Previous backers in addition to Breyer include Union Square Ventures, Coatue Management, Entree, Goodwater and Valar. This innovative new technology from STASH will have CEOs and CMOs knocking on their door.”įrom what we understand, the round was led by a private institutional investor and includes 40 percent existing and 60 percent new investors. “The early data shows unequivocally that share ownership drives increased sales and customer appreciation. “I have invested in and served on the Board of many leading companies, and it’s clear how a program like Stock-Back can power immense brand loyalty,” he said in a statement today. For context, Stash was valued at $350 million post-money in its Series D, according to figures from PitchBook, and a source says the valuation is now “much higher” than that of a straight upround.īut from the looks of it, the $65 million appears to include participation from Breyer Capital, a previous investor whose founder Jim Breyer has heartily endorsed the new Stock-Back service and accompanying loyalty program that’s tied in with it, which was tested early with companies like Netflix, T-Mobile and Chipotle all offering stock when people used their Stash accounts to pay for goods and services at the companies.
#Quadrants of a graph full#
On top of that, Stash also said it raised a Series E of $65 million that it will be using to grow its business on the back of these two launches.Ī spokesperson for the company said that Stash is not disclosing the full round of investors in this round.
The company is introducing mobile-based banking accounts from Green Dot Bank, and, alongside it, a new rewards program called “Stock-Back.” When users spend money using their Stash accounts, they get “points” - which are either stocks in the companies where they are buying goods, or shares in ETFs approved by Stash. Stash, the fintech startup and app that aims to introduce new people to the world of investing, is unveiling some interesting new services while also announcing that it has raised more funding to expand its business.
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