What is Ethic?
Headquartered in New York City, Ethic operates within the financial services industry, providing a sophisticated platform designed for advisors and institutions. The company specializes in enabling the creation of personalized, values-aligned, and tax-efficient investment portfolios. By integrating robust sustainability research with clients' financial objectives, Ethic empowers users to align their investments with their ethical principles and long-term goals. This focus on responsible investing positions Ethic as a key player in the evolving landscape of financial advisory services.
How much funding has Ethic raised?
Ethic has raised a total of $92M across 3 funding rounds:
Series A
$13M
Series B
$29M
Series B
$50M
Series A (2019): $13M, investors not publicly disclosed
Series B (2021): $29M led by Fidelity Investments Inc., Nyca Partners, Kapor Capital, Urban Innovation Fund, Oak HC/FT, Sound Ventures, and ThirdStream Partners LLC
Series B (2022): $50M supported by UBS, Oak HC/FT, Sound Ventures, Jordan Park, and Nyca Partners
Key Investors in Ethic
UBS
UBS is a global financial services firm providing wealth management, investment banking, and asset management. They are known for their client-focused approach and international presence, bringing expertise to complex financial needs.
Oak HC/FT
Oak HC/FT is a venture growth-equity fund specializing in healthcare and financial services technology. They focus on driving transformation by providing strategic counsel and access to an extensive network of industry leaders.
Sound Ventures
Sound Ventures is a venture capital firm that invests early in visionary founders, providing hands-on support and leveraging a strong network in media and tech to help scale innovative products.
What's next for Ethic?
The recent major strategic investment signals a pivotal phase for Ethic, likely enabling the company to accelerate its product development, expand its market reach, and enhance its technological infrastructure. This infusion of capital is expected to fuel further innovation in its platform, allowing for deeper integration of ESG (Environmental, Social, and Governance) factors and more sophisticated personalization tools. Ethic is poised to solidify its leadership in the values-aligned investing sector, potentially exploring new partnerships and expanding its service offerings to meet the growing demand for sustainable financial solutions.
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