EFTA00812016

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 Business Status Startup Deal Synopsis The company raised $3 million of seed funding from lead investor Goodwater Capital on February 8, 2016, putting the pre- money valuation at $12.75 million. Valar Ventures and Entree Capital also participated. The company will use the funding to support the continued growth and development of the app, including new product features and expansion to the Android platform. t Not necessarily a summation of individual debt figures •• Does not include grant funding E Estimated Stock Info + Cap Table History Shares Sought 1,628,311 # of Shares Acquired 1,356,926 Price Per Share $1.84 Conversion Ratio 1 E. Shares Sought and Price Per Share calculated using the Weighted Average Method SEED 2 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 Par Dividend Original Liquidation Liquidation Conversion % Shares Value Rate $ Issue Pref. Price Owned Authorized Price Multiple Seed 1,628.311 50.000010 $0.11 $1.84 51.84 lx 51.84 -500.00% 2 Seed 1,309.285 50.000010 $0.07 $1.15 51.15 lx 51.15 -482.45% 1 Investors (3) Investor Name Status Lead/Sole Comments 1. Entrée Capital New Investor No Form of Payment: Cash 2. Goodwater Capital New Investor Yes Lead Partner: Chi-Hua Chien Form of Payment: Cash Fund 1: Goodwater Capital I 3. Valar Ventures New Investor No Lead Partner: Andrew McCormack Form of Payment: Cash E Estimated Advisors (1) 1.2of25 2/26/19, 5:38 PM EFTA00812027 # Advisor Name Service Type Hired By Comments 1. McCarter & English Legal Advisor Stash Invest Lead Partner: David Sorin JD Tranches (1) Tranche Date Amount Financing Type Comments 1. 12•Aug•2015 $1.51M Bridge Stock Type: Promissory Notes Tranche Size Actual Status: Conversion Yes Status: Investors (6) Active Investors (6) Name Investor Type Holding Investor Board Related Deals Since Union Square Ventures Venture Capital Minority Feb 2018 #5. Later Stage VC (Series D): New Investor, Feb 2018, Rebecca Kaden, $37.50M Coatue Management Hedge Fund Minority Jul 2017 #4. Later Stage VC (Series C): New Investor, Jul 2017, Philippe Laffont, $42.00M #5. Later Stage VC (Series D): Follow- on, Feb 2018, Philippe Laffont, $37.50M Breyer Capital PE/Buyout Minority Dec 2016 #3. Early Stage VC (Series B): New Investor, Dec 2016, James Breyer, $25.00M #4. Later Stage VC (Series C): on, Jul 2017, James Breyer, $42.00M #5. Later Stage VC (Series D): Follow- on, Feb 2018, James Breyer, $37.50M Entrée Capital Venture Capital Minority Feb 2016 #1. Seed Round: New Investor, Feb 2016, $3.00M #2. Early Stage VC (Series A): Follow- on, Aug 2016, $9.25M #3. Early Stage VC (Series B): Follow- on, Dec 2016, $25.00M #5. Later Stage VC (Series DI: Follow- on, Feb 2018, $37.50M Goodwater Capital Venture Capital Minority Feb 2016 V #1. Seed Round: New Investor, Feb 2016, Chi-Hua Chien, $3.00M 13 of 25 2/26/19.5:38 PM EFTA00812028 #2. Early Stage VC (Series A): Follow- on, Aug 2016, Chi-Hua Chien, $9.25M #3. Early Stage VC (Series B): Follow- on, Dec 2016, Chi•Hua Chien, 525.00M #4. Later Stage VC (Series C): Follow- on, Jul 2017, Chi•Hua Chien, $42.00M #5. Later Stage VC (Series D): Follow- on, Feb 2018, Chi-Hua Chien, $37.SOM Valar Ventures Venture Capital Minority Feb 2016 vi #1. Seed Round: New Investor, Feb 2016, Andrew McCormack, 53.00M #2. Early Stage VC (Series A): Follow- on, Aug 2016, Andrew McCormack, $9.25M #3. Early Stage VC (Series B): Follow- on, Dec 2016, Andrew McCormack, $25.00M #4. later Stage VC (Series C): Follow- on, Jul 2017, Andrew McCorrnack, $42.00M #5. Later Stage VC (Series D): Follow- on, Feb 2018, Andrew McCormack, $37.50M Service Providers General Service (4) Service Provider Name Service Provided Comments Haynes and Boone Legal Advisor Contact: Kit Addleman JO IPMorgan Chase General Business