Aspiration was founded in 2013 by Andrei Cherny and Joseph N. Sanberg. The company announced plans to go public through a $2.3 billion SPAC merger in 2021. The deal has been delayed and their original CEO has resigned.
Aspiration is an environmentally-friendly fintech company. Every time someone uses the company's credit card, one of Aspiration's global reforestation partners will plant a tree, helping offset the user's carbon footprint. Users also receive 1% cash back on every purchase. The company acquired Carbon Insights in 2022. Aspiration has raised more than $250 million in venture capital funding from investors including AlphaEdison, Capricorn Investment Group, Allen & Co., Leonardo DiCaprio, Orlando Bloom, and Robert Downey Jr.’s Footprint Coalition. The company has not disclosed valuation figures since the proposed SPAC deal.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
12/06/2022 | Series C-5 | $156MM | $xx.xx | $3.13B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
6,694,272
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.5x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
11/16/2021 | Series C-4 | $49MM | $xx.xx | $2.08B | Jovono, Footprint Coalition, Deep Field Asset Management | |
Price per Share
$xx.xx
Shares Outstanding
1,894,818
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Jovono, Footprint Coalition, Deep Field Asset Management
|
||||||
05/21/2020 | Series C-3 | $22.86MM | $xx.xx | $1.04B | Alpha Edison, UBS O'Connor, DNS Capital, Radicle Impact, Sutter Rock, Jeff Skoll, Joseph Sanberg, Social Impact Finance, the Pohlad Companies, AGO Partners | |
Price per Share
$xx.xx
Shares Outstanding
1,975,449
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Alpha Edison, UBS O'Connor, DNS Capital, Radicle Impact, Sutter Rock, Jeff Skoll, Joseph Sanberg, Social Impact Finance, the Pohlad Companies, AGO Partners
|
||||||
05/21/2020 | Series C-2 | $31.49MM | $xx.xx | $1.04B | Alpha Edison, UBS O'Connor, DNS Capital, Radicle Impact, Sutter Rock, Jeff Skoll, Joseph Sanberg, Social Impact Finance, the Pohlad Companies, AGO Partners | |
Price per Share
$xx.xx
Shares Outstanding
3,469,186
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Alpha Edison, UBS O'Connor, DNS Capital, Radicle Impact, Sutter Rock, Jeff Skoll, Joseph Sanberg, Social Impact Finance, the Pohlad Companies, AGO Partners
|
||||||
05/21/2020 | Series C-1 | $95.89MM | $xx.xx | $1.04B | Alpha Edison, UBS O'Connor, DNS Capital, Radicle Impact, Sutter Rock, Jeff Skoll, Joseph Sanberg, Social Impact Finance, the Pohlad Companies, AGO Partners | |
Price per Share
$xx.xx
Shares Outstanding
7,042,481
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Alpha Edison, UBS O'Connor, DNS Capital, Radicle Impact, Sutter Rock, Jeff Skoll, Joseph Sanberg, Social Impact Finance, the Pohlad Companies, AGO Partners
|
||||||
12/12/2017 | Series B-5 | $485,514 | $xx.xx | $403.73MM | Allen and Company, Omidyar Network, Alpha Edison, AGO Partners, Reyl & Cie, Capricorn Investments, Orlando Bloom, Deborah Hopkins, Brian Weinstein | |
Price per Share
$xx.xx
Shares Outstanding
76,495
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Allen and Company, Omidyar Network, Alpha Edison, AGO Partners, Reyl & Cie, Capricorn Investments, Orlando Bloom, Deborah Hopkins, Brian Weinstein
|
||||||
12/12/2017 | Series B-4 | $5.97MM | $xx.xx | $403.73MM | Allen and Company, Omidyar Network, Alpha Edison, AGO Partners, Reyl & Cie, Capricorn Investments, Orlando Bloom, Deborah Hopkins, Brian Weinstein | |
Price per Share
$xx.xx
Shares Outstanding
1,884,921
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Allen and Company, Omidyar Network, Alpha Edison, AGO Partners, Reyl & Cie, Capricorn Investments, Orlando Bloom, Deborah Hopkins, Brian Weinstein
|
||||||
12/12/2017 | Series B-3 | $3.6MM | $xx.xx | $403.73MM | Allen and Company, Omidyar Network, Alpha Edison, AGO Partners, Reyl & Cie, Capricorn Investments, Orlando Bloom, Deborah Hopkins, Brian Weinstein | |
Price per Share
$xx.xx
Shares Outstanding
1,315,585
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Allen and Company, Omidyar Network, Alpha Edison, AGO Partners, Reyl & Cie, Capricorn Investments, Orlando Bloom, Deborah Hopkins, Brian Weinstein
|
||||||
12/12/2017 | Series B-2 | $255,926 | $xx.xx | $403.73MM | Allen and Company, Omidyar Network, Alpha Edison, AGO Partners, Reyl & Cie, Capricorn Investments, Orlando Bloom, Deborah Hopkins, Brian Weinstein | |
Price per Share
$xx.xx
Shares Outstanding
118,561
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Allen and Company, Omidyar Network, Alpha Edison, AGO Partners, Reyl & Cie, Capricorn Investments, Orlando Bloom, Deborah Hopkins, Brian Weinstein
|
||||||
12/12/2017 | Series B-1 | $37.41MM | $xx.xx | $403.73MM | Allen and Company, Omidyar Network, Alpha Edison, AGO Partners, Reyl & Cie, Capricorn Investments, Orlando Bloom, Deborah Hopkins, Brian Weinstein | |
Price per Share
$xx.xx
Shares Outstanding
5,304,131
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Allen and Company, Omidyar Network, Alpha Edison, AGO Partners, Reyl & Cie, Capricorn Investments, Orlando Bloom, Deborah Hopkins, Brian Weinstein
|
||||||
09/17/2015 | Series A | $17.7MM | $xx.xx | $78.95MM | Renren, GSV Capital, Capricorn Investment Group, IGSB, David Bonderman, Gordon Crawford, Matthew Dowd, Rick Hess, Bill Lee, Joe Lonsdale, Alexis Maybank, Lenny Mendonca, Steven Rattner, Dan Rosensweig, Matthew Salzberg, Joseph Sanberg, Frank Yeary | |
Price per Share
$xx.xx
Shares Outstanding
9,562,500
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Renren, GSV Capital, Capricorn Investment Group, IGSB, David Bonderman, Gordon Crawford, Matthew Dowd, Rick Hess, Bill Lee, Joe Lonsdale, Alexis Maybank, Lenny Mendonca, Steven Rattner, Dan Rosensweig, Matthew Salzberg, Joseph Sanberg, Frank Yeary
|
||||||
08/05/2015 | Series Seed | $2.5MM | $xx.xx | $7.14MM | Pomeroy Capital, AGO Partners, James Meeks, Alex Pomeroy, Walid Gardezi | |
Price per Share
$xx.xx
Shares Outstanding
7,500,000
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Pomeroy Capital, AGO Partners, James Meeks, Alex Pomeroy, Walid Gardezi
|