ESG | September 15, 2022

Prince Harry and Duchess Meghan-backed Ethic raises $50 million growth investment

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, September 15 — New York-based Ethic has raised $50 million to expand into new markets and products.

The tech-driven asset management platform Ethic helps institutional investors and financial advisors, such as Fidelity, Morgan Stanley and Charles Schwab, screen existing portfolios and build new ones around values-based equities.

Prince Harry and his wife Meghan Markle, Duchess of Sussex, joined the company as impact partners late last year to help “educate and rally our impact community around the issues that matter most,” Ethic’s Jay Lipman told ImpactAlpha at the time.

The company says it has surpassed $2 billion in assets under management since its $29 million Series B round early last year.


Jordan Park Group led the Series C funding round, with participation from existing investors Oak HC/FT, Urban Innovation Fund, Kapor Capital and others. UBS, which invested via its venture arm UBS Next, is a new investor.

“Through our investment in Ethic, we aim to increase access to customizable, sustainable investment offerings to a much broader set of investors,” said UBS’ Mike Dargan.