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Acorns Grow

Irvine, US · Founded 2012 · Delaware corporation · 606 employees on LinkedIn · 25 known investors

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Acorns provides automated investment services that allow users to invest in diversified portfolios of exchange-traded funds (ETFs) composed of stocks and bonds, with options including Bitcoin-linked ETFs. The platform serves individual investors seeking to build wealth through portfolio management tailored to their age, time horizon, and risk tolerance.

Fintech

Founders & leadership

Acorns Grow was founded in 2012 by Jeff Cruttenden and Walter Cruttenden.

JCJeff Cruttenden
Jeff CruttendenFounder
WCWalter Cruttenden
Walter CruttendenFounderWalter Cruttenden co-founded Acorns, a micro-investing platform enabling automated portfolio management through small, frequent investments, alongside his son Jeff Cruttenden. He previously founded and led several financial services companies including Cruttenden Roth (now Roth Capital) and E*Offering, and co-founded SRS Laboratories; he also authored works on history and astronomy and directs the Binary Research Institute.
MDMark Dru
Mark DruFounder
MB
Michael BlochFounder

Board

JC
Jim CaccavoBoard director
JF
Jay FishmanBoard director
MS
Mike SekitsBoard director

Investors · 25

Ansa Capitallisted by Ansa CapitalNew York · $5M – $15M

How we know: the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

Bain Capital Ventureslisted by Bain Capital VenturesBoston · $1M – $100M

How we know: baincapitalventures.com · open dataset · 5k.vc investor directory · Not right? Tell us

Black Jays Ventureslisted by Black Jays VenturesNew York · $250K – $500K
Comcast Ventureslisted by Comcast VenturesNew York · $2M – $15M

How we know: Comcast Ventures's portfolio page · the VCSheet dataset · Not right? Tell us

Connetic Ventureslisted by Connetic VenturesCovington · $250K – $500K

How we know: Connetic Ventures's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us

Declaration Partnerslisted by Declaration PartnersBethesda

How we know: Declaration Partners's portfolio page · Not right? Tell us

Great Oaks Venture Capitallisted by Great Oaks Venture CapitalNew York · $50K – $500K

How we know: Great Oaks Venture Capital's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

Greycroftlisted by GreycroftNew York · $100K – $5M

How we know: Greycroft's portfolio page · Not right? Tell us

HDS Capitallisted by HDS CapitalNew York City

How we know: open dataset · 5k.vc investor directory · Not right? Tell us

Headlinelisted by HeadlineSan Francisco · $1M – $50M

How we know: Headline's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us

Headline Growth Management, LLClisted by Headline Growth Management, LLC

How we know: Headline Growth Management, LLC's portfolio page · Not right? Tell us

Nycalisted by NycaNew York · $2M

How we know: Nyca's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us

Nyca Partnerslisted by Nyca PartnersNew York · $1M – $10M

How we know: Nyca Partners's portfolio page · Not right? Tell us

Point72 Ventureslisted by Point72 VenturesNew York · $1M – $75M

How we know: the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

STS Ventures GmbHlisted by STS Ventures GmbHCologne · $220K – $1.1M

How we know: STS Ventures GmbH's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us

TempoCaplisted by TempoCapLondon

How we know: TempoCap's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us

Torch Capitallisted by Torch CapitalNew York · $750K – $1.5M

How we know: Torch Capital's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

Vintheralisted by Vinthera
Day One VenturesreportedSan Francisco · $100K – $5M

How we know: open dataset · 5k.vc investor directory · Not right? Tell us

Hemisphere Ventures LLCreportedMckinney

How we know: open dataset · 5k.vc investor directory · Not right? Tell us

LaconiareportedNew York · $250K – $1M

How we know: open dataset · 5k.vc investor directory · Not right? Tell us

Rainfall VenturesreportedSan Francisco · $100K – $1M

How we know: the VCSheet dataset · Not right? Tell us

Sound VenturesreportedSanta Monicavia Ashton Kutcher · inferred

How we know: company funding news (hacker news) · the VCSheet dataset · Not right? Tell us

