The popularity of socially responsible investments continues to grow. Between 2018 and 2020, sustainably invested assets under management grew to $17.1T, up 42%. This accounts for nearly 1/3 of US assets under professional management. Ethic is an asset management platform that lets advisors build socially conscious investment portfolios. The platform lets these wealth advisors purchase indexes and efficiently tailor them by opting out of individual investments that may not be suited to the client’s preferences based on 19 societal issues. The number of assets on Ethic has grown 10x since 2019 and the company now is helping wealth managers manage $760M in assets. AlleyWatch caught up with CEO and Cofounder Doug Scott to learn more about the red-hot environmental, social, and governance (ESG) market, the company’s future plans, and latest round of funding from investors that include Oak HC/FT, Fidelity Investments, Nyca Partners, Sound Ventures, ThirdStream Partners, Urban Innovation Fund, and Kapor Capital.
$8.8B raised by NYC startups in Q1 in the single-best quarter in NYC history. Here are some of the leading startups that are scaling fast and attracting new capital.
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 3/31/2021 featuring funding details for UnitedMasters, Spiral, and much more.
$1.2B invested in NYC startups in the past week; three newly-minted unicorns and one decacorn. NYC Tech News for the week ending 3/20 featuring news for Apploi, Hugging Face, and much, much more…
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 3/15/2021 featuring funding details for Via, NoMad Data, and much more.
Buildings generate 80% of New York City’s greenhouse gas emissions. Improving energy efficiency isn’t only important to the environment but it also reduces costs, making housing more affordable in the long run. BlocPower is an energy technology startup that combines technology with structured finance solutions to encourage business owners to abandon their existing, obsolete heating and cooling solutions and replace them with sustainable alternatives. The company leverages machine learning to identify the buildings that will benefit the most from energy savings. For building owners, there is no upfront cost and repayment comes directly from energy savings. The company has already retrofitted 1000+ buildings in NYC and is expanding its efforts nationwide with projects in progress in 24 cities.
AlleyWatch caught up with CEO and cofounder Donnel Baird to learn more about the company, how his work with the Obama administration sparked the idea for the business, the company’s future plans, recent round of funding from investors that include American Family Insurance Institute for Corporate and Social Impact (AmFam), AccelR8 and The Goldman Sachs Urban Investment Group, with participation from Kapor Capital, Elemental Excelerator, CityRock Venture Partners, The Schmidt Family Foundation and Salesforce Ventures.
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 2/27/21 featuring funding details for Reforge, Shippo, and thirty other rounds that you must know about.
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 2/22/2021 featuring funding details for BlockPower, Comm Technologies, and much more.
New format. Same great content! NYC Tech News for the first full week of 2021 featuring news for Glia, Citizen, and much more.
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 1/5/2021 featuring funding details for Citizen and much more.
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup fundings for the week ending 12/12/20 featuring funding details for Kevel, Salt Security, Fairmarkit, and fourteen other rounds that you must know about.