Bank of America

Bank of America is a financial institution, serving individual consumers, small- and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services.

They serve approximately 51 million consumer and small business relationships with approximately 5,300 retail banking offices and approximately 16,350 ATMs and award-winning online banking with 30 million active users and more than 13 million mobile users. It offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries.

Bank of America is a wealth management company specializing in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions, and individuals around the world.

Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange. It was founded in 1998 and is headquartered in Charlotte, North Carolina, United States.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

4

$1.20B

Bank of America has raised a total of $1.20B in funding over 2 rounds. Their latest funding was raised on Jul 28, 2020 from a Post-IPO Equity round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Jul 28, 2020	Post-IPO Equity	$400M	1	Berkshire Hathaway	—	Detail
Jul 23, 2020	Post-IPO Equity	$800M	1	Berkshire Hathaway	—	Detail
Dec 17, 2018	Post-IPO Equity	—	—	—	—	Detail
Jan 13, 1978	IPO	—	—	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

164

60

Bank of America has made 164 investments. Their most recent investment was on Jan 13, 2023, when Taseko Mines raised $25M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Jan 13, 2023 Taseko Mines	Post-IPO Debt	$25M	Mining	Yes
Jan 11, 2023 Xpansiv	Private Equity（PE）	$125M	Financial Services	Yes
Jan 4, 2023 Illumina	Post-IPO Debt	$750M	Biotechnology	Yes
Dec 30, 2022 Trimble	Post-IPO Debt	$1B	Indoor Positioning	Yes
Dec 21, 2022 Taiga Building Products	Post-IPO Debt	$250M	Building Material	—

Investors

Number of Lead Investors

Number of Investors

2

1

Bank of America is funded by 1 investors. Berkshire Hathaway are the most recent investors.

Investor Name	Lead Investor	Funding Round
Berkshire Hathaway	Yes	Post-IPO Equity

Employee Profiles

Number of Employee Profiles

116

Bank of America has 116 current employee profiles, including Employee Alastair Borthwick

Employee

Executive

Executive

Board member

Board member

Exits

Bank of America has had 54 exits. Bank of America most notable exits include Tillhub , Clenera

Date	Company Name	Exit Type	Industry
Apr 15, 2022	Tillhub	M&A	Cloud Computing	Detail
Jun 30, 2021	Clenera	M&A	Energy	Detail
Feb 12, 2021	DRI Healthcare Trust	IPO	Biopharma	Detail
Oct 29, 2020	Advantage Solutions	M&A	Consumer	Detail
Oct 16, 2020	BIDS Trading	M&A	Financial Services	Detail

Acquisition

Bank of America has acquired 9 organizations. Their most recent acquisition was FleetBoston Financial Group on Oct 27, 2003. They acquired FleetBoston Financial Group for 0.

Date Company Name	Industry	Acquisition Type	Price
Oct 27, 2003 FleetBoston Financial Group	Banking	acquisition	—	Detail
Jul 13, 2004 TransMerit Merchant Services	Payments	acquisition	—	Detail
Jun 30, 2005 MBNA	Banking	acquisition	—	Detail
Sep 11, 2006 HealthLogic Systems Corporation	Health Care	acquisition	—	Detail
Nov 20, 2006 U.S. Trust	Financial Services	acquisition	—	Detail