Stash, a US-based investment advice app operator backed by lending exchange marketplace LendingTree, has secured $125m in series G funding.
Investment firm Eldridge led the round, which included Entrée Capital, Goodwater Capital, Owl Ventures and funds and accounts connected to T. Rowe Price Associates. It lifted Stash’s valuation to $1.4bn, according to CNBC, citing people privy to the matter.
Founded in 2015, Stash runs an online personal finance platform that helps users manage financial resources in areas including salary budgeting and retirement saving strategies. It said it has more than 5 million users and some 250 employees.
The company had previously raised roughly $292m altogether, having most recently closed a $112m series F round in May 2020 led by LendingTree.
Breyer Capital, assets managed by T. Rowe Price and existing investors Goodwater Capital, Greenspring Associates and Union Square Ventures filled out the May round. Coatue Management and Valar Ventures are also among the company’s shareholders.
Brandon Krieg, CEO and co-founder of Stash, said: “We believe in tried and tested principles of regular, long-term and balanced investing as the key to building wealth.
“We therefore built Stash to make diversified investing easy, affordable and accessible, backed by personalised advice and accessible education in order to avoid the pitfalls of short-term speculation and day-trading. This new round of funding enables us to take this mission to millions more Americans.”
