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
Locked
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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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People of Ellevest
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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.
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.
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Investments are made in US seed and early-stage tech companies.
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Venture capital firm focused on seed stage startups
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Early-stage venture capital fund investing in women-led consumer technology companies.
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Investor details for Ellevest
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Investments & Acquisitions by Ellevest
Investment portfolio details for Ellevest
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Financial Statements - Ellevest
Detailed financials for Ellevest
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Ellevest Comparisons
Peer comparison for Ellevest
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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App-based automated investment and retirement planning platform
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Automated investment and robo-advisory services are offered to individuals.
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Online robo advisory and stock trading services are provided.
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Robo-advisory and financial planning services are provided for investments.
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Shariah-compliant investments and savings are offered to individuals.
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Detailed competitors of Ellevest
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Latest news on 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 current CEO of Ellevest.
Ellevest is a funded company, having raised a total of $155.41M across 7 funding rounds to date.
As of Dec 31, 2023, the latest employee count at Ellevest is 89.
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, Wealthsimple and Stash.
Ellevest has 32 investors. Key investors include Morningstar, Mastercard, PayPal, BMO, and New York State.