About Ethic
Ethic is a company based in New York (United States) founded in 2015 by Jay Lipman, Doug Scott, and Johny Mair.. Ethic has raised $182.82 million across 8 funding rounds from investors including Fidelity Investments, UBS and State Street Global Advisors. Ethic offers products and services including Separately Managed Accounts, Unified Managed Accounts, and Model Portfolios. Ethic operates in a competitive market with competitors including Fidelity Investments, Investec, Morgan Stanley, Northwestern Mutual and Principal, among others.
- Headquarter New York, United States
- Founders Jay Lipman, Doug Scott, Johny Mair
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Ethic 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
$182.82 M (USD)
in 8 rounds
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Latest Funding Round
$64 M (USD), Series D
Apr 07, 2025
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Investors
Fidelity Investments
& 12 more
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Employee Count
Employee Count
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Products & Services of Ethic
Ethic offers a comprehensive portfolio of products and services, including Separately Managed Accounts, Unified Managed Accounts, and Model Portfolios. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Personalized portfolios aligned with values and tax objectives.
Portfolios unifying strategies like direct indexing and funds.
Diversified allocations targeting specific investment objectives.
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Funding Insights of Ethic
Ethic has successfully raised a total of $182.82M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $64 million completed in April 2025. 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 8
- Last Round Series D — $64.0M
- First Round First Round
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Series D - Ethic | Valuation | State Street Global Advisors |
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| Sep, 2022 | Amount | Series C - Ethic | Valuation | Kapor Capital , UBS | |
| Mar, 2021 | Amount | Series B - Ethic | Valuation | Oak HC/FT |
| 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 Ethic
Ethic has secured backing from 13 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Fidelity Investments, UBS and State Street Global Advisors. 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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Seed stage venture capital firm investing in US
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Founded Year | Domain | Location | |
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Investments are made in early-stage healthtech and fintech startups.
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Founded Year | Domain | Location | |
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Tech focused early stage VC firm investing in the US
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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 Ethic
| 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 - Ethic
| 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 |
Ethic Comparisons
Competitors of Ethic
Ethic 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 Fidelity Investments, Investec, Morgan Stanley, Northwestern Mutual and Principal, 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 |
Provider of brokerage accounts, retirement planning, wealth management, and trading platforms
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Wealth management, investment advisory, and financial services are provided.
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| domain | founded_year | HQ Location |
Northwestern Mutual is engaged in financial planning and insurance services.
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| domain | founded_year | HQ Location |
Retirement, investment, and insurance products and services are provided.
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| domain | founded_year | HQ Location |
Asset management and investment advisory services are provided to clients.
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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 Ethic
Frequently Asked Questions about Ethic
When was Ethic founded?
Ethic was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Ethic located?
Ethic is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Ethic?
Doug Scott is the current CEO of Ethic. They have also founded this company.
Is Ethic a funded company?
Ethic is a funded company, having raised a total of $182.82M across 8 funding rounds to date. The company's 1st funding round was a Series B of $29M, raised on Jan 27, 2016.
What does Ethic do?
Ethic was founded in 2015 and is headquartered in New York, United States. Investment management services are offered, focusing on portfolio strategies for institutional and individual clients. Operations are centered in the asset management industry, with leadership provided by co-founders Jay Lipman, Doug Scott as CEO, and Johny Mair. Geographic emphasis is placed on the U.S. market, supporting ethical and sustainable investment approaches.
Who are the top competitors of Ethic?
Ethic's top competitors include Fidelity Investments, Investec and S&P Global.
What products or services does Ethic offer?
Ethic offers Separately Managed Accounts, Unified Managed Accounts, and Model Portfolios.
Who are Ethic's investors?
Ethic has 13 investors. Key investors include Fidelity Investments, UBS, State Street Global Advisors, Kapor Capital, and Oak HC/FT.
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