# Ethic's pitch deck

> Ethic's pitch deck: 8 slides, and the funding round we observed afterwards.

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

**Ethic** Asset management 1 / 8 Read in the app

Pitch deck

# Ethic's *pitch deck*

The deck, and the 3 rounds we watched Ethic raise afterwards, with the investors each report named.

8 slides 0.1MB US Asset management Fintech

Read the deck Free account. The deck belongs to Ethic, so reading it needs one; everything on this page is public.

What is in it

## The deck, slide by slide

Each slide by what it argues. 8 slides against a median of 13 across the 1,712 decks we hold.

*median*

- 1 **Cover**
- 2 **Market**
- 3 **Market**
- 4
- 5
- 6
- 7 **Team**
- 8

Cover Market Team

What happened next

## $89M across 3 rounds

**3** rounds observed **$89M** reported in total **Oct 2018** first we saw **Apr 2025** most recent

- Apr 2025 Growth **$64M** [State Street Lead](https://millionrounds.com/fund/state-street-corporation)[State Street Global Advisors Lead](https://millionrounds.com/fund/state-street-global-advisors)[500 Global](https://millionrounds.com/fund/500-startups)[Fifty Years](https://millionrounds.com/fund/fifty-years-industries-llc)[Kapor Capital](https://millionrounds.com/fund/kapor-capital)[Nyca Partners](https://millionrounds.com/fund/nyca-partners)[Sound Ventures](https://millionrounds.com/fund/sound-ventures)[UBS](https://millionrounds.com/fund/ubs)[Y Combinator](https://millionrounds.com/fund/y-combinator) Reported by AlleyWatch
- Jul 2019 Series A **$18M** [Nyca Partners Lead](https://millionrounds.com/fund/nyca-partners)[Fidelity Investments](https://millionrounds.com/fund/fidelity)[Kapor Capital](https://millionrounds.com/fund/kapor-capital)[Sound Ventures](https://millionrounds.com/fund/sound-ventures)[ThirdStream Partners](https://millionrounds.com/fund/thirdstream-partners)[Urban Innovation Fund](https://millionrounds.com/fund/urban-innovation-fund) Reported by FinSMEs
- Oct 2018 Round **$6.8M** [Kapor](https://millionrounds.com/fund/kapor-capital)[Nyca](https://millionrounds.com/fund/nyca-partners)[ThirdStream](https://millionrounds.com/fund/thirdstream-partners) the Urban Innovation Reported by FinSMEs

[Everyone who backed Ethic](https://millionrounds.com/company/ethic)

Form D

What they told the regulator

## Ethic filed 4 Form Ds with the SEC

The company reporting its own raise, rather than a journalist reporting it.

**$50M** sold under the offering **May 2025** most recent filing

1 / 8

The deck itself

## Read Ethic's full pitch deck

All 8 slides, each read for what it argues and set against the decks that raised at the same stage. The cover is shown here; the rest is read in the app.

Read the deck *→* Free account. The deck belongs to Ethic.

## Investors who claim them

Firms listing Ethic on their own portfolio page: the firm's own account rather than a round we watched. Weaker than an announcement, much stronger than a list somebody sold us.

[**Urban Innovation Fund** VC firm](https://millionrounds.com/fund/urban-innovation-fund)[**Urban Innovation Fund** VC firm](https://millionrounds.com/fund/urban-innovation-fund)[**Farvatn Venture** Family office](https://millionrounds.com/fund/farvatn-venture)[**Thirdstream Partners** VC firm](https://millionrounds.com/fund/thirdstream-partners)[**Drumbeat Ventures** VC firm](https://millionrounds.com/fund/drumbeat-ventures)[**Planet 9 Capital** VC firm](https://millionrounds.com/fund/planet-9-capital)[**Planet 9 Venture** VC firm](https://millionrounds.com/fund/planet-9-venture)[**SAGANA** Family office](https://millionrounds.com/fund/sagana)

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[Browse all 1,712 decks](https://millionrounds.com/decks). We hold no record of where this file came from or on what terms. If it is yours and you would rather it were not here, [tell us](https://millionrounds.com/corrections?deck=ethic) and it goes.