Funding round
Stash Series D
Stash, which works in personalized investment portfolio management in New York, raised $38M in a Series D round announced on 12 Feb 2018, led by Union Square Ventures. 6 firms took part, 6 of them already investors. It is Stash's fifth venture round on record; the one before was a Series C in Jul 2017.
$38M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Stash did not disclose a valuation in this round; its last disclosed one was $240M at the Series C (Jul 2017). It came 7 months after Stash's Series C. It is 6.7% of the $563M Stash has raised in the venture rounds on record. Stash raised again 13 months later: a Series E round of $65M in Mar 2019. Its next priced round, a Series F in Apr 2020, valued it at $800M.
Stash's funding rounds
Stash has 9 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 11 Feb 2016, led by Goodwater Capital $3.0M
- Series A 17 Aug 2016, led by Goodwater Capital and Valar Ventures $9.3M
- Series B 14 Dec 2016, led by Valar Ventures $25M
- Series C 13 Jul 2017, led by Coatue $40M$240M post-money
- Series D this round 12 Feb 2018, led by Union Square Ventures $38M
- Series E 14 Mar 2019, led by Unnamed Private Institutional Investor $65M
- Series F 29 Apr 2020, led by LendingTree $112M$800M post-money
- Series G 3 Feb 2021, led by Eldridge $125M$1.40B post-money
- Debt not a venture round 16 Oct 2023, led by T. Rowe Price $40M
- Series H+ 12 May 2025, led by Goodwater Capital $146M
Investors
Who put money in
Union Square Ventures led the round with 5 other firms. Union Square Ventures, Breyer Capital, Coatue and Entrée Capital and 2 more had backed Stash before.
Lead investor
- Union Square Ventures backs 171 venture-backed companies existing investor
Also in the round
- Breyer Capital backs 85 venture-backed companies existing investor
- Coatue backs 229 venture-backed companies existing investor
- backs 80 venture-backed companies existing investor
- Goodwater Capital backs 162 venture-backed companies existing investor
- Valar Ventures backs 56 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Investment Consultants & Financial Advisors, then Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Investment Consultants & Financial Advisors | 1 Jul 2018 | $120M | not disclosed | Ant Group |
| Investment Consultants & Financial Advisors | 6 Feb 2019 | $114M | not disclosed | Index Ventures and PayPal |
| Cosmetics Stores | 15 Feb 2018 | $113M | not disclosed | not named |
| Icertis Tech Companies | 8 Feb 2018 | $50M | not disclosed | Meritech Capital |
| Tech Companies | 21 Feb 2018 | $50M | not disclosed | Intel Capital |
| Tech Companies | 20 Feb 2018 | $40M | not disclosed | Goldman Sachs |
| Tech Companies | 21 Feb 2018 | $36M | not disclosed | Atlantic Bridge |
| Tech Companies | 1 Feb 2018 | $30M | $120M | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Stash raise in its Series D round?
Stash raised $38M in its Series D round, announced in Feb 2018.
Who led Stash's Series D round?
Union Square Ventures led it, with Breyer Capital, Coatue, Entrée Capital, Goodwater Capital and Valar Ventures.
What was Stash's valuation at the Series D round?
It was not disclosed; its last disclosed one was $240M at the Series C (Jul 2017).
Did Stash raise again after this round?
Yes: a Series E round in Mar 2019 of $65M.