Banking Lowenstein Sandler Legal Advisor Red Oak Compliance Solutions Consulting Service on a Deal (19) Service Provider Service Provided Service To Deal Date Deal # Comments Name Gunderson Dettmer Legal Advisor Union Square 12- 5 Ventures Feb-2018 McCarter & English Legal Advisor Stash Invest 12- 5 Feb-2018 Orrick, Herrington & Legal Advisor Goodwater 12- 5 Sutcliffe Capital Feb-2018 Orrick, Herrington & Legal Advisor Coatue 12- 5 Sutcliffe Management Feb-2018 14of25 2/26/19, 5:38 PM EFTA00812029 Orrick, Herrington & Legal Advisor Valar Ventures 12• 5 Sutcliffe Feb•2018 WilmerHale Legal Advisor Stash Invest 12• 5 Contact: Stephanie Evans Feb•2018 Gunderson Dettmer Legal Advisor Valar Ventures Orrick, Herrington & Legal Advisor Coatue 10•Jul•2017 Sutcliffe Management WilmerHale Legal Advisor Stash Invest 10•Jul•2017 4 Contact: Stephanie Evans Gunderson Dettmer Legal Advisor Valar Ventures 14• 3 Dec•2016 McCarter & English Legal Advisor Stash Invest 14• 3 Dec•2016 Gunderson Dettmer Legal Advisor Valar Ventures 17- 2 Aug•2016 Haynes and Boone Legal Advisor Stash Invest 17- 2 Contact: Kit Addleman JD Aug•2016 JPMorgan Chase General Business Stash Invest 17- 2 Banking Aug•2016 Lowenstein Sandler Legal Advisor Stash Invest 17- 2 Aug•2016 McCarter & English Legal Advisor Stash Invest 17- 2 Aug•2016 Orrick, Herrington & Legal Advisor Goodwater 17• 2 Sutcliffe Capital Aug•2016 Red Oak Compliance Consulting Stash Invest 17- 2 Solutions Aug•2016 McCarter & English Legal Advisor Stash Invest 08• 1 Feb•2016 Former General Service (2) Service Provider Name Service Provided Comments McCarter & English Legal Advisor Orrick, Herrington & Sutcliffe Legal Advisor Lead Partners on Deals (22) Investors (16) Name All Title Representing Deals Phone Email Deals 15 425 2/26/19.5:38 PM EFTA00812030 Andrew McCormack 12 Co-Founding Valor Ventures #5. Later Stage VC Partner & General (series 0): Feb Partner 2018, $37.50M, Completed Chl-Hua Chien 37 Co-Founder & Goodwater Capital #5. Later Stage VC Managing Partner (Series 13): Feb 2018, $37.50M, Completed James Breyer 94 Founder & Chief Breyer Capital #5. Later Stage VC +1(415) Executive Officer (Series D): Feb 310-6790 2018, $37.50M, Completed Philippe Laffont 3 Founder & Chief Coatue Management 05. Later Stage VC +1(212) Executive Officer (Series D): Feb 715-5100 2018, $37.50M, Completed Rebecca Kaden 5 Partner Union Square #5. Later Stage VC +1(212) Ventures (Series D): Feb 990-7880 2018, $37.50M, Completed Andrew McCormack 12 Co-Founding Valor Ventures #4. Later Stage VC Partner & General (Series C): Jul Partner 2017, $42.00M, Completed Chl-Hua Chien 37 Co-Founder & Goodwater Capital *4. Later Stage VC Managing Partner (Series C): Jul 2017, $42.00M, Completed James Breyer 94 Founder & Chief Breyer Capital *4. Later Stage VC +1(415) Executive Officer (Series C): Jul 310-6790 2017, 502.00M, Completed Philippe Laffont 3 Founder & Chief Coatue Management MC Later Stage VC +1(212) Executive Officer (Series C): Jul 715-5100 2017, S42.00M, Completed Andrew McCormack 12 Co.Founding valet Ventures #3. Early Stage VC Partner & General (Series B): Dec Panne, 2016, $25.00M, Completed Chl-Hua Chien 37 Co.Founder Goodwater Capital #3. Early Stage VC Managing Partner (Series 8): Dec 2016, $25.00M, Completed James Breyer 94 Founder & Chief Breyer Capital #3. Early Stage VC +1(415) Executive Officer (Series B): Dec 310-6790 2016, $25.00M, Completed Andrew 'McCormack 12 Co-Founding Valor Ventures #2. Early Stage VC Partner & General (Series A): Aug Partner 2016, $9.25M, Completed Chl-Hua Chien 37 Co-Founder & Goodwater Capital 02. Early Stage VC Managing Partner (Series A): Aug 2016, $9.25M, Completed Andrew McCormack 12 Co-Founding Velar Ventures #1. Seed Round: Partner & General Feb 2016, 53.00M, Partner Completed 16 of 25 