Excerpt From the Full Article BY SALLIE KRAWCHECK
Doubling down on its mission to get more money in the hands of women, 90% of Ellevest’s Series B investors are women and underrepresented investors, contributing 68% of total funds.
NEW YORK, April 6, 2022 — Ellevest, the financial company built by women for women, today announced a $53M Series B funding round. The round was co-led by BMO and Contour Venture Partners. It included investments from several new women-led investors, including Halogen Ventures, Cleo Capital, New York Ventures of Empire State Development, Stardust Equity, The Venture Collective, and Envestnet, as well as the LGBTQIA+ investment syndicate Gaingels.
Returning institutional investors include Melinda French Gates’ Pivotal Ventures, Astia Venture Fund, Khosla, Morningstar, AME Cloud Ventures, Rethink Impact SPV, Salesforce Ventures, PayPal Ventures, and Allianz Life Insurance Company of North America, as well as individuals like Elaine Wynn and others.
Ellevest is the first financial company built by women to achieve this level of success, having grown to $1.44B total AUM as of 12/31/21. Ellevest was also named the #1 mission-driven investing offering by Bankrate.
Click on this link to view the press release with pop up color commentary and the inside scoop.