Drivewealth
Jersey City, US · Delaware corporation · 372 employees on LinkedIn · 8 known investors
Find your way into Drivewealth
191 people in our graph share verified history with the Drivewealth team — schools, employers, funds. One of them is your warm intro.
Joseph R. Savianounlockedknows Michael Dugan · together at Lehigh University
×11knows the team · via Lehigh University
DriveWealth offers an API-based Brokerage-as-a-Service platform that lets banks, broker-dealers, asset managers, digital wallet providers, and consumer brands embed securities trading and investing for their end clients. It provides access to US equities, ETFs, mutual funds, fixed income, and options, including fractional share investing, across the US, Latin America, EMEA, and APAC.</parameter> <parameter name="founders">[]
Founders & leadership
RC
Robert CortrightinFounder · CEO2012–2023He has experience in financial services across securities trading, risk management, and trading systems.
MD
Michael DuganinChief Financial Officer2012–2023Michael Dugan held financial leadership roles at Prudential and FX Solutions in the financial services industry. He holds a BS in accounting and finance from Lehigh University, a CPA credential, and CFA and CGMA designations.
Investors · 8
Reported raises · per SEC filings
Form D private placements$830.9M disclosed across 6 rounds · 2013–2022
▶$17.5MraisedFeb 2022 · 4 investors · InvestingRule 506(b)
▶$17.5MraisedFeb 2022 · 4 investors · Investing
Rule 506(b)Officers, directors & promoters on the filing
- Matthew WeiglandDirector
- Deven ParekhDirector
- Richard Shriner IIIDirector
- Robert S. CortrightExecutive Officer, Director
- Michael J. DuganExecutive Officer
- Offering amount
- $17.5M
- Amount sold
- $17.5M
- First sale
- Jan 2022
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$735.3MraisedOct 2021 · 19 investors · InvestingRule 506(b)
▶$735.3MraisedOct 2021 · 19 investors · Investing
Rule 506(b)Officers, directors & promoters on the filing
- Matthew WiegandDirector
- Michael J. DuganExecutive Officer
- Richard Shriner IIIDirector
- Julie CoinExecutive Officer, Director
- Robert S. CortrightExecutive Officer, Director
- Deven ParekhDirector
- Donato CuttoneExecutive Officer
- Offering amount
- $735.3M
- Amount sold
- $735.3M
- Sales commissions
- $26.6M
- Placement agents
- GCA Advisors, LLC
- First sale
- Sep 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$47.1MraisedJul 2020 · 15 investors · InvestingRule 506(b)
▶$47.1MraisedJul 2020 · 15 investors · Investing
Rule 506(b)Officers, directors & promoters on the filing
- Michael J. DuganExecutive Officer
- Peter MonacoDirector
- Richard Shriner IIIDirector
- Robert S. CortrightExecutive Officer, Director
- Donato CuttoneDirector
- Julie CoinExecutive Officer, Director
- George Pat Wilson IVDirector
- Chung Sok ChonDirector
- Offering amount
- $59.8M
- Amount sold
- $47.1M
- First sale
- Jul 2020
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$21.1MraisedDec 2017 · 17 investors · InvestingRule 506(b)
▶$21.1MraisedDec 2017 · 17 investors · Investing
Rule 506(b)Officers, directors & promoters on the filing
- Chung Sok ChonDirector
- V. Michael FitzgeraldDirector
- Robert S CortrightExecutive Officer, Director
- Michael J DuganExecutive Officer, Director
- Clifford FriedmanDirector
- Daniel Dall'AstaDirector
- Offering amount
- $24.9M
- Amount sold
- $21.1M
- Sales commissions
- $1.5M
- Placement agents
- Credit Suisse Securities (USA) LLC
- First sale
- Nov 2017
- Incorporated
- Corporation, Delaware, 2015
- Federal exemptions
- 06b
▶$4.2MraisedMay 2015 · 6 investors · Other Banking and Financial ServicesRule 506(b)
▶$4.2MraisedMay 2015 · 6 investors · Other Banking and Financial Services
Rule 506(b)Officers, directors & promoters on the filing
- Robert CortrightExecutive Officer, Director
- Michael DuganExecutive Officer, Director
- Offering amount
- $6.2M
- Amount sold
- $4.2M
- First sale
- Apr 2015
- Incorporated
- Corporation, Delaware, 2015
- Federal exemptions
- 06b
▶$5.6MraisedMay 2015 · 33 investors · InvestingRule 506(b)
▶$5.6MraisedMay 2015 · 33 investors · Investing
Rule 506(b)Officers, directors & promoters on the filing
- Michael J DuganExecutive Officer, Director
- Robert S CortrightExecutive Officer, Director
- Amount sold
- $5.6M
- Minimum investment
- $25K
- Sales commissions
- $350K
- Proceeds to insiders
- $1.2M
- Placement agents
- Scura Paley Securities LLC
- First sale
- Feb 2013
- Incorporated
- Corporation, Delaware, 2015
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Founder mafia
3 people who came through Drivewealth went on to found or lead other companies.
Competitors · 6
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In the news
Frequently asked questions
- What does Drivewealth do?
- DriveWealth offers an API-based Brokerage-as-a-Service platform that lets banks, broker-dealers, asset managers, digital wallet providers, and consumer brands embed securities trading and investing for their end clients. It provides access to US equities, ETFs, mutual funds, fixed income, and options, including fractional share investing, across the US, Latin America, EMEA, and APAC.</parameter> <parameter name="founders">[]
- Who founded Drivewealth?
- Drivewealth was founded by Robert Cortright.
- Who are Drivewealth's investors?
- Drivewealth's investors include Accel, Middlegame Ventures, Mouro Capital, Point72 Ventures, Raptor Group, Route 66 Ventures, SenaHill Partners, SoftBank Vision Fund.
- How much funding has Drivewealth raised?
- Drivewealth has disclosed $830.9M raised across 6 rounds.
- Where is Drivewealth headquartered?
- Drivewealth is headquartered in Jersey City, US.