Fundraising Fox
ethic
500 GlobalNew York, US · Founded 2015 · 147 employees on LinkedIn · 16 known investors
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Ethic offers direct indexing and tax-smart portfolio management, providing customizable passive portfolios engineered for tax efficiency, factor exposures, and values alignment. Its platform serves financial advisors and investment teams managing ETF and mutual fund models through an automated tax-management engine.
Founders & leadership
ethic was founded in 2015 by Doug Scott, Jay Lipman, Johny Mair, and Jordan Lipman.
Board
Investors · 16
How we know: open dataset · 500 Global portfolio 2026-08 · Not right? Tell us
How we know: Better Tomorrow Ventures's portfolio page · the VCSheet dataset · Not right? Tell us
How we know: Farvatn Venture's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Fifty Years's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Kapor Capital's portfolio page · Not right? Tell us
How we know: Kima Ventures's portfolio page · Not right? Tell us
How we know: Nyca's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Nyca Partners's portfolio page · Not right? Tell us
How we know: Oak HC/FT's portfolio page · board seat on SEC Form D · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Planet 9 Capital's portfolio page · Not right? Tell us
How we know: Urban Innovation's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: the VCSheet dataset · Not right? Tell us
How we know: funding news · Not right? Tell us
Also in the syndicate · 1
Funding
SEC filings, press & company announcements$206.9M disclosed across 5 of 6 rounds · 2018–2025
- $64MSeries DApr 2025 · 2 sources
State Street Global Advisors (lead)
Source ↗
▶$44MraisedMay 2025 · 1 investors · InvestingRule 506(b)
- Jordan LipmanExecutive Officer, Director
- Douglas ScottExecutive Officer, Director
- Matt StreisfeldDirector
- Stephanie DiMarcoDirector
- Jennifer GrancioDirector
- Offering amount
- $44M
- Amount sold
- $44M
- First sale
- Jan 2025
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$50MraisedSep 2022 · 18 investors · InvestingRule 506(b)
- Jennifer GrancioDirector
- Douglas ScottExecutive Officer, Director
- Stephanie DiMarcoDirector
- Dan PetrozzoDirector
- John MairDirector
- Jordan LipmanExecutive Officer, Director
- Offering amount
- $50M
- Amount sold
- $50M
- First sale
- Apr 2022
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$29MraisedMar 2021 · 13 investors · InvestingRule 506(b)
- Douglas ScottExecutive Officer, Director
- Jordan LipmanDirector
- John MairDirector
- Stephanie DiMarcoDirector
- Jennifer GrancioDirector
- Dan PetrozzoDirector
- Offering amount
- $29M
- Amount sold
- $29M
- First sale
- Dec 2020
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$19.9MraisedJun 2019 · 58 investors · InvestingRule 506(b)
- Douglas ScottExecutive Officer, Director
- John MorrisDirector
- John MairDirector
- Jordan LipmanDirector
- Offering amount
- $19.9M
- Amount sold
- $19.9M
- First sale
- Jun 2019
- Incorporated
- Corporation, Delaware, 2015
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
In the news
Frequently asked questions
- What does ethic do?
- Ethic offers direct indexing and tax-smart portfolio management, providing customizable passive portfolios engineered for tax efficiency, factor exposures, and values alignment. Its platform serves financial advisors and investment teams managing ETF and mutual fund models through an automated tax-management engine.
- Who founded ethic?
- ethic was founded by Doug Scott, Jay Lipman, Johny Mair, Jordan Lipman in 2015.
- Who are ethic's investors?
- ethic's investors include 500 Global, Better Tomorrow Ventures, Blackhorn Ventures, Farvatn Venture, Fifty Years, Kapor Capital, Kima Ventures, Nyca and 7 more.
- How much funding has ethic raised?
- ethic has disclosed $206.9M raised across 5 of its 6 known rounds.
- Where is ethic headquartered?
- ethic is headquartered in New York, US.