Total amount raised
$500 Millions
Latest funding date
09/01/2022
Location
Title
Ethic has successfully raised significant funding to support its mission of providing personalized and values-aligned investing solutions. The company leverages technology, data, and storytelling to simplify the investment process for its clients.
Keep reading to explore the intricacies of Ethic's fundraising journey and the investors backing this innovative platform.
What Is Ethic?
Ethic, founded in 2016, is a company dedicated to personalized and values-aligned investing solutions. Based in New York, the company leverages technology and data to simplify the investment process for its clients.
Founded by Doug Scott, Jay Lipman, and Johny Mair, Ethic has grown to manage over $6 billion in assets. The company emphasizes sustainability and has helped clients significantly reduce the carbon footprint of their investment portfolios.
With a diverse team of experts in institutional investing, technology, data, and design, Ethic continues to innovate in the financial sector. The company employs a growing number of professionals committed to making a positive impact through sustainable investing.
How Much Funding Has Ethic Raised?
- Series C Funding Round
- Amount Raised: $50 million
- Date: September 2022
- Lead Investors: Jordan Park Group, UBS Next, Oak HC/FT, Nyca Partners, Sound Ventures, Urban Innovation Fund, Kapor Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funds will be used for growth plans, including expansion into new markets and products, and continued investments in its platform experience.
Ethic has raised a total of $50 million. The current valuation is Not publicly disclosed.
Key Investors
- Jordan Park Group
- Details: Jordan Park Group is a wealth management firm that provides investment advisory services to high-net-worth individuals and families. They focus on delivering personalized financial solutions.
- Investment Focus Areas: Wealth management, financial planning, investment advisory.
- Notable Investments: Not publicly disclosed.
- UBS Next
- Details: UBS Next is the strategic venture and innovation unit of UBS, a global financial services company. They invest in fintech and other innovative technologies.
- Investment Focus Areas: Fintech, digital transformation, sustainable finance.
- Notable Investments: Not publicly disclosed.
- Oak HC/FT
- Details: Oak HC/FT is a venture and growth equity firm that invests in healthcare and financial technology companies. They aim to support transformative businesses.
- Investment Focus Areas: Healthcare, fintech, enterprise software.
- Notable Investments: Not publicly disclosed.
- Nyca Partners
- Details: Nyca Partners is a venture capital firm focused on fintech startups. They provide capital and expertise to help companies grow.
- Investment Focus Areas: Fintech, payments, blockchain.
- Notable Investments: Not publicly disclosed.
- Sound Ventures
- Details: Sound Ventures is a venture capital firm co-founded by Ashton Kutcher and Guy Oseary. They invest in early to growth-stage technology companies.
- Investment Focus Areas: Technology, consumer products, media.
- Notable Investments: Airbnb, Uber, Spotify.
What's Next for Ethic?
Ethic is poised to capitalize on the growing demand for personalized financial solutions and sustainable investing. With its recent $50 million Series C funding, the company plans to expand into new markets and enhance its platform experience. This opportunity is substantial, given the increasing interest in custom direct indexing portfolios and transparent impact reporting.
Future fundraising efforts could be on the horizon as Ethic continues to innovate and scale its operations. However, the company may face challenges such as competition from other tech-driven asset management platforms and navigating regulatory landscapes in new markets. Maintaining the scalability of its technology platform will also be crucial as it grows.
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