The competition to build the dominant retail investor trading platform is heating up. And it might just be the very beginning of what’s to come.
What’s happening:
- Public has raised $135M USD in a new Series D extension round
- The new financing round was led by Accel
Why it matters:
- Public has attracted some of the most notable venture capitalists and angel investors in the world, including Accel, Tiger Global, The Chainsmokers, Scott Galloway, Tony Hawk, Will Smith and Casey Neistat
By the numbers:
- Over $300M USD in venture capital funding has been invested into Public since inception
Going deeper:
- Accel has led or co-led every single financing round that Public has done since the inception of the company
- Brokerages and trading platforms have continued to be on the rise, with Robinhood (NASDAQ: HOOD) making waves by rolling out new prediction markets for real world events and 24 Exchange recently landing the first ever approval from the United States Securities and Exchange Commission for nonstop trading
The intrigue:
- Public has recently rolled out a new artificial intelligence research platform known as Alpha that provides real time information about markets and stocks and has found that most users place a new trade within three hours of interacting with Alpha
