StashAway raises US$16m in Series C round led by Square Peg

Singapore

ROBO-ADVISER StashAway has raised US$16 million in its Series C funding round led by Square Peg Capital, a venture capital firm based in Australia.

Other participants in the round include Burda Principal Investments, the growth capital arm of German media and tech company Hubert Burda Media, and existing investor Eight Roads Ventures, the investment firm backed by financial services group Fidelity. Eight Roads Ventures, an early backer of Alibaba, had led StashAway's US$12 million Series B round in 2019.