’ll be able to walk into the supermarket and buy a gift card for, say, $25 of Apple stock right off the rack,” Lele said. “Buy it for yourself or as a gift for family and friends. We aim to make investing a delightful experience for all.”