San Francisco based socially responsible investing platform OpenInvest has raised a $10m Series A led by QED Investors.
"OpenInvest is building the wealth management platform of the future," said Conor Murray, co-founder and chief executive officer. "We put advisors and clients in the driver's seat, while replacing layers of intermediation beneath them who traditionally blocked transparency and control." Investors can align their assets with their values by customizing their portfolios through OpenInvest's cause-based investment screens, including but not limited to: divestment from fossil fuels producers, deforestation, the prison industrial complex or weapons; supporting gender equality, LGBTQ rights, refugees and low-carbon leaders, among many others. Investors can also further individualize their portfolios by including or excluding individual companies. In the meantime, each user's portfolio auto-rebalances to keep them tightly tracking market indices.