Copper Banking

About

Copper is an all-digital bank built specifically for teenagers to teach them in making smart financial decisions.

Seattle,Washington,United States
11 - 50
https://getcopper.com/

Highlights

Details

Last Funding Type: Series A
Last Funding Money Raised: $29M
Industries: EdTech,Financial Services,FinTech
Founded date: Apr 8, 2019
Number Of Employee: 11 - 50
Operating Status: Active
Legal Name: Next Financial, Inc dba Copper
Also Known As: Copper

Copper Banking was founded with the mission to help teens gain real world experience by giving them access to their money in a way that traditional banks aren’t able to do. The Copper app and debit card teaches teens how to make smart financial decisions by creating a platform for parents and teens to connect. With the Copper app, you get easy snapshots of your accounts and, with the Copper Debit Card, it's easy to shop in-store, online or with Apple or Google Pay. PLUS, users get exclusive access to engaging content curated by a team of financial literacy experts who provide advice and tips on how to take control of their financial future.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

3

$42.30M

Copper Banking has raised a total of $42.30M in funding over 2 rounds. Their latest funding was raised on Apr 26, 2022 from a Series A round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Apr 26, 2022	Series A	$29M	5	Fiat Ventures	—	Detail
Oct 6, 2021	Seed	$9M	9	PSL Ventures	—	Detail
Aug 25, 2020	Seed	$4.30M	5	PSL Ventures	—	Detail

Investments

Number of Investments

Number of Lead Investments

4

0

Copper Banking has made 4 investments. Their most recent investment was on Oct 4, 2016, when Zoox raised $250M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Oct 4, 2016 Zoox	Series A	$250M	Autonomous Vehicles	—
Feb 11, 2015 Jet	Series B	$140M	E-Commerce	—
Jul 29, 2014 Jet	Series A	$55M	E-Commerce	—
Aug 14, 2012 OrderAhead	Seed	$2.50M	E-Commerce	—

Investors

Number of Lead Investors

Number of Investors

3

17

Copper Banking is funded by 17 investors. Fiat Ventures and PSL Ventures are the most recent investors.

Investor Name	Lead Investor	Funding Round
Fiat Ventures	Yes	Series A
PSL Ventures	Yes	Seed
Alumni Ventures	—	Series A
Insight Partners	—	Series A
Invesco Private Capital	—	Series A
Panoramic Ventures	—	Series A
Arnold Venture Group	—	Seed
Clocktower Technology Ventures	—	Seed
Index Ventures	—	Seed
Launchpad Capital	—	Seed