About Ellevest
Ellevest is a company based in New York (United States) founded in 2014 was acquired by Envestnet in January 2022.. Ellevest has raised $155.41 million across 7 funding rounds from investors including Morningstar, Mastercard and PayPal. The company has 89 employees as of December 31, 2023. Ellevest operates in a competitive market with competitors including Betterment, Stash, Wealthsimple, Wealthfront and Wahed, among others.
- Headquarter New York, United States
- Employees 89 as on 31 Dec, 2023
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$155.41 M (USD)
in 7 rounds
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Latest Funding Round
$53 M (USD), Series B
Apr 06, 2022
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Investors
Morningstar
& 31 more
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Employee Count
89
as on Dec 31, 2023
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Acquired by
Envestnet
(Jan 24, 2022)
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Funding Insights of Ellevest
Ellevest has successfully raised a total of $155.41M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $53 million completed in April 2022. 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 7
- Last Round Series B — $53.0M
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First Round
First Round
(21 May 2015)
- Investors Count 31
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series B - Ellevest | Valuation | BMO , Contour Venture Partners | |
| Nov, 2020 | Amount | Series B - Ellevest | Valuation |
investors |
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| Mar, 2019 | Amount | Series B - Ellevest | Valuation | Rethink Impact , PSP Partners |
| 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 Ellevest
Ellevest has secured backing from 32 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Morningstar, Mastercard and PayPal. 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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Investments are made in US seed and early-stage tech companies.
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Founded Year | Domain | Location | |
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Venture capital firm focused on seed stage startups
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Founded Year | Domain | Location | |
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Early-stage venture capital fund investing in women-led consumer technology companies.
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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 Ellevest
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 |
Financial Statements - Ellevest
| 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 |
Ellevest Comparisons
Competitors of Ellevest
Ellevest operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Betterment, Stash, Wealthsimple, Wealthfront and Wahed, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
App-based automated investment and retirement planning platform
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| domain | founded_year | HQ Location |
Automated investment and robo-advisory services are offered to individuals.
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| domain | founded_year | HQ Location |
Online robo advisory and stock trading services are provided.
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| domain | founded_year | HQ Location |
Robo-advisory and financial planning services are provided for investments.
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| domain | founded_year | HQ Location |
Shariah-compliant investments and savings are offered to individuals.
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| 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 Ellevest
Frequently Asked Questions about Ellevest
When was Ellevest founded?
Ellevest was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Ellevest located?
Ellevest is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Ellevest?
Sylvia S Kwan is the current CEO of Ellevest.
Is Ellevest a funded company?
Ellevest is a funded company, having raised a total of $155.41M across 7 funding rounds to date. The company's 1st funding round was a Series B of $34.5M, raised on May 21, 2015.
How many employees does Ellevest have?
As of Dec 31, 2023, the latest employee count at Ellevest is 89.
What does Ellevest do?
Ellevest was founded in 2014 in New York, United States, as an app-based automated investment platform targeted at women. Private wealth management, digital investing, and financial advisory services are offered through the platform. Operations focus on the fintech sector, with the app accessible on both Android and iOS devices for users in the United States.
Who are the top competitors of Ellevest?
Ellevest's top competitors include Betterment, Wealthsimple and Stash.
Who are Ellevest's investors?
Ellevest has 32 investors. Key investors include Morningstar, Mastercard, PayPal, BMO, and New York State.
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