2/26/19,5:38 PM EFTA00812031 Chl-Hua Chien 37 Co.Founder & Goodwater Capital 91. Seed Round: Managing Banner Feb 2016, S3.OOM, competed Service Providers - Sell Side (4) Name All Title Representing Deals Phone Email Deals David &DM JD 230 Partner & Co- McCarter & English 95. Later Stage VC +11732) chairman, Venture (Series Di: Feb B67-9742 Capital & Emerging 2018, 537.50M, Growth Companies completed David Sorin JD 230 Partner & Co- McCarter & English 93. Early Stage VC +11732) chairman, Venture (Series B): Dec B67-9742 Capital & Emerging 2016, S25.OOM, Growth Companies completed David Sorin JD 230 Partner & co- McCarter & English 92. Early Stage VC +1(732) chairman, Venture (Series A): Aug 867-9742 Capital & Emerging 2016, 59.25M, Growth Companies completed David Sarin JD 230 hanner& co- McCarter & English at. Seed Round: +1(732) chairman, Venture Feb 2016. S3.OOM, 867-9742 Capital & Emerging completed Growth Companies Service Providers - Buy Side (2) Name All Title Representing Deals Phone Email Deals John Bautista 196 Partner OniCk. Herrington & 94. Later Stage VC +1 (212) Sutcliffe 'Series C): Jul 2017. 506-5000 142.OOM, completes Harold Yu 53 Rattner OniCk. Herrington & 92. Early Stage VC +1 (212) Sutcliffe 'Series A): Aug 506-5000 2016. 59.25M, completed Market Information Competition The company's competitors include Oapital, Digit, Motif (Financial Software), Personal Capital, FutureAdvisor, SigFig, PayActiv Signals Summary This company has a weekly growth rate of 0.58%, placing it in the 95th percentile of all growth rates tracked within PitchBook. Its underlying data points generate a size multiple that is 523x times larger than the median of all size multiples tracked within PitchBook, placing it in the 100th percentile of all size multiples tracked within PitchBook. 17 of 25 2/26/19. 5:38 PM EFTA00812032 Growth Rate Summary (Weekly) Size Multiple Summary (x Median) Twitter Followers Social Twitter Followers Social 29,753 0.78% 29,753 83.0x Similar Web Unique Similar Web Unique Visitors Visitors 103,667 103,667 Web 0.58% Web 523x GIO•th SUM Sin Multiple 4 '8" 95th ptICOntilo 96.3x ICON pore...8M Majestic Referring Majestic Referring Domains Domains 1,586 1.586 Mobile App Reviews Mobile Mobile App Reviews Mobile 83,775 1.79% 83,775 1.39Kx Signals History Growth Rate History Size Multiple History 10.0 Laic I.6K 7.5 I.AK I.2K 5.0 I.OK 2.5 800 600 0.0 400 200 I I I I 23 Sep '18 Oct 18 Nov'18 Dec 18 Jan '19 Feb '19 Sap '18 Oct 18 Nov '18 Doc '18 Jan '19 Fab '19 es Growth Rate es Web Growth Rata Sze Molople Web Size Multiple Social Growth Rate Mobile Growth Rate Es Social Size MuIt pie Mobile Stze Multiple Social Media Signals Twitter Followers 29,753 18 of 25 2/26/19,5:38 PM EFTA00812033 31.0K 28.8K 26.7K 24.5K Sep'18 Oct 1 8 Nov 1 8 Doc '18 Jan '19 Feb19 Twitter Folbvters Calculation Range 0 Metric Stash Invest All Companies Average Twitter Followers 29.753 11,958 Growth Rate 0.78% 0.10% Growth Rate 98th 44th Percentile Size Multiple 83.0x 34.0x Size Multiple 98th 50th Percentile Web Signals SimilarWeb Unique Visitors 103,667 Majestic Referring Domains 1,586 170K 1.65K 140K 156K 110K 147K 80K 1.38K Seia'18 Oa 18 Nov 1 8 Doc 18 Jan19 Fob 19 Sop'18 Oct 1 8 Nov18 Dec18 Jan '19 Fab 19 UniqueMstors Cakulation Range 0 Referring Dynan, Cakulation Range 0 Metric Stash Invest All Metric Stash invest All Companies Companies Average Average SimIlarWeb Unique 103,667 21,451 Majestic Referring 1,586 365 Visitors Domains Growth Rate -2.13% -0.55% Growth Rate 0.45% -0.01% Growth Rate 20th 39th Growth Rate 93rd 23rd Percentile Percentile Size Multiple 146x 39.2x Size Multiple 46.9x 10.8x Size Multiple 98th 50th Size Multiple 98th 50th Percentile Percentile Ranking And Distribution Weekly Growth 0.58%, 95th %ile 19 of 25 2/26/19,5:38 PM EFTA00812034 a '0 50 90 100 Decline/Flat ALL ❑ Steady • Growing Fast Rapid I Stefli Invest Percentile Min Rate Max Rate Avg. Rate 0.10 -44.0% -0.16% -1.34% 10-20 -0.15% 0.00% -0.01% 20-30 - 30.40 - - 40.50 - - 50.60 - - 60.70 - - 70.80 0.01% 0.03% 0.02% »4o 0.04% 0.26% 0.13% 90.100 0.27% 497% 1.21% Size Multiple 523; 100th %ile 0 10 SC 0.00x • %Small ■ Small ø Average Ao. 4L 01 Large • %Large I 131Kx Stash Invest Percentile Min Size Max Size Avg. Size 0.10 0.00x 0.12x 0.07x 10.20 0.13x 0.26x 0.20x 20.30 0.27x 0.44x 0.36x 30.40 0.45x 0.65x 0.55x 40.50 0.66x 0.99x 0.81x 50.60 1.00x 1.49x 1.22x 60.70 1.50x 2.35x 1.88x 70.80 2.36x 4.15x 3.12x »4o 4.16x 10.7x 6.59x 90.100 10.7x 131Kx 117x Employee Signals Company Employee Growth Rate Growth Size Multiple Size 20 of 25 2/26/19, 5:38 PM EFTA00812035 Count Percentile Percentile Stash Invest 100 All Companies Average 2,626 0.28% 49th 22.6x 50th Mobile Signals Primary Mobile App Stash: Invest. Learn. Save. ***tit Category: Finance, Education Price: Free Stash is a personal finance and investment app that helps you save money and Invest In select individual stocks and curated funds (ETFs), starting with just $5. What's New? Banking Is coming to STASH! Were offering a debit account with zero set-up, monthly, minimum balance, or overdraft fees. -- STASH for your life with:* Personal investment accounts * Retirement accounts with Roth and Traditional IRAs * Custodial accounts to invest for and with your children -- Every STASH subscription includes:* Coach - Personalized savings and investment advice* Learn - Financial education, guidance, and curated investment news* Auto-Stash - Save and invest automatically-- Safety & Security -- 256-bit encryption and Secure Sockets Layer (SSL)-to keep your money, identity, and personal information safe. Stash is an SEC registered investment adviser. While such registration does not imply a certain level of skill, it does require us to follow federal regulations that protect you - the investor. Our custodian is an SEC registered broker-dealer and a member of FINRA, NYSE, and SIPC. Securities in your account are protected up to $500,000 (including $250,000 for claims for cash). For details, please visit www.sipc.org.-- Investment account pricingEach account has one simple advisory fee. Invest and Custodial accounts cost $1 per month for balances under 55k. Retire accounts cost $2 per month for balances under $5k. All accounts with balances of 55k or more only cost 0.25% per year (Just $12.50 per year for a balance of 55k). We NEVER charge for deposits or withdrawals, and there are no add-on trading commissions. Disclosurel Other fees may apply.Banking services provided by Green Dot Bank and Stash Visa Debit card issued by Green Dot Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Visa is a registered trademark of Visa International Service Association. Green Dot Bank operates under the following registered trade names: GoBank, Green Dot Bank and Bonneville Bank. All of the registered trade names are used by, and refer to a single FDIC- insured bank, Green Dot Bank. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage. Green Dot is a registered trademark of Green Dot Corporation. O2018 Green Dot Bank. All rights reserved.Investment products and services are offered by Stash Investments LLC, not Green Dot Bank, and are Not FDIC Insured, Not Bank Guaranteed, and May Lose Value. Securities offered through Apex Clearing Corporation, Member FINRA/SIPC.Investing Involves Risk. Listed Investments currently available on Stash but not necessarily representative of all Investments. A full list of available investments on Stash can be found here: learn.stashinvest.com/stash-inv... Information shown is strictly for illustrative and educational purposes only and should not be considered a