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DUBAI, UAE, April 26, 2021 /PRNewswire/ StashAway is raising $25 million USD in its Series D funding round led by Sequoia Capital India, one of the region s leading venture capital firms.
StashAway s existing investors, Eight Roads Ventures, the global investment firm backed by Fidelity International and early investor in Alibaba; and Square Peg, the largest venture capital fund in Australia, also participated in the round. The transaction will close in the next few months pending necessary regulatory approvals.
This funding round will bring StashAway s total paid-up capital to $61.4 million USD and accelerate investment product and feature developments across its 5 markets. The company will also offer to buy back up to $3 million USD in stock options from its employees and expand its engineering team in Singapore and abroad.
StashAway, a digital wealth management startup hailing from Singapore, is raising US$25 million in a Series D funding round led by Sequoia Capital India.
Series D funding round will be led by Sequoia Capital India
Singapore-headquartered Stashaway is looking to raise $25m (£18m, €21m) to accelerate investment product and feature development across the markets it operates in.
Currently, the firm has a presence in Singapore, Malaysia, the Middle East, North Africa, and Hong Kong.
The series D funding round will bring the total paid-up capital to $61.4m and will be led by Sequoia Capital India.
The digital wealth manager will offer to buy back up to $3m in stock options from its employees, as well.
Stashaway’s existing investors also participated in the latest round. They include, Fidelity International-backed investment firm Eight Roads Ventures, and Square Peg, the largest venture capital fund in Australia.
April 25, 2021
BANGKOK, April 26, 2021 /PRNewswire/ StashAway is raising $25 million USD (781 million THB) in its Series D funding round led by Sequoia Capital India, one of the region s leading venture capital firms.
StashAway s existing investors, Eight Roads Ventures, the global investment firm backed by Fidelity International and early investor in Alibaba; and Square Peg, the largest venture capital fund in Australia, also participated in the round. The transaction will close in the next few months pending necessary regulatory approvals.
This funding round will bring StashAway s total paid-up capital to $61.4 million USD (1.918 billion THB) and accelerate investment product and feature developments across its 5 markets. The company will also offer to buy back up to $3 million USD (781 million THB) in stock options from its employees and expand its engineering team in Singapore and abroad.
Investment app StashAway has raised a $25 million Series D led by Sequoia Capital India, with participation from returning investors Eight Roads Ventures and Square Peg. After regulatory approvals for the funding are completed, Sequoia Capital India managing director Abheek Anand will join StashAway’s board of directors as part of the round. StashAway does not […]