Ethic, Inc., a NYC-based tech-driven asset management platform that powers sustainable investment portfolios, closed a $13m Series A funding round.
The round was led by existing investor Nyca Partners with participation from Fidelity Investments and Sound Ventures and existing investors ThirdStream Partners, Urban Innovation Fund and Kapor Capital.
The company, which closed on $6.8m in funding in October 2018, intends to use the capital for continued growth in the registered investment advisor (RIA) and wealth management space through expansion of its engineering, client service and business development teams.
Founded in 2015 by Doug Scott, CEO, Ethic is a tech-driven asset manager that powers the creation of personalized sustainable solutions for wealth advisors and institutional investors.
It is an SEC Registered Investment Adviser.