EFTA00812016.pdf

Generated by PitchBook for Richard Kahn, HBRK Last Updated: 08-Oct-2018 Associates Stash Invest I Private Company Profile General Information pbiD: 119115-19 Description Provider of an investment application designed to simplify investing. The company's application provide access to financial education, technology, advice, guidance that helps users to help pick an investment strategy that reflects their interests, beliefs and goals, enabling users to get access to financial opportunity that help them achieve their life goals. Most Recent Financing Status (as of 05.Oct-2018) The company raised $37.50 million of Series D venture funding in a deal led by Union Square Ventures on February 12, 2018, putting the company's pre-money valuation at $312.5 million. Breyer Capital, Goodwater Capital, Valar Ventures, Entrée Capital and Coatue Management also participated in the round. The funds will be used to continue to accelerate product innovation. Previously, the company raised $42 million of Series C venture funding in a deal led by Coatue Management on July 10, 2017, putting the company's pre-money valuation at $223 million. Breyer Capital, Goodwater Capital and Valar Ventures also participated in the round. Entity Type Private Company Year Founded 2015 Website Universe Venture Capital Also Known As Stash Primary Application Software Industry Legal Name Stash Investments LLC Other Financial Software, Other Financial Business Status Generating Revenue Industries Services Ownership Status Privately Held (backing) Verticals FinTech, Mobile, SaaS Financing Status Venture Capital-Backed Employees 100 Contact Information Primary Contact Primary Office Brandon Krieg 19 West 22nd Street Co-Founder. Chief Executive Officer and Board Member 12th Floor New York, NY 10010 Phone: +1 (800) 205-5164 United States Phone: +1(800) 205-5164 Top 5 Similar Companies S Name Competitor Financing Status HQ Growth Size Last Last Financing Location Rate Multiple Financing Amount Date/Type 1 SigFig 1 Venture Capital- San 0.10% 35.68x 2018/Series E $50.75M Backed Francisco, CA 2 FutureAdvisor 1 Accelerator/Incubator San -0.75% 44.79x 2015 $152.00M Backed Francisco, CA I of 25 2/26/19, 5:38 PM EFTA00812016  3 Motif Venture Capital- Rancho 5.36% 40.36x 2015/Series E 540.00M (Financial Backed Cordova, Software) CA 4 Personal Venture Capital- Redwood 0.45% 183.41x 2019/Series F 550.00M Capital Backed City, CA S PayActiv 1 Private Equity- San Jose. -0.16% 4.67x 2018/PE 520.00M Backed CA Growth Comparisons Os Stash Invest SigFig le FutureAdvisor "-"" Motif (Financial Software) Description Provider of an Developer of a wealth Provider of an Provider of an investment application management platform automated wealth investment trading designed to simplify designed to offer management and platform designed to investing. investment advisory financial advisory empower customers to services. platform intended to meet their investment make wealth goals. management experience accessible to everyone. Primary Industry Application Software Financial Software Financial Software Financial Software HQ Location New York, NY San Francisco. CA San Francisco, CA Rancho Cordova, CA Employees 100 I 2018 50 12015 85 I 2015 164 12015 Total Raised 5116.75M 5117.80M 521.80M 5126.00M Post Valuation 5350.00M 112-Feb-2018 $470.75M 13-Jun-2018 5152.00M 102-Sep-2015 5436.43M 120-Jan-2015 Last Financing 537.50M 12018/Later 550.75M 2018/Later 5152.00M 12015/Merger 540.0014 12015/Later Details Stage VC (Series D) Stage VC (Series E) /Acquisition Stage VC (Series El Current Executives (12) Name Title Board Office Phone Email Seats Brandon Krieg Co-Founder, Chief 1 New York, NY +1 (800) Executive Officer 205.5164 and Board Member Ed Robinson President, Co. 