TPGreportedSan Francisco

How we know: press coverage · Not right? Tell us

Reported raises · per SEC filings

Form D private placements

$249.7M disclosed across 5 rounds · 2014–2019

▶$180MraisedFeb 2019 · 11 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Hugh TamassiaExecutive Officer
  • Adam NashDirector
  • Debbie MarkowitzExecutive Officer
  • Noah KernerExecutive Officer, Director
  • Mathias SchillingDirector
  • Gabrielle SulzbergerDirector
  • Walter CruttendenDirector
  • Jay FishmanDirector
  • Manning FieldExecutive Officer
  • Jeff SippelExecutive Officer
Offering amount
$250.2M
Amount sold
$180M
First sale
Jan 2019
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$30MraisedApr 2016 · 15 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Jay FishmanDirector
  • Mathias SchillingDirector
  • Patrick CareyDirector
  • Noah KernerExecutive Officer, Director
  • Walter CruttendenExecutive Officer, Director
Offering amount
$40M
Amount sold
$30M
First sale
Mar 2016
Incorporated
Corporation, Delaware, 2012
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$23MraisedApr 2015 · 74 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Mathias SchillingDirector
  • Mark DruExecutive Officer
  • Mike SekitsDirector
  • Jay FishmanDirector
  • Walter CruttendenExecutive Officer, Director
  • Jeff CruttendenExecutive Officer, Director
Offering amount
$30M
Amount sold
$23M
First sale
Apr 2015
Incorporated
Corporation, Delaware, 2012
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$10.5MraisedApr 2015 · 56 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Jeff CruttendenExecutive Officer, Director
  • Mark DruExecutive Officer
  • Walter CruttendenExecutive Officer, Director
  • Jim CaccavoDirector
  • Jay FishmanDirector
  • Mike SekitsDirector
Offering amount
$10.5M
Amount sold
$10.5M
Sales commissions
$27.5K
Placement agents
Digital Offering LLC
First sale
Sep 2014
Incorporated
Corporation, Delaware, 2012
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$6.2MraisedMar 2014 · 35 investors · Other Technology
Rule 506(c)
Officers, directors & promoters on the filing
  • Jay FishmanDirector
  • Mark DruExecutive Officer
  • Walter CruttendenExecutive Officer, Director
  • James CaccavoDirector
  • Jeff CruttendenExecutive Officer, Director
Offering amount
$6.2M
Amount sold
$6.2M
Sales commissions
$100K
Placement agents
Digital Offering LLC, Euro Pacific Capital, Inc.
First sale
Feb 2014
Incorporated
Corporation, Delaware, 2012
Federal exemptions
06c
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Related companies · 7

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SoFiSoFi Technologies is a digital personal-finance company offering student and personal loans, mortgages, investing, banking and credit cards through one app; it went public on the Nasdaq in 2021 via SPAC.
ExperianExperian offers consumers tools to access their credit report and FICO Score, build credit, and manage money, including credit card matching, bill and subscription negotiation, car insurance comparison, and a digital checking account with debit card. It serves individual U.S. consumers through its app and financial products.
Ramsey SolutionsRamsey Solutions provides personal finance education, tools, and coaching—including the 7 Baby Steps plan, a vetted network of financial service providers (RamseyTrusted), and AI-powered money advice—to help individuals get out of debt and build wealth. The company also produces The Ramsey Show and offers budgeting resources for consumers managing their personal finances.
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Companies working in the same space as Acorns Grow.

In the news

Acorns Found Money – Now Brands Are Investing in Your Futureacorns.com · May 2016Acorns – Rounds up daily purchases and automatically invests themacorns.com · Apr 2016Acorns – Automatically Invest Your Spare Changeacorns.com · Nov 2014Acorns: Invest spare change automatically from everyday purchasesacorns.com · Jun 2014

Frequently asked questions

What does Acorns Grow do?
Acorns provides automated investment services that allow users to invest in diversified portfolios of exchange-traded funds (ETFs) composed of stocks and bonds, with options including Bitcoin-linked ETFs. The platform serves individual investors seeking to build wealth through portfolio management tailored to their age, time horizon, and risk tolerance.
Who founded Acorns Grow?
Acorns Grow was founded by Jeff Cruttenden, Walter Cruttenden in 2012.
Who are Acorns Grow's investors?
Acorns Grow's investors include A-Rod Corp, Ansa Capital, Bain Capital Ventures, Black Jays Ventures, Comcast Ventures, Connetic Ventures, Declaration Partners, Great Oaks Venture Capital and 17 more.
How much funding has Acorns Grow raised?
Acorns Grow has disclosed $249.7M raised across 5 rounds.
Where is Acorns Grow headquartered?
Acorns Grow is headquartered in Irvine, US.