About Aspiration
Aspiration is a company based in Los Angeles (United States) founded in 2013 by Joseph Sanberg and Andrei Cherny.. Aspiration has raised $865 million across 6 funding rounds from investors including UBS, Renren and Oaktree Capital Management. The company has 237 employees as of December 31, 2022. Aspiration has completed 2 acquisitions, including Carbon Insights and carboninsights.com.
- Headquarter Los Angeles, United States
- Employees 237 as on 31 Dec, 2022
- Founders Joseph Sanberg, Andrei Cherny
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Aspiration Partners, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$865 M (USD)
in 6 rounds
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Latest Funding Round
$315 M (USD), Series D
Dec 15, 2021
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Investors
UBS
& 22 more
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Employee Count
237
as on Dec 31, 2022
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Investments & Acquisitions
Carbon Insights
& 1 more
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Funding Insights of Aspiration
Aspiration has successfully raised a total of $865M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $315 million completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series D — $315.0M
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First Round
First Round
(01 Jun 2013)
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series D - Aspiration | Valuation | Oaktree Capital Management | |
| Jan, 2021 | Amount | Series D - Aspiration | Valuation |
investors |
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| May, 2020 | Amount | Series C - Aspiration | Valuation | Alpha Edison |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Aspiration
Aspiration has secured backing from 23 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include UBS, Renren and Oaktree Capital Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Real estate fund, infrastructure fund, and private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Series A and growth-stage investments are made by Alpha Edison.
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Founded Year | Domain | Location | |
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US private equity investments are managed by DNS Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Aspiration
Aspiration has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Carbon Insights and carboninsights.com. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of solutions to calculate and offset the carbon footprint
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2020 | ||||
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Carbon emissions analytics and sustainability insights are provided.
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Aspiration
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Aspiration Comparisons
Competitors of Aspiration
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Aspiration
Frequently Asked Questions about Aspiration
When was Aspiration founded?
Aspiration was founded in 2013.
Where is Aspiration located?
Aspiration is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of Aspiration?
Andrei Cherny is the current CEO of Aspiration. They have also founded this company.
Is Aspiration a funded company?
Aspiration is a funded company, having raised a total of $865M across 6 funding rounds to date. The company's 1st funding round was a Series C of $135M, raised on Jun 01, 2013.
How many employees does Aspiration have?
As of Dec 31, 2022, the latest employee count at Aspiration is 237.
What does Aspiration do?
Aspiration was founded in 2013 in Los Angeles, United States, as a digital bank focused on sustainable consumer finance. Operations include online money transfers, balance inquiries, cash withdrawals, loan applications, bill payments, and debit card issuance. Tools for personal finance tracking and expense management are provided, along with fraud prevention and chargeback handling features. The platform serves users primarily in the United States through its digital interface.
How many acquisitions has Aspiration made?
Aspiration has made 2 acquisitions, including Carbon Insights, and carboninsights.com.
Who are Aspiration's investors?
Aspiration has 23 investors. Key investors include UBS, Renren, Oaktree Capital Management, Allen & Company, and SuRo Capital.