Ethic Picks Up New $13 Million Series A Funding
By Ginger Szala
Following on the heels of partnering with Dynasty Financial Partners to list its impact investing products on the latter’s turnkey asset management platform, Ethic, the RIA and tech-driven asset manager, announced it secured $13 million in Series A funding. The funding was led by existing investor Nyca Partners, and was joined by Fidelity Investments and Sound Ventures, Ashton Kutcher and Guy Oseary’s venture capital fund.
“We’ve been really fortunate to benefit from a shift that has happened in the market separate from Ethic,” Jay Lipman, Ethic co-founder and president, told ThinkAdvisor. “We have had a dramatic level of demand and this funding enables us to really scale to meet that demand effectively.”
Photo courtesy of Helloquence.