Simplified Investing App Stash Raises $37.5 Million Series D
Stash, the micro-investing app that’s been a hit with first-time investors, announced today it has raised an additional $37.5 million in Series D funding in a round led by Union Square Ventures. Existing investors Breyer Capital, Coatue Management, Entree Capital, Goodwater Capital and Valar Ventures also participated.
The company competes with a range of new investment apps – like Robinhood, Acorn, and others. These apps have particular appeal to the often younger, less experienced investors who are uncomfortable using traditional tools
However, Stash isn’t just targeting the Millennial crowd – though its average user is aged 29 – it’s also broadly going after anyone who felt like they couldn’t participate in investing because they didn’t make enough money.