Ellevest, a New York-based monetary firm targeted on girls, raised $53M in Sequence B funding.
The spherical was led by BMO Household Workplace and Contour Enterprise Companions with participation from Halogen Ventures, Cleo Capital, Stardust Fairness, The Enterprise Collective, and Envestnet, in addition to Melinda French Gates’ Pivotal Ventures, Astia Enterprise Fund, Khosla, Morningstar, AME Cloud Ventures, Salesforce Ventures, PayPal Ventures, and Allianz Life Insurance coverage Firm of North America, in addition to people like Elaine Wynn.
The corporate intends to make use of the funds to deepen its choices, offering personalised teaching, product options, and group to assist girls attain their cash targets.
Led by CEO Sallie Krawcheck, Ellevest is a monetary firm offering options for all phases of ladies’s monetary lives to assist them construct wealth. Its choices embody digital investing instruments, banking companies, skilled profession and cash teaching, and studying sources, in addition to personal wealth administration for top internet price purchasers who need a personalised monetary technique which will embody affect investing.