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Public is a community-based investing app that allows investors of all backgrounds to exchange ideas and talk about business and financial news productively.
FREMONT, CA: Public.com, the social investing app backed by Will Smith’s Dreamers VC, NFL star J.J. Watt, bestselling author Sophia Amoruso, and the original investors in Venmo, announced that business professor and entrepreneur Scott Galloway had made a strategic, seven-figure investment in the company.
Galloway has been outspoken with his views on the democratization of investing, calling for modern platforms to build responsibly and provide guardrails to protect new investors as they grow their financial literacy. His investment in Public shows his desire to be a part of the solution as America’s investing class continues to widen.
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“The surge of interest in the stock market is a net positive for our economy and our society,” said Scott Galloway, Professor of Marketing at NYU Stern and investor in Public. “Financial literacy grows through the exchange of ideas and information about business strategy. I believe the diverse community that Public is building and focuses on investing vs. gambling creates a healthier ecosystem.”
Public aims to change the culture of investing by making the stock market inclusive, educational, and approachable. It’s fast-growing community of investors share ideas about investments with other users in the app, bringing formerly closed-off conversations into a public forum where people can learn together.
Since its launch, Public has grown its user base at a consistent pace of 160 percent quarter-over-quarter while raising $30 million in funding to-date.
Since launching in September 2019, Public has attracted a strategic group of investors across fin-tech and mainstream business cultures. Galloway joins Greycroft and Accel, the original investors in Venmo, in his backing of the company. Additional investors include Shari Redstone’s Advancit Capital, Will Smith’s Dreamers VC, NFL star J.J. Watt, bestselling author Sophia Amoruso, and Morgan DeBaun, the founder and CEO of Blavity, Inc. Prominent creator Casey Neistat is an advisor to the company.
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