solicitation to buy, an offer to sell, or a recommendation for any security In any jurisdiction where such an offer, solicitation or recommendation would be unlawful or unauthorized. All product and company names are trademarks'" or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them. Any preliminary information provided to prospective clients prior to Stash accepting a signed advisory agreement does not constitute investment advice and should not be relied on as such. Stash Investments LLC ("Stash") is an SEC registered investment adviser. In order to open a Stash account, you must be at least 18 years of age and Stash Is only available to US citizens, permanent residents and select visa types. See www.stashinvest.com/disclosur... for more Info. 1. Clients may incur ancillary fees that are not part of wrap-fee.lf you receive a bonus offer, you agree to and accept the terms and conditions here: www.stashinvest.com/terms-and... 21 of 25 2/26/19,5:38 PM EFTA00812036 Mobile Reviews 83,775 MK 34K 76K 38K Sep '18 Oct '18 Nov '18 Dec'18 Jan '19 Feb '19 Mobile Reviews ■ Calculation Range Mobile Rating 1 Sep '18 Oct '18 Nov '18 Dec'18 Jan '19 Feb '19 iOS Rating Company Mobile Growth Rate Growth Size Multiple Size Reviews Percentile Percentile Stash Invest 83,775 1.79% 85th 1.39Kx 99th All Companies Average 12,446 1.20% 46th 228x 51st Today's Chart Ranking Fl (Top Free Applications) 33rd 1 21 411 61 Sep 18 Oct '18 Nov '18 Dec'18 Jan '19 Feb '19 Mobile Ranking Company signals data was calculated against 843696 companies within all companies. 22 of 25 2/26/19.5:38 PM EFTA00812037 Company Signals Population: Company Signals data is tracked for active companies (i.e. have not gone out of business) that haven't been exited from VC, PE, or Incubator/Accelerator. Social media presence is tracked only for companies that have a Twitter account; web presence is tracked only for companies whose websites are tracked by SimilarWeb and Majestic. News Breaking Banks: One robo-advisor's approach to simplifying wealth management Brandon Krieg, co-founder and CEO of StashInvest, shares what his company is doing to create a comfortable, "frictionless" point of entry for investing. American Banker I 13-Feb-2018 Tagged entities: Stash Invest, Brandon Krieg Stash Raises $37.5M in Series D NEW YORK, NY, Financial platform revolutionizing how millions of Americans invest and save, today announced it has raised $37.5 million in Series D funding. VC News Daily I 12-Feb-2018 Tagged entities: Stash Invest Microinvesting app Stash raises $40M The micro-investing app allows users, many of them first-time investors, to get started for as little as 55. American Banker 113-Jul-2017 Tagged entities: Stash Invest Stash raises $40 million Series C to make investing more approachable Stash raises 540 million Series C to make investing more approachable TechCrunch 113-Jul-2017 Tagged entities: Stash Invest Stash Secures $40M Series C Financing NEW YORK, NY, Stash, the financial technology platform that's revolutionizing investment and education for all Americans, announced today that it has raised $40 million in Series C funding. Click here for more funding data on Stash To export Stash... VC News Daily I 13-Jul-2017 Tagged entities: Stash Invest Stash Secures $40M in Series C Funding to Meet Massive Demand for Its Investing and Financial Education Platform Stash Secures $40M in Series C Funding to Meet Massive Demand for Its Investing and Financial PR NewsWire 113-Jul-2017 Tagged entities: Stash Invest Millennial-focused micro investment platform Stash raises US$25 million Series B round Millennial•focused micro investment platform Stash raises US$25 million Series B round New York-based mobile investment startup Stash, cofounded by Australian Ed Robinson, has today announced the closing of a US$25 million Series B round led by... 23 of 25 2/26/19. 