1 New York, NY +1 (800) Founder and Board 205.5164 Member Peter Kalmakis Chief Technology New York, NY +1 (800) Officer 205.5164 Dale Sperling Chief Marketing New York, NY +1 (800) Officer 205.5164 Adrien Pesa Deputy CCO New York, NY +1 (800) 205.5164 Dougal Weir Research Analyst New York, NY +1 (917) 733.4010 2 of 25 2/26/19.5:38 PM EFTA00812017  Shiv Kaushal Software Engineer New York, NY +1 (917) 733.4010 Ryan Burke Vice President, New York, NY +1 (800) Brokerage & 205.5164 Compliance Cliff Hazelton Vice President, New York, NY +1 (800) Engineering 205.5164 Garrett Wright Vice President, New York, NY +1 (800) Finance 205.5164 Natalie Vice President of New York, NY +1 (800) Ledbetter People 205.5164 Gifford Carter JD Chief Revenue New York, NY +1 (800) Officer 205.5164 Current Board Members (4) Name Title Representing Role Since Phone Email Andrew Co-Founding Velar Ventures Board Feb McCormack Partner & Member 2016 General Partner Brandon Krieg Co-Founder, Stash Invest Co- Jun +1 (800) Chief Executive Founder, 2015 205.5164 Officer and Chief Board Member Executive Officer and Board Member Chi-Hua Chien Co-Founder & Goodwater Capital Board Feb Managing Member 2016 Partner Ed Robinson President, Co. Stash Invest President, Jul 2015 +1 (800) Founder and Co- 205.5164 Board Member Founder and Board Member Deal History (5) # Deal Type Date Amount Raised to Pre-Val Post-Val Status Stage Date 5. Later Stage VC 12- S37.50M $116.75M S312.50M $350.00M Completed Generating (Series D) Feb-2018 Revenue 4. Later Stage VC 10-Jul-2017 S42.00M 479.25M S223.00M $265.0014 Completed Generating (Series C) Revenue 3. Early Stage VC 14- S25.00M 437.25M S75.00M $100.0014 Completed Generating (Series B) Dec-2016 Revenue 30125 2/26/19. 5:38 PM EFTA00812018  2. Early Stage VC 17- $9.25M 412.24M 523.89M $33.14M Completed Startup (Series A) Aug-2016 1. Seed Round 08- $3.00M 43.00M 412.75M 415.75M Completed Startup Feb-2016 t Indicates an Add-On E Estimated CAP TABLE HISTORY (as of 12-Feb-2018) Stock # Of Shares Par Dividend Original Liquidation Liquidation Conversion % Authorized Value Rate S Issue Pref. Price Owned Price Multiple Series 2,542,475 $0.000010 $0.89 $14.75 $14.75 lx $14.75 10.71% Series 3,392,568 $0.000010 $0.74 $12.38 $12.38 lx $12.38 14.30% C Series 4,018,574 $0.000010 $0.37 $6.19 $6.19 lx $6.19 16.93% B Series 3,310,188 $0.000010 $0.17 $2.79 $2.79 lx $2.79 13.95% A Seed 1,628,291 $0.000010 $0.11 $1.84 $1.84 lx $1.84 6.86% 2 Seed 1,147,725 $0.000010 $0.07 $1.15 $1.15 lx $1.15 4.84% 1 Series Terms for: A, B, C, D, Seed 1, Seed 2 (as of 12-Feb-2018) Liquidation Preferences Pad Passu Cumulative/Non-cumulative Non-Cumulative Participating vs. Non- Non-participating Anti-dilution Provisions Weighted participating Average Dividend Rights Yes Redemption Rights No Board Voting Rights Yes General Voting Rights Yes Deal #5: Later Stage VC (Series D), $37.5M, Completed; 12-Feb-2018 VC Round 5 Round Financing Venture Capital- Total $37.50M Deal Types Later Stage VC, Series Status Backed Invested D Financing Venture Capital Capital Deal $37.50M Source Pre-money $312.50M Amount Raised to Date Valuation $116.75M Deal Status Completed Post $350.00M Total Invested $37.50M Valuation Deal Date 12-Feb-2018 Equity CEO/Lead Brandon Krieg % Acquired 10.71% Investor 67.59% Mgt Ownership Site New York, NY Stock Split 1:1 Business Generating Status Revenue Deal Synopsis The company raised $37.50 million of Series D venture funding in a deal led by Union Square Ventures on February 12, 2018, putting the company's pre-money valuation at $312.5 million. Breyer Capital, Goodwater Capital, Valar Ventures, Entrée Capital and Coatue Management also participated in the round. The funds will be used to continue to accelerate product innovation. 