What is Ethic?
Founded in 2015 and headquartered in New York City, Ethic operates at the intersection of financial services and technology. The company provides a sophisticated platform designed to empower financial advisors and institutional clients to construct highly personalized, values-aligned, and tax-efficient investment portfolios. By synthesizing complex sustainability research with rigorous financial analysis, Ethic enables its users to tailor their holdings to specific impact goals without sacrificing the core tenets of portfolio management. This unique value proposition has positioned the firm as a critical infrastructure provider in the evolving landscape of impact-driven finance, catering to a demographic of investors who increasingly prioritize transparency and ethical alignment in their capital deployment.
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 ThirdStream Partners LLC, Fidelity Investments Inc., Nyca Partners, Oak HC/FT, Sound Ventures, Kapor Capital, and Urban Innovation Fund
Series B (2022): $50M supported by UBS, Oak HC/FT, Sound Ventures, Jordan Park, and Nyca Partners
Key Investors in Ethic
Nyca Partners
Nyca Partners is a fintech venture capital firm that specializes in seed to Series B investments across payments, infrastructure, capital markets, and embedded finance.
Oak HC/FT
Oak HC/FT is a premier venture growth-equity fund focused on driving transformation in Healthcare Information and Financial Services Technology.
Urban Innovation Fund
Urban Innovation Fund is a venture capital firm that invests in early-stage startups addressing significant urban challenges, including sustainability and fintech.
What's next for Ethic?
Looking ahead, the infusion of capital positions Ethic to accelerate its product roadmap and expand its footprint within the institutional wealth management space. As the firm transitions into a more mature lifecycle stage, the focus will likely shift toward scaling its operational capabilities and deepening its integration with major financial institutions. By maintaining its commitment to technological innovation and data-driven sustainability insights, Ethic is well-equipped to capture a larger share of the burgeoning ESG market. The strategic support from its diverse investor base provides not only the necessary liquidity for expansion but also access to a vast network of industry expertise, which will be instrumental in navigating the regulatory and competitive complexities of the global financial services sector.
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