Funding round
Stash Series F
Stash, which works in personalized investment portfolio management in New York, raised $112M in a Series F round announced on 29 Apr 2020, led by LendingTree, at a $800M post-money valuation. 6 firms took part, 4 of them already investors. It is Stash's seventh venture round on record; the one before was a Series E in Mar 2019.
$112M
Amount raised
$800M
Post-money valuation
$688M pre-money
6
Investors
1 lead
3.3x
Step-up from the Series C
$240M in Jul 2017
14%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Stash at $800M after the new money, 3.3 times the $240M of its Series C (Jul 2017). The $112M bought investors about 14% of the company. It came 13 months after Stash's Series E. It is 20% of the $563M Stash has raised in the venture rounds on record. Stash raised again 10 months later: a Series G round of $125M in Feb 2021, at $1.40B post-money.
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 12 Feb 2018, led by Union Square Ventures $38M
- Series E 14 Mar 2019, led by Unnamed Private Institutional Investor $65M
- Series F this round 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
LendingTree led the round with 5 other firms. Breyer Capital, Goodwater Capital, Greenspring Associates and Union Square Ventures had backed Stash before.
Lead investor
- LendingTree new investor
Also in the round
- T. Rowe Price Associates, Inc. new investor
- Breyer Capital backs 85 venture-backed companies existing investor
- Goodwater Capital backs 162 venture-backed companies existing investor
- Greenspring Associates existing investor
- Union Square Ventures backs 171 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Collibra Tech Companies | 2 Apr 2020 | $113M | $2.36B | ICONIQ Capital and Index Ventures |
| Impossible Foods Food Production | 15 Mar 2020 | $500M | not disclosed | Mirae Asset Global Investments |
| Insightec Medical Supply Manufacturers | 6 Mar 2020 | $150M | $1.30B | Koch Disruptive Technologies |
| Tech Companies | 20 May 2020 | $75M | $452M | Warburg Pincus |
| Furniture Stores | 1 Feb 2020 | $40M | $462M | Pidilite Industries |
| Tech Companies | 14 Jul 2020 | $120M | $1.92B | Salesforce Ventures |
| Indigo Ag Chemicals | 4 Aug 2020 | $360M | $3.50B | Alaska Permanent Fund Corporation and Flagship Pioneering |
| Farmers Business Network Farms & Agriculture Production | 3 Aug 2020 | $250M | not disclosed | BlackRock |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Stash raise in its Series F round?
Stash raised $112M in its Series F round, announced in Apr 2020.
Who led Stash's Series F round?
LendingTree led it, with T. Rowe Price Associates, Inc., Breyer Capital, Goodwater Capital, Greenspring Associates and Union Square Ventures.
What was Stash's valuation at the Series F round?
$800M post-money ($688M pre-money).
Did Stash raise again after this round?
Yes: a Series G round in Feb 2021 of $125M at $1.40B post-money.