Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A Robo Focused on Women Raises $32.5MM Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, August 31, 2017

A Robo Focused on Women Raises $32.5MM

News summary by MFWire's editors

A veteran Wall Street bigwig just raised tens of millions of dollars for her roboadvisor.

Last week Ellevest told the SEC that it recently sold nearly $32.5 million worth of equity (another $2.2 million of equity was offered but not sold). Ellevest, led by none other than former Merrill wealth management chief Sallie Krawcheck, is a roboadvisor focused specifically on women.

CNBC, Crowdfund Insider, and Financial Planning all reported on the move. Meanwhile, Krawcheck also just hired Ellevest's first chief marketing officer, Lisa Stone, Fast Company reports.

There's no word on how big of a stake of Ellevest was sold in the offering, so it's not clear what the robo is currently valued at.

Ellevest grew out of Ellevate, a network promoting women as business leaders. Ellevate also teams up with Pax World to power an index mutual fund. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use