Theo Osborne, younger brother to the former chancellor, joined the $13m (£10.3m) series A round in Ethic, led by Nyca Partners manager and former Visa president Hans Morris. Fidelity Investments and Sound Ventures, founded by Hollywood film star Ashton Kutcher have also backed the socially conscious fintech.
Ethic, the RIA and tech-driven asset manager, announced it secured $13 million in Series A funding. The funding was led by existing investor Nyca Partners, and was joined by Fidelity Investments and Sound Ventures, Ashton Kutcher and Guy Oseary’s venture capital fund.
Fidelity Investments teamed up with RIA and asset manager Ethic to help advisory firms incorporate environmental, social and governance investment options into their businesses.
Ethic is a tech-driven asset manager that powers the creation of sustainable investment portfolios. We build separately managed accounts (SMAs) optimized to track the market, align with one’s investment allocation, and outperform on a client’s chosen sustainability criteria.