What is Ellevest?
Headquartered in New York City, Ellevest was established in 2014 with a clear objective: to close the gender investing gap. The company offers a sophisticated investment platform and financial planning services specifically designed to empower women. By providing tailored financial guidance and investment strategies, Ellevest aims to equip women with the tools and knowledge necessary to achieve their financial goals, thereby fostering greater economic equality.
How much funding has Ellevest raised?
Ellevest has raised a total of $141.6M across 6 funding rounds:
Private Equity
$2M
Series A
$10M
Unspecified
$9M
Private Equity
$34.6M
Unspecified
$33M
Series B
$53M
Private Equity (2015): $2M, investors not publicly disclosed
Series A (2015): $10M led by Ajay Banga, Contour Venture Partners, Andrea Jung, Astia, and Morningstar
Unspecified (2016): $9M supported by Morningstar, Khosla Ventures, Ulu Ventures, and Aspect Ventures
Private Equity (2017): $34.6M featuring Morningstar, Khosla Ventures, CreditEase, Ulu Ventures, Contour Venture Partners, and Rethink Impact
Unspecified (2019): $33M backed by Mastercard, Eric Schmidt, Morningstar, Valerie Jarrett, Khosla Ventures, Pivotal Ventures, PayPal, PSP Capital Partners, Ulu Ventures, CreditEase Fintech Investment Fund, Elaine Wynn, Rethink Impact, Aspect Ventures, and Astia
Series B (2022): $53M with participation from Stardust Equity, BMO, Contour Venture Partners, Halogen Ventures, Envestnet, Cleo Capital, The Venture Collective, and New York Venture Capital
Key Investors in Ellevest
Morningstar
Morningstar, Inc. is a global provider of independent investment research, data, and technology solutions serving financial advisors, asset managers, retirement plan providers, and individual investors.
Khosla Ventures
Khosla Ventures provides venture assistance and strategic advice to entrepreneurs working on breakthrough technologies. The firm was founded in 2004 by Vinod Khosla, co-founder of Sun Microsystems.
Mastercard
Mastercard is a technology company in the global payments industry that connects consumers, financial institutions, merchants, governments, digital partners, businesses and other organizations worldwide, enabling them to use electronic forms of payment instead of cash and checks.
What's next for Ellevest?
The recent major strategic investment signals Ellevest's readiness for its next phase of expansion. This capital infusion is expected to fuel product development, enhance its technological infrastructure, and broaden its market reach. Ellevest is poised to further solidify its position as a leader in inclusive financial services, leveraging this backing to scale its operations and deepen its impact on women's financial empowerment.
See full Ellevest company page
