Business Insider reported the round, which is still not officially confirmed and still in the swings of finalising. It will likely hurtle Public.com to a $1.2 billion post-money valuation. That’s quadruple what its valuation has sat at these past two months.
Public.com’s management might consider raising even more capital, Business Insider’s sources claim.
The fintech’s December 2020 Series C attracted a significantly lesser $65 million in investments. Existing investor Accel, which led this round, is also understood to be part of Public.com’s mega $200 million round.