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Public secures $135 million in Series D-2 funding, including equity and debt, to enhance its multi-asset investing platform. With advancements in AI-powered tools like Alpha, the company provides real-time market insights, driving user engagement and portfolio growth. Public aims to empower self-directed investors, capitalizing on generational wealth transfers and expanding its offerings with reliability and innovation at the core.
A Milestone Worth Celebrating
Public recently marked its fifth anniversary with a significant milestone: a $135 million Series D-2 funding round. This new capital includes $105 million in equity financing and $30 million in debt, reinforcing the company’s rapid growth trajectory. Since its launch in 2019, Public has evolved from a social stock trading app into a robust multi-asset investing platform, reflecting years of consistent innovation. The new funding follows a period of substantial company expansion, including the integration of diverse asset classes and cutting-edge portfolio tools.
The Power of a Strategic Partnership
Accel, a long-standing partner in Public’s journey, led the Series D-2 round, continuing its role as a key supporter. Having participated in every funding round since Public’s inception, Accel’s consistent backing underscores its confidence in Public’s mission. Such strategic alliances have played a pivotal role in the company’s ability to scale and adapt to the ever-changing financial landscape.
Transforming Investing with Cutting-Edge AI
Public has integrated advanced AI technologies into its platform, fundamentally enhancing user experience. Alpha, the platform’s AI-powered research agent, is now utilized by over 90% of users. It provides real-time market context, driving actionable insights that result in nearly a quarter of conversations leading to trades within three hours. AI has also taken on many of the roles initially provided by Public’s social features, offering sophisticated tools for portfolio management and market analysis.
Building a Platform for Generational Wealth
A significant driver of Public’s focus is the anticipated $70 trillion wealth transfer by 2045, with $28 trillion expected in stocks and bonds. This shift aligns with a growing preference among digital natives for self-directed investment strategies. Public caters to this demographic by offering intuitive, AI-driven tools that empower users to take control of their portfolios. The company emphasizes financial literacy, providing the resources needed for investors to make informed decisions.
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Scaling Assets with Unprecedented Momentum
Public’s growth in assets under management (AUM) has accelerated dramatically. It now takes less than a year to double AUM, reflecting high customer retention, long lifespans, and increased contributions from both new and existing users. Customers are increasingly consolidating their investments within Public’s platform, benefiting from its comprehensive product offerings and streamlined asset management capabilities.
Reliability That Sets Public Apart
Public places a strong emphasis on platform stability and product innovation. It ships daily improvements and launches a major new product every month. In the past 12 months, the platform experienced only 30 minutes of downtime, significantly outperforming traditional brokerages, which face frequent service disruptions. This dedication to reliability fosters trust and ensures uninterrupted access for investors.
A Mission That Matters
Public’s broader goal is to enable more people to grow their wealth effectively. By developing tools that prioritize user success, Public aligns its growth strategy with fostering financial inclusivity. The company’s platform offers access to diverse asset classes, including equities, bonds, and cryptocurrency, ensuring users have the resources to navigate complex financial markets confidently.
Public Charts a New Era for Digital Investing
Public’s progress illustrates a commitment to redefining how individuals approach investing. By combining advanced technology, strategic partnerships, and a clear vision, it has positioned itself as a leading platform for digital natives and experienced investors alike. Its mission to empower users with reliable tools for wealth building ensures its continued relevance in the evolving financial landscape.
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