Comcast subsidiaries Comcast Ventures and NBCUniversal both invested in the financial management app developer, bringing its valuation up to $860m.

US-based financial savings app developer Acorns has secured $105m in series E funding from investors including Comcast Ventures and NBCUniversal, both subsidiaries of mass media group Comcast, CNBC reported yesterday.

The round valued the company at $860m and also featured Bain Capital Ventures, a subsidiary of private equity firm Bain Capital, as well as BlackRock, Rise Fund, DST Global and MSD Capital.

Acorns has built a mobile app that connects to a user’s bank account and siphons off small amounts…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.