Dechert advised StashAway, a digital wealth management platform for both retail and accredited investors, on its US$25 million Series D fundraising round.
This funding round was led by Sequoia Capital India, with participation from existing investors including Square Peg Capital and Eight Road Ventures, and has brought StashAway’s total paid-up capital to US$61.4 million, which will be used to accelerate its investment product and feature developments.
Siew Kam Boon, partner, Singapore at Dechert LLP said, “This Series D round follows a successful US$16 million Series C round last year, led by Square Peg Capital. We are excited to work with StashAway to accelerate growth and development in the robo-advisory space and cater to the evolving investing demands in the region.”
The Dechert team advising on this deal was led by Singapore-based partner Siew Kam Boon, with support from counsel Timothy Goh.
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