# eShares funding: rounds and investors

> eShares has raised $68M across 4 rounds since 2013. Investors include Expansion Venture Capital, Subtraction Capital and Spark Capital.

Source: https://millionrounds.com/company/eshares (Millionrounds; every figure on the page links to its filing or article)

United States · [Series C startup](https://millionrounds.com/companies)

# Who invested in *eShares*

4 rounds we have observed, with the 21 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Fintech

Funding summary Updated 26 Oct 2026

**$68M** raised across 4 rounds since 2013, from 4 sources

**$1.8M** Seed **$7.0M** Series A **$17M** Series B **$42M** Series C

- **Latest round:** Series C, $42M Oct 2017
- **Led by:** Menlo Ventures and Social Capital
- **Step-up i:** 2.5×
- **Investors:** 21 (2 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2014 2015 2016 2017

**$1.8M** Seed

**$7.0M** Series A

**$17M** Series B

**$42M** Series C

- **First round:** Seed, $1.8M
- **Biggest round:** $42M
- **Usual gap between rounds:** 17 months

[**eShares** Information technology & services 1 / 41 Their pitch deck **eShares's pitch deck, 41 slides** Each slide read for what it argues, against the decks that raised at the same stage.](https://millionrounds.com/decks/eshares)

## The rounds

- **Oct 2017** Series C **$42M** *2 new* [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) Lead [Social Capital](https://millionrounds.com/fund/social-capital) Lead Reported by TechCrunch SEC filing: $39M sold, first sale Aug 2017
- **Aug 2015** Series B **$17M** *3 new* *4 returning* [Spark Capital](https://millionrounds.com/fund/spark-capital) [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) [Anthemis](https://millionrounds.com/fund/anthemis-group) [Industry Ventures](https://millionrounds.com/fund/industry-ventures) [Expansion Venture Capital](https://millionrounds.com/fund/expansion-venture-capital) [Subtraction Capital](https://millionrounds.com/fund/subtraction-capital) [SierraMaya360](https://millionrounds.com/fund/sierramaya360-vc) From a historical funding record
- **Jan 2015** Series A **$7.0M** *4 new* *3 returning* [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Spark Capital](https://millionrounds.com/fund/spark-capital) [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) [Service Provider Capital](https://millionrounds.com/fund/service-provider-capital) [Expansion Venture Capital](https://millionrounds.com/fund/expansion-venture-capital) [K9 Ventures](https://millionrounds.com/fund/k9-ventures) [Subtraction Capital](https://millionrounds.com/fund/subtraction-capital) From a historical funding record
- **Aug 2013** Seed **$1.8M** *12 new* [Kima Ventures](https://millionrounds.com/fund/kima-ventures) [DFJ](https://millionrounds.com/fund/dfj) [Draper Associates](https://millionrounds.com/fund/draper-associates) [TEEC Angel Fund](https://millionrounds.com/fund/teec-angel-fund) [Scott Banister](https://millionrounds.com/fund/scott-banister) [XG Ventures](https://millionrounds.com/fund/xg-ventures) [Expansion Venture Capital](https://millionrounds.com/fund/expansion-venture-capital) [Structure Capital](https://millionrounds.com/fund/structure-capital) [K9 Ventures](https://millionrounds.com/fund/k9-ventures) [Subtraction Capital](https://millionrounds.com/fund/subtraction-capital) [Andy Palmer](https://millionrounds.com/fund/andy-palmer) [Todd Corenson](https://millionrounds.com/fund/todd-corenson) Reported by techcrunch.com

## Founders and team

From the SEC filings it signed: 2 on the team.

- **Charly Kevers** Executive Officer i
- **Henry Ward** Executive Officer, Director i

On the board, as filed i *Arjun Sethi* *Barbara Byrne* *Joe Osnoss* *Marc Andreessen* *Matthew Murphy* *Michael Deleray* *William Kohler*

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Seed** 2013 **Series A** 2015 **Series B** 2015 **Series C** 2017 [Expansion Venture Capital](https://millionrounds.com/fund/expansion-venture-capital) [Subtraction Capital](https://millionrounds.com/fund/subtraction-capital) [Spark Capital](https://millionrounds.com/fund/spark-capital) [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) [K9 Ventures](https://millionrounds.com/fund/k9-ventures) [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) L [Social Capital](https://millionrounds.com/fund/social-capital) L [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Kima Ventures](https://millionrounds.com/fund/kima-ventures) [DFJ](https://millionrounds.com/fund/dfj)

## Everyone who backed them

[Expansion Venture Capital](https://millionrounds.com/fund/expansion-venture-capital) VC firm **3** rounds

[Subtraction Capital](https://millionrounds.com/fund/subtraction-capital) VC firm **3** rounds

[Spark Capital](https://millionrounds.com/fund/spark-capital) VC firm **2** rounds

[Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) VC firm **2** rounds

[K9 Ventures](https://millionrounds.com/fund/k9-ventures) VC firm **2** rounds

[Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) VC firm **1** round, led 1

[Social Capital](https://millionrounds.com/fund/social-capital) VC firm **1** round, led 1

[Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) VC firm **1** round

[Kima Ventures](https://millionrounds.com/fund/kima-ventures) VC firm **1** round

[DFJ](https://millionrounds.com/fund/dfj) VC firm **1** round

[Draper Associates](https://millionrounds.com/fund/draper-associates) VC firm **1** round

[Anthemis](https://millionrounds.com/fund/anthemis-group) VC firm **1** round

[Service Provider Capital](https://millionrounds.com/fund/service-provider-capital) VC firm **1** round

[Industry Ventures](https://millionrounds.com/fund/industry-ventures) VC firm **1** round

[TEEC Angel Fund](https://millionrounds.com/fund/teec-angel-fund) VC firm **1** round

[Scott Banister](https://millionrounds.com/fund/scott-banister) Angel **1** round

[XG Ventures](https://millionrounds.com/fund/xg-ventures) VC firm **1** round

[Structure Capital](https://millionrounds.com/fund/structure-capital) VC firm **1** round

[SierraMaya360](https://millionrounds.com/fund/sierramaya360-vc) VC firm **1** round

[Andy Palmer](https://millionrounds.com/fund/andy-palmer) VC firm **1** round

[Todd Corenson](https://millionrounds.com/fund/todd-corenson) Angel **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=eshares).

## Quick answers about eShares

### Who invested in eShares?

eShares's investors include Expansion Venture Capital, Subtraction Capital, Spark Capital, Union Square Ventures and K9 Ventures, and 16 more on record. Menlo Ventures led its latest round.

### How much has eShares raised?

eShares has raised $68M across 4 rounds since 2013.

### When did eShares last raise?

eShares's most recent round was a Series C of $42M in Oct 2017, led by Menlo Ventures.

### What was eShares's biggest round?

Its most recent round, $42M in Oct 2017, is also its largest on record.

### Who backed eShares first?

eShares's first round on record, in Aug 2013, was backed by Kima Ventures, DFJ and Draper Associates and 9 others.

### What stage is eShares at?

eShares's latest named round is a Series C, in Oct 2017.

### Where is eShares based?

eShares is based in the United States.

### Who led eShares's rounds?

Menlo Ventures led the Series C in 2017.

## Companies like eShares

In the same sector, and raised in the last eighteen months.

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