About Ellevest
Ellevest is a Technology company based in New York (United States) founded in 2014, and was acquired by Envestnet in January 2022. Automated investment platform for women is provided via mobile app. Ellevest has raised $155.41 million across 7 funding rounds from investors including Morningstar, Mastercard and PayPal. The company has 89 employees. Its chief executive, as recorded, is Sylvia S Kwan. Its website ellevest.com draws about 34 thousand monthly visits. The company was acqui-hired. Its focus areas include FinTech, Investment Tech, Wealth Management Platforms and Robo Advisors. Its competitors include Betterment, Stash and Wealthfront; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters New York, United States
- Employees 89
- Stage Acquired
- SectorsTechnology
- Website ellevest.com
- Social LinkedIn X
- Acquired by Envestnet (Jan 2022)
- Total Equity Funding$155.41M (USD)
in 7 rounds
- Latest Funding Round$53M (USD), Series B
Apr 2022
- InvestorsMorningstar
& 31 more
- Employee Count89
- Acquired byEnvestnet
(Jan 2022)
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 $155.41M
- Total Rounds 7
- Last Round Series B — $53M
- First Round $2M
(May 2015)
- Investors Count 31
All 7 funding rounds of Ellevest with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2022 | $53M | Series B | – | BMO, Contour Venture Partners | |
| Nov 2020 | $12.31M | Series B | – | – | – |
| Mar 2019 | $34.5M | Series B | – | Rethink Impact, PSP Partners | |
| Aug 2017 | $34.6M | Series B | – | Rethink Impact | |
| Sep 2016 | $9M | Series A | – | Aspect Ventures, Ulu Ventures | – |
| Sep 2015 | $10M | Series A | – | Morningstar | |
| May 2015 | $2M | Seed | – | – | – |
32 investors in total: 26 institutional and 6 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in US seed and early-stage tech companies. | contourventures.com | New York, United States | ||
Venture capital firm focused on seed stage startups | cleocap.com | San Francisco, United States | ||
Early-stage venture capital fund investing in women-led consumer technology companies. | halogenvc.com | |||
Venture capital fund focused on multiple sectors | theventurecollective.com | New York, United States | ||
Early-stage startups are funded by this venture capital firm. | 2004 | khoslaventures.com | Menlo Park, United States | |
Life sciences and tech focused impact VC firm funding companies in the US, the UK and Canada | rethinkimpact.com | Washington, Dc, United States | ||
Seed-stage startups are targeted for investment by Pivotal Ventures. | pivotalventures.org | Redmond, United States | ||
Women-led startups are funded through stage-agnostic investments and angel networks. | astia.org | San Francisco, United States | ||
AME Cloud Ventures is focused on investing in data-driven technology companies. | amecloudventures.com | Palo Alto, United States | ||
Venture capital investing with a focus on diversity and inclusion in the ecosystem. | gaingels.com |
Investor details for Ellevest
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
People of Ellevest
18 people are tracked at Ellevest (8 in leadership, 10 in team); the tracked headcount is 89.
| Name | Role | Group |
|---|---|---|
Sylvia S Kwan | CEO & Chief Investment Officer | Leadership |
Sylvia Kwan | Chief Investment Officer & CEO | Leadership |
Sharon J. Kaufman | Director, Investment Operations | Leadership |
Emily Green | Head Of Wealth Management | Advisor | Leadership |
Ankur Patel | VP Of PWM Investments | Leadership |
Hannah Steendam | Director Of Client Services | Leadership |
Alan Bernstein | VP, Fraud & Risk Operations | Leadership |
Ashley Bleckner | Managing Director, Private Wealth Advisor | Leadership |
Alondra Garcia | Portfolio Manager | Team |
Sara Faurer | Senior Financial Advisor At Ellevest | Team |
Dorel Sepp | Account Relationship Manager | Team |
Kristen Goodman | Portfolio Manager | Team |
Ann Romano | Wealth & Investment Manager | Team |
Samantha Craig Vient | Financial Advisor | Team |
Tara Stevens | Investor | Team |
Elizabeth Grier | Investor | Team |
David Nguyen | Senior Private Wealth Analyst | Team |
Michelle Schweizer | Senior Client Services Manager | Team |
Complete people profiles for Ellevest
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Timeline of Ellevest
4 dated milestones of Ellevest across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Ellevest is founded.
- Funding First funding round of $2.0M.
- Exit Acquired by Envestnet.
- Funding Latest funding round, Series B, of $53.0M.
Competitors of Ellevest
Ellevest has 3 listed competitors in our database, 3 of them funded. They include Betterment, Stash and Wealthfront.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| betterment.com | 2010 | New York, United States | $335M | 399 | App-based automated investment and retirement planning platform | |
| stash.com | 2015 | New York, United States | $747.48M | Automated investment and robo-advisory services are offered to individuals. | ||
| wealthfront.com | 2008 | Palo Alto, United States | $204.67M | 200 | Robo-advisory and financial planning services are provided for investments. |
Detailed competitors of Ellevest
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Ellevest
The website of Ellevest (ellevest.com) receives about 33.5K visits a month.
- Monthly visits33.5K
▼ 12.9% vs previous month
Websites whose visitors overlap most with Ellevest. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| nerdwallet.com | 100% | 22.3M | #2,677 | View details | |
| drbank.com | 94% | 9.9K | #2,390,750 | View details | |
savvyladies.org | savvyladies.org | 94% | #1,121,045 | – | |
| humaninterest.com | 94% | 704.1K | #62,165 | View details | |
| citywire.com | 94% | 634.4K | #84,403 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 31 similar websites and full traffic analytics for Ellevest
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 31 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Investment & Financial Technology
3 companies that operate in the same segment as Ellevest (Investment & Financial Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.58 B | USD 2.98 B | 4,841 | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | 602 |
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Related news about Ellevest
Complete news archive for Ellevest
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Frequently Asked Questions about Ellevest
Ellevest was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Ellevest is headquartered in New York, United States. It is registered at New York, New York, United States.
Sylvia S Kwan is the CEO of Ellevest, as recorded in our data.
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 Seed of $2M, raised on May 2015.
Ellevest has 89 employees.
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.
Ellevest's top competitors include Betterment, Stash and Wealthfront.
Ellevest has 32 investors. Key investors include Morningstar, Mastercard, PayPal, BMO, and New York State.
Yes. Ellevest was acquired by Envestnet in January 2022.