Multi-asset investment platform Public completes $135 million D-2 round of financing, led by Accel

Public, a multi-asset investment platform, announced the completion of a $135 million Series D-2 round of financing, including $105 million in equity financing and $30 million in debt financing, led by Accel. Since its launch in 2019, Public has grown from a "social stock trading app" to a comprehensive investment platform supporting five major asset classes (including cryptocurrencies), with a profitable core brokerage business and billions of dollars in deposits per year. Its AI assistant Alpha is used by more than 90% of users, facilitating a quarter of interactions to complete transactions within 3 hours, and the average user profit has increased for three consecutive years. The company plans to expand to more asset classes and AI functions.