Ensure capital’s wild fintech party is now inviting minors, too.
Greenlight, a startup that contributes debit cards and making an investment for children, has raised a $260 million series d at a valuation of $2.3 billion, nearly doubling the unicorn valuation it obtained in a $215 million fundraise just ultimate september.
Andreessen horowitz led the cutting-edge round, which closed final week, joining traders such as ttv capital and canapi ventures (which co-led greenlight’s collection c), wells Fargo strategic capital, fin vc, owl ventures and liontree companions.
Ceo tim sheehan says the capitalists will go to accelerating marketing to dad and mom and to hiring three hundred extra personnel to build out new capabilities for the app, which tripled sales and clients closing yr. “it’s been a whirlwind. He am sort of blown away through it all, to be honest,” says sheehan, 51. “it feels like 10 years, however it’s been just four.”
Within the first four months of 2021, project capitalists have thrown $26 billion at fintechs throughout greater than 1,000 offers, in comparison to $forty three billion during all of 2020, and just $2 billion a decade ago, in keeping with personal markets research firm pitchbook’s records. Greenlight’s $260 million round is the twenty fifth largest of the 12 months robinhood’s $3.4 billion february financing offering andreessen tops the list, the statistics indicates.
Greenlight pursuits to teach children the fundamentals of private finance, putting them up to construct future wealth. “it’s now not magic,” says sheehan, who directed yahoo finance for the duration of its early dot-com bubble days and has four youngsters of his personal. “it is without a doubt simply records and experience. Almost increasing every unicorn judgment that took in every $215 million fundraise simply latest september.