Acorns raises $300M in TPG-led funding round

Saving and investing app Acorns Grow Inc. raised $300 million in a funding round led by TPG Capital LP.

BlackRock Inc., Greycroft LP, Owl Rock Capital Advisors LLC, Senator Investment Group LP, Torch Capital, Industry Ventures LLC, Bain Capital Venture Partners LLC, Headline and Thirty Five Ventures participated in the oversubscribed funding round.

The latest investment brings Acorns' private valuation to nearly $2 billion.

Irvine, Calif.-based Acorns offers consumer finance subscription services across the U.S.