COMPANY INFO
The Charles Schwab Corporation, founded in 1971 by Charles R. Schwab, is a leading American multinational financial services company headquartered in Westlake, Texas. With approximately 32,100 employees as of 2024, the company operates in the financial services industry, offering a full range of brokerage, banking, investing, and wealth management services to retail and institutional clients through its website www.schwab.com. The company pioneered discount brokerage services and continues to focus on helping clients take ownership of their financial futures by providing modern, client-first investment and banking solutions.
Charles Schwab Corporation, founded in 1971 by Charles R. Schwab, is a leading American multinational financial services company headquartered in Westlake, Texas. Operating in the financial services industry, Charles Schwab Corporation offers a comprehensive suite of brokerage, banking, investing, and wealth management services to both retail and institutional clients. The company is recognized as a pioneer in discount brokerage services and remains committed to helping individuals and institutions achieve financial independence through client-focused investment and banking solutions. As of 2024, Charles Schwab Corporation employs approximately 32,100 people and serves millions of customers around the world.
Charles Schwab Corporation funding history reflects the company’s status as a major, well-established entity in the financial services industry, with limited reliance on private venture capital. The company’s funding approach includes a mix of early-stage institutional investment, growth capital, and significant activity in public markets following its IPO. In total, Charles Schwab Corporation has publicly reported three funding rounds: an early Series A round in 1999 (undisclosed amount), a $6.18M Series B round in 2010, and a $13.1B Post-IPO Secondary offering in 2025. The company’s latest major milestone involved a sizeable secondary offering by an affiliate of The Toronto-Dominion Bank, reflecting Charles Schwab’s ongoing strategic flexibility, broad investor appeal, and access to capital through public market and institutional channels. Overall, Charles Schwab funding rounds demonstrate a traditional funding trajectory for a public financial services firm, with a strong emphasis on tailored investment, operational growth, and shareholder liquidity.
This Post-IPO Secondary offering was executed by an affiliate of The Toronto-Dominion Bank to sell its equity stake in Charles Schwab Corporation. The transaction reflected strategic rebalancing for the affiliate and provided additional float and liquidity in the public markets.
Charles Schwab Corporation raised $6.18 million in its Series B funding round, led by KVG Partners and Talon Asset Management. The funds were directed towards supporting growth initiatives and expansion of the company’s services and geographic reach.
In 1999, Charles Schwab Corporation completed its Series A funding round (undisclosed amount), enabling early-stage investment and contributing to organizational scaling and market positioning. The round was led by AirTree and helped lay the foundation for Schwab’s technological and operational capabilities.
KVG Partners is an institutional investment firm that played a leading role in Charles Schwab Corporation's Series B funding round. Their involvement provided crucial growth capital and underscored investor confidence in Schwab’s business model and expansion potential.
Talon Asset Management participated in the Series B round, supplying additional financial support for Schwab’s expansion. As an established asset management firm, Talon’s investment signified strong backing for Charles Schwab’s ongoing initiatives.
An affiliate of The Toronto-Dominion Bank was responsible for the Post-IPO Secondary offering, selling a significant equity stake and contributing to Charles Schwab’s shareholder liquidity and capital strategy in the public markets.
AirTree was a leading investor in the Series A round, providing early backing that supported Charles Schwab Corporation’s formative growth and technological development.
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