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Angel Investor (Individual)

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Investments

17

Portfolio Exits

5

About Ellen Levy

Ellen Levy is a former executive at LinkedIn.

Ellen Levy Headquarter Location

California,

United States

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Latest Ellen Levy News

Stake closes USD4m seed capital investment

Sep 29, 2021

Submitted29/09/2021 - 9:57amStake, a first company on a mission to make renting financially rewarding, build renter’s savings with no fees or debt accumulation, and empower owners to create financially safe and secure rental communities, has closed its seed funding of over USD4 million.The round was led by Shadow Ventures, a thesis centred venture capital firm focused on seed-stage technology companies disrupting the built environment, with Hometeam Ventures, Olive Tree Holdings, Blue Field Capital, Hampton VC, Gaingels, and Ellen Levy, Managing Director at Silicon Valley Connect. The capital will accelerate Stake’s mission to make renting financially rewarding, build renter’s savings with no fees or debt accumulation, and empower owners to create financially safe and secure rental communities.“The single largest expense for a majority of Americans is housing,” says Rowland Hobbs, CEO of Stake. “Stake is enabling the 48 million Americans who rent to build equity via true cash savings ensuring financial security is attainable for all. Investing in residents with Cash Back creates a higher propensity to pay, and propensity to stay, a financial win-win for renters and owners. This is just the start of a FinTech revolution in real estate.”Co-founders Rowland Hobbs and Jimmy Jacobson have built a