Stash Raises $40M in Funding


Stash, a NYC-based provider of an investing app, raised $40M in funding.

The round was led by T. Rowe Price Investment Management, Inc., with participation from a combination of strategic and existing investors including Goodwater Capital and Union Square Ventures.

The company intends to use the funds to accelerate growth and its business reach.

Led by CEO Liza Landsman, Stash provides an app that allows people to invest in fractional shares of companies and ETFs they know with any dollar amount. In the past year, the company surpassed $100M in annual revenue, and counts 2M active subscribers.

Stash also added Amy Butte, former CFO of NYSE, as an independent audit chair. In August, the company had announced Chien-Liang Chou from Dave and Salesforce as Chief Technology Officer.