4 of 25 2/26/19.5:38 PM EFTA00812019  t Not necessarily a summation of individual debt figures " Does not include grant funding E Estimated Stock Info + Cap Table History Type of Stock Preferred # of Shares Acquired 2,542,475 Series of Stock D Conversion Ratio 1 Shares Sought 2,542,475 Price Per Share $14.75 E Shares Sought and Price Per Share calculated using the Weighted Average Method SERIES D TERMS Participating vs. Non- Non-participating Cumulative/Non-cumulative Non-Cumulative participating Anti-dilution Provisions Weighted Dividend Rights Yes Average Redemption Rights No Board Voting Rights Yes General Voting Rights Yes CAP TABLE HISTORY Stock # Of Shares Par Dividend Original Liquidation Liquidation Conversion Authorized Value Rate S Issue Pref. Price Owned Price Multiple Series 2,542,475 $0.000010 $0.89 $14.75 514.75 lx $14.75 10.71% D Series 3,392,568 $0.000010 $0.74 $12.38 512.38 lx $12.38 14.30% C Series 4,018,574 $0.000010 $0.37 56.19 $6.19 lx $6.19 16.93% B Series 3,310,188 $0.000010 $0.17 52.79 $2.79 lx $2.79 13.95% A Seed 1,628,291 $0.000010 $0.11 51.84 $1.84 lx $1.84 6.86% 2 Seed 1,147,725 $0.000010 $0.07 $1.15 $1.15 lx $1.15 4.84% 1 Investors (6) Investor Name Status Lead/Sole Comments 1. Breyer Capital Follow-On No Lead Partner: James Breyer Investor Form of Payment: Cash Fund 1: IDG China Capital Fund II 2. Coatue Management Follow-On No Lead Partner: Philippe Laffont Investor Form of Payment: Cash Fund 1: Coatue CT XIII 5 of 25 2/26119.5:38 PM EFTA00812020  3. Entree Capital Follow-On No Form of Payment: Cash Investor 4. Goodwater Capital Follow-On No Lead Partner: Chi-Hua Chien Investor Form of Payment: Cash Fund 1: Goodwater Capital II 5. Union Square Ventures New Investor Yes Lead Partner: Rebecca Kaden Form of Payment: Cash Fund 1: USV 2016 6. Valar Ventures Follow-On No Lead Partner: Andrew McCormack Investor Form of Payment: Cash Fund 1: Valar Global Fund II E Estimated Advisors (6) # Advisor Name Service Type Hired By Comments 1. Orrick, Herrington & Sutcliffe Legal Advisor Coatue Management 2. Orrick, Herrington & Sutcliffe Legal Advisor Goodwater Capital 3. McCarter & English Legal Advisor Stash Invest Lead Partner: David Sorin JD 4. WilmerHale Legal Advisor Stash Invest 5. Gunderson Dettmer Legal Advisor Union Square Ventures 6. Orrick, Herrington & Sutcliffe Legal Advisor Valar Ventures Deal #4: Later Stage VC (Series C), $42M, Completed; 10-Jul-2017 VC Round 4 Round Financing Venture Capital- Total 542.OOM Deal Types Later Stage VC, Status Backed Invested Series C Financing Venture Capital Capital Deal Amount $42.00M Source Pre-money 5223.OOM Raised to Date Valuation Deal Status Completed 879.25M — Post 5265.OOM Deal Date 10•Jul-2017 Total Invested $.42.00M Valuation Equity Announced 28-Jun-2017 CEO/Lead Brandon Krieg Date Investor 63.90% Mgt Ownership % Acquired 15.85% Site New York, NY Stock Split 1:1 Business Generating Status Revenue 6 of 25 2/26/19.5:38 PM EFTA00812021  Deal Synopsis The company raised $42 million of Series C venture funding in a deal led by Coatue Management on July 10, 2017, putting the company's pre-money valuation at 5223 million. Breyer Capital, Goodwater Capital and Valar Ventures also participated in the round. The fund will be used to accelerate the company's investments in technology and data analytics, to better serve its growing community of investors with more personalization, educational tools, and new products. t Not necessarily a summation of individual debt figures " Does not include grant funding E Estimated Stock Info + Cap Table History Type of Stock Preferred # of Shares Acquired 3,392,568 Series of Stock C Conversion Ratio 1 Shares Sought 3,392,568 Price Per Share $12.38 S Shares Sought and Price Per Share calculated using the Weighted Average Method SERIES C TERMS Liquidation Preferences Pari Passu Cumulative/Non-cumulative Non-Cumulative Participating vs. Non- Non-participating Anti-dilution Provisions Weighted participating Average Dividend Rights Yes Redemption Rights No Board Voting Rights Yes General Voting Rights Yes CAP TABLE HISTORY Stock # Of Shares Par Dividend Original Liquidation Liquidation Conversion Authorized Value Rate S Issue Pref. Price Owned Price Multiple Series 3,392,568 $0.000010 $0.74 $12.38 512.38 lx $12.38 15.85% C Series 4,038,772 $0.000010 $0.37 56.19 $6.19 lx $6.19 18.87% B Series 3,310,188 $0.000010 $0.17 52.79 $2.79 lx $2.79 15.46% A Seed 1,628,291 $0.000010 $0.11 51.84 $1.84 lx $1.84 7.61% 2 Seed 1,309,277 $0.000010 $0.07 $1.15 $1.15 lx $1.15 6.12% 1 Investors (4) Investor Name Status Lead/Sole Comments 1. Breyer Capital Follow-On No Lead Partner: James Breyer Investor Form of Payment: Cash Fund 1: IDG China Capital Fund 2. Coatue Management New Investor Yes Lead Partner: Philippe Laffont 7 of 25 2/26/19.5:38 PM EFTA00812022  Form of Payment: Cash Fund 1: Coatue CT XIII 3. Goodwater Capital Follow•On No Lead Partner: Chi•Hua Chien Investor Form of Payment: Cash Fund 1: Goodwater Capital I 4. Valar Ventures Follow•On No Lead Partner: Andrew McCormack Investor Form of Payment: Cash Fund 1: Valar Global Fund II E Estimated Advisors (3) # Advisor Name Service Type Hired By Comments 1. Orrick, Herrington & Sutcliffe Legal Advisor Coatue Management Lead Partner: John Bautista 2. WilmerHale Legal Advisor Stash Invest 3. Gunderson Dettmer Legal Advisor Valar Ventures Deal #3: Early Stage VC (Series B), $25M, Completed; 14-Dec-2016 VC Round 3 Round Financing Venture Capital- Total 525.OOM Deal Types Early Stage VC, Series Status Backed Invested B Financing Venture Capital Capital Deal 525.OOM Source Pre-money 575.OOM Amount Raised to Date Valuation 537.25M — Deal Status Completed Post 5100.OOM Total Invested $25.00M Valuation Deal Date 14-Dec-2016 Equity CEO/Lead Brandon Krieg % Acquired 25.00% Investor 63.67% Mgt Ownership Site New York, NY Stock Split 1:1 Business Generating Status Revenue Deal Synopsis The company raised 525 million of Series B venture funding in a deal led by Valar Ventures on December 14, 2016, putting the pre•money valuation at $75 million. Goodwater Capital, Entrée Capital and Breyer Capital also participated in the round. The funds will be used to continue to develop new features, services and products; including its free educational hub, Learn. * Not necessarily a summation of individual debt figures •• Does not include grant funding E Estimated Stock Info + Cap Table History 8 of 25 2/26/19.5:38 PM EFTA00812023  Type of Stock Preferred # of Shares Acquired 4,038,772 Sehlictsdtalttotod Price Per Sharelitalculatecl using the Weighted ACISMeatiffitnciRatio 1 4.038,772 sPeeissirileirms Price Per Share $6.19 Liquidation Preferences Pad Passu Cumulative/Non-cumulative Non-Cumulative Participating vs. Non- Non-participating Anti-dilution Provisions Weighted participating Average Dividend Rights Yes Redemption Rights No Board Voting Rights Yes General Voting Rights Yes CAP TABLE HISTORY Stock # Of Shares Par Dividend Original Liquidation Liquidation Conversion Authorized Value Rate S Issue Pref. Price Owned Price Multiple Series 4.038,772 $0.000010 50.37 $6.19 $6.19 lx $6.19 25.00% B Series 3,310,188 $0.000010 50.17 52.79 $2.79 lx $2.79 20.49% A Seed 1,628,291 $0.000010 50.11 51.84 $1.84 lx $1.84 10.08% 2 Seed 1,309,277 $0.000010 50.07 $1.15 $1.15 lx $1.15 8.10% 1 Investors (4) Investor Name Status Lead/Sole Comments 1. Breyer Capital New Investor No Lead Partner: James Breyer Form of Payment: Cash 2. Entree Capital Follow-On No Form of Payment: Cash Investor 3. Goodwater Capital Follow-On No Lead Partner: Chi-Hua Chien Investor Form of Payment: Cash Fund 1: Goodwater Capital I 4. Velar Ventures Follow-On Yes Lead Partner: Andrew McCormack Investor Form of Payment: Cash E Estimated Advisors (2) # Advisor Name Service Type Hired By Comments 1. McCarter & English Legal Advisor Stash Invest Lead Partner: David Sorin JD 9 of 25 2/26/19.5:38 PM EFTA00812024  2. Gunderson Dettmer Legal Advisor Valar Ventures Deal #2: Early Stage VC (Series A), $9.25M, Completed; 17-Aug-2016 VC Round 2 Round Financing Venture Capital- Total Invested $9.25M Deal Types Early Stage VC, Series Status Backed Capital A Financing Venture Capital Pre-money $23.89M Deal $9.25M Source Valuation Amount Raised to Date $12.25M Post Valuation $33.14M Deal Status Completed Total Invested $9.25M CEO/Lead Mgt Brandon Deal Date 17-Aug-2016 Equity Krieg % Acquired 28.57% Investor 53.92% Site New York, Ownership NY Stock Split 1:1 Business Status Startup Deal Synopsis The company raised 59.25 million of Series A venture funding from lead investor Goodwater Capital on August 17, 2016, putting the company's pre-money valuation at 523.89 million. Valar Ventures and Entree Capital also participated. The company intends to use the funds to accelerate user growth and to build out its technology platform. * Not necessarily a summation of individual debt figures •• Does not include grant funding E Estimated Stock Info + Cap Table History Type of Stock Preferred # of Shares Acquired 3,310,192 Series of Stock A Conversion Ratio 1 Shares Sought 3,310,192 Price Per Share $2.79 E Shares Sought and Price Per Share calculated using the Weighted Average Method SERIES A TERMS Liquidation Preferences Pad Passu Cumulative/Non-cumulative Non-Cumulative Participating vs. Non- Non.participating Anti-dilution Provisions Weighted participating Average Dividend Rights Yes Redemption Rights No Board Voting Rights Yes General Voting Rights Yes CAP TABLE HISTORY Stock # Of Shares Par Dividend Original Liquidation Liquidation Conversion Authorized Value Rate S Issue Pref. Price Owned Price Multiple Series 3.310,192 $0.000010 $0.17 52.79 $2.79 lx $2.79 28.57% A Seed 1.628,311 $0.000010 $0.11 51.84 $1.84 lx $1.84 14.05% 2 Seed 1.309,277 $0.000010 $0.07 51.15 $1.15 lx $1.15 11.30% 1 Investors (3) 10 of 25 2/26/19.5:38 PM EFTA00812025  Investor Name Status Lead/Sole Comments 1. Entree Capital Follow-On No Form of Payment: Cash Investor 2. Goodwater Capital Follow-On Yes Lead Partner: Chi•Hua Chien Investor Form of Payment: Cash Fund 1: Goodwater Capital I 3. Valar Ventures Follow-On No Lead Partner: Andrew McCormack Investor Form of Payment: Cash E Estimated Advisors (7) # Advisor Name Service Type Hired By Comments 1. Red Oak Compliance Solutions Consulting Stash Invest 2. JPMorgan Chase General Stash Invest Business Banking 3. Orrick, Herrington & Sutcliffe Legal Advisor Goodwater Capital Lead Partner: Harold Yu 4. Haynes and Boone Legal Advisor Stash Invest 5. Lowenstein Sandler Legal Advisor Stash Invest 6. McCarter & English Legal Advisor Stash Invest Lead Partner: David Sorin JD 7. Gunderson Dettmer Legal Advisor Valar Ventures Initial Deal Preferences Target Open Date 12-Aug•2016 Stock Type Preferred Target Low $9.25M Amount Committed $9.07M Deal #1: Seed Round, $3M, Completed; 08-Feb-203.6 VC Round 1 Round Financing Venture Capital- Total Invested $3.00M Deal Types Seed Round Status Backed Capital Deal Amount $3.00M Financing Venture Capital Pre-money $12.75M Source Valuation Deal Status Completed Raised to Date 53.OOM " Post Valuation $15.75M Deal Date 08-Feb-2016 Total invested $3.OOM CEO/Lead Mgt David `Ye Acquired 16.39% Ronick Equity 11 of 25 2/26/19.5:38 PM EFTA00812026  Stock Split 1:1 Site New York, NY