What is Ethic?
Ethic operates within the financial services industry, headquartered in New York City. The company provides a sophisticated platform designed for advisors and institutions, enabling the creation of highly personalized investment portfolios that align with clients' values and financial objectives. By integrating robust sustainability research with individual financial goals, Ethic empowers users to make more conscious and impactful investment decisions. The company's focus on values-aligned investing positions it as a key player in the evolving landscape of socially responsible finance.
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 Oak HC/FT, Kapor Capital, Urban Innovation Fund, Fidelity Investments Inc., ThirdStream Partners LLC, Sound Ventures, and Nyca Partners
Series B (2022): $50M supported by Nyca Partners, Sound Ventures, Jordan Park, UBS, and Oak HC/FT
Key Investors in Ethic
Nyca Partners
Nyca Partners is a venture capital firm specializing in fintech, focusing on seed to Series B investments in areas like payments and capital markets. They provide capital and hands-on support to early-stage companies.
Oak HC/FT
Oak HC/FT is a venture growth-equity fund that invests in healthcare and financial services technology. They offer strategic counsel and access to an extensive network of industry leaders.
Sound Ventures
Sound Ventures is an early-stage venture capital firm that backs visionary founders, providing hands-on support to help scale their businesses. They focus on identifying and nurturing groundbreaking ideas.
What's next for Ethic?
The recent major strategic investment signals a pivotal growth phase for Ethic. This capital infusion is likely to be directed towards scaling operations, expanding its technological infrastructure, and potentially broadening its market reach. Ethic's commitment to values-aligned investing, coupled with its advanced platform, positions it for continued success in attracting both clients and further strategic backing. The company is poised to further solidify its role in shaping the future of sustainable and personalized finance.
See full Ethic company page
