Cooley LLP advised M1 Finance on the deal.
M1 Finance announced its $150 million Series E financing, which brings the Chicago-based personal finance platform’s valuation to $1.45 billion.
SoftBank Vision Fund 2 led the round, which included participation from existing investors. M1 has seen record growth, capturing the attention of influential investors who believe in its mission and potential. Having raised a Series B, C and D in just the past 12 months, the company’s total funding is now more than $300 million, while its total assets under management are more than $4.5 billion. The new capital will allow M1 to focus on delivering an optimal client experience through new products and features, platform innovation, enhanced customer service and hiring top talent to realize its mission.
M1 helps people manage and grow their money with control and automation, empowering hundreds of thousands of self-directed investors to open accounts and improve their financial well-being through investing, digital checking and portfolio lines of credit.
Derek Colla (Picture) and Sam Lipson led the Cooley team advising M1, which offers automated investing, borrowing and banking products. It also included Angel Nwachukwu, Jeff Tolin, Ken Juster, Megan Browdie, Dillon Martinson, Rebecca Ross and Karen Tsai.
Involved fees earner: Megan Browdie – Cooley LLP; Derek Colla – Cooley LLP; Kenneth Juster – Cooley LLP; Samuel Lipson – Cooley LLP; Dillon Martinson – Cooley LLP; Angel Nwachukwu – Cooley LLP; Rebecca Ross – Cooley LLP; Jeffrey Tolin – Cooley LLP; Karen Tsai – Cooley LLP;
Law Firms: Cooley LLP;
Clients: M1 Finance;