Capital One Investing has raised $75 million in a Series C funding round, with investment from Capital One Ventures and Citi Ventures. The funding comes on the heels of the Series C funding round last October, which brought in $75 million for the digital investment platform.
The new funding will be used to enhance the product offerings of Capital One Investing, including adding more investment options and improving the user experience. Capital One Investing has been growing rapidly in recent years, as more investors turn to digital platforms for their investment needs.
Capital One Investing is competing with other digital investment platforms, including Chase's You Invest and Robinhood. Capital One vs. Chase: Quick Take shows that both platforms offer commission-free trades, but Capital One Investing has a wider range of investment options, including mutual funds and ETFs.
Investors looking to get more from their money can choose a high-interest savings, checking, CD, or investing account from Capital One's list of top options. The company also offers a mobile app for easy access to account information and trading.
In trading on Wednesday, shares of Capital One Financial Corp (NYSE: COF) were up 1.7%. The stock has been performing well in recent months, as investors look for opportunities in the financial sector. BNK Invest caters to investing firms and individual investors looking for news and analysis on specific stocks.
One way to tap into the improving sentiment towards banks and the financial sector is through ETFs. Discover Financial (NYSE: DFS) and Capital One (NYSE: COF) are two of the largest holdings in the Financial Select Sector SPDR Fund (XLF), which tracks the performance of financial stocks in the S&P 500.
Capital One Ventures is also investing in female entrepreneurs, with events like the Female Founders Forum. CEO Jennifer Piepszak said in a recent interview, "We bring everybody together for one day in a big forum. On March 3, we had the Female Founders Forum for 350 women from the Southeast. What are the challenges they're facing? What are the successes they're having?"
Investors looking for exposure to agriculture can consider Swiss asset manager INOKS Capital, which has invested more than $7 billion in the sector. "As agriculture is one of our main sectors we're investing in, we have a lot of insight into where the sector is going," said CEO John Doe.
March 2021 marked the one-year anniversary of the first Covid-19 lockdowns, which sent shockwaves through the global economy. For investors, particularly those in the capital-hungry world of startups, the past year has been challenging. But some companies have thrived, as investors seek out opportunities in new industries and technologies.
One ETF that has performed well in recent years is the Vanguard Total World Stock ETF (VT). It has amassed assets over $8.29 billion, making it one of the largest ETFs in the world. Investors should also pay attention to an ETF's expense ratio, as higher fees can eat into returns over time.
In addition, a record-high 74 venture capital firms funded local tech startups in the first quarter of 2021, according to a report from PitchBook. Those venture funds comprise one-quarter of the 300 firms that invest in local startups, and represent a growing trend towards investing in new technologies and ideas.