5:38 PM EFTA00812038 StartupSmart 23-Dec-2016 Tagged entities: Stash Invest Stash Secures $25 mm in Series B Financing Led by Valar Ventures Stash Secures 525 mm in Series B Financing Led by Velar Ventures Target Overview Transaction Details SUGGEST TRANSACTION UPDATE Stash Invest http://www.stashinvest.com 27 W 24th Street New York, NY 10010 United States FinTech Sector:... FT Partners 14-Dec-2016 Tagged entities: Stash Invest Micro-investing aim Stash raises $25 million Series B Micro-investing app Stash raises $25 million Series B Stash, a mobile application that aims to make investing easier for those who aren't as financially experienced, has raised 525 million in Series B funding, the company announced today. The... TechCrunch 114•Dec-2016 Tagged entities: Stash Invest Mobile Investing App Stash Closes $25 Million Series B: Startup enables consumers to invest as little as $5 Mobile investing service Stash has raised $25 million four months after closing its Series A round.Valar Ventures led the Series B investment, joined by Breyer Capital, Goodwater Capital and Entrée Capital. VentureWire 14-Dec•2016 Tagged entities: Stash Invest Stash Raises $25M In Series B Funding By FinSMEs Stash , a NYC-based mobile investing app, raised $25M in Series B funding. The round was led by Velar Ventures, with participation from Breyer Capital, Goodwater Capital, and Entrée Capital. The company, which has raised $9.25m in... FinSMEs 114-Dec•2016 Tagged entities: Stach Invest Mobile Investing App Stash Raises $25 Million In Series B Funding Mobile Investing App Stash Raises 525 Million In Series B Funding Velar Ventures Leads Round; Platform Reaches 300,000 Users News provided by Dec 14, 2016, 06:30 ET Share this article NEW YORK, Dec. 14, 2016 /PRNewswire/ •• Stash makes investing... PR NewsWire 14-Dec•2016 Tagged entities: Stash Invest Stash Invest Secures $9.3 mm in Series A Financing Led by Goodwater Capital and Valar Ventures Stash Invest Secures $9.3 mm in Series A Financing Led by Goodwater Capital and Velar Ventures Target Overview Transaction Details SUGGEST TRANSACTION UPDATE Stash Invest http www.stashinvest.com 27 W 24th Street New York, NY 10010 United... FT Partners IS-Aug-2016 Tagged entities: Stash Invest Stash Raises $3M Seed Round for App for Novices to Stock Investing Stash Raises 53M Seed Round for App for Novices to Stock Investing Joo-Pierre S. Ruth February 9th, 2016 @jpruth @xconomy Like Us Share Share on Facebook Share on Twitter Linkedln Email Reprints The stock market might be cruel 24 of 25 2/26/19.5:38 PM EFTA00812039 and unforgiving... Xconomy I 09•Feb•2016 Tagged entities: Stash Invest Stash. the Investment Apo for MillenniaIs. Secures S3 Million in Seed Funding Stash, the Investment App for MillenniaIs, Secures $3 Million in Seed Funding Goodwater Capital, Valar Ventures, and Entre Capital Invest to Accelerate Stashs Growth February 09, 2016 0900 AM Eastern Standard Time NEW YORK—(BUSINESS... BusinessWire I 09-Feb-2016 Tagged entities: Stash Invest SEC Filings (8) Type Date Title OK D 22-Feb-2019 Notice of Exempt Offering of Securities 1647051 12-Feb-2018 Notice of Exempt Offering of Securities: 1647051 13•Jul•2017 Notice of Exempt Offering of Securities 1647051 14-Dec-2016 Notice of Exempt Offering of Securities 1647051 16•Aug•2016 Notice of Exempt Offering of Securities 1647051 08-Feb-2016 Notice of Exempt Offering of Securities 1647051 LvA 12•Aug•2015 Notice of Exempt Offering of Securities(Amend] 1647051 D 02•Jul•2015 Notice of Exempt Offering of Securities 1647051 Copyright t 2019 PitchBook Data, Inc. All rights reserved. Provided under contract for the exclusive use of subscriber Richard Kahn, HBRK Associates . 25 of 25 2/26/19, 5:38 PM EFTA00812040