Public.com, a social-focused free stock trading service, is nearing the close of a Series D just two months after raising a $65m Series C. According to Business Insider, the San Francisco-based fintech company is raising $200m at a $1.2b valuation in a round led by Tiger Global Management.
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Robinhood’s pain is Public’s gain as VCs rush to give it more money
Co-founder Leif Abraham told TC’s Alex Wilhelm in December that the company’s growth has been consistent instead of lumpy, expanding at around 30% each month. The co-founder also stressed that most of Public’s users find its service organically, implying that the startup’s marketing costs have not been extreme, nor its growth artificially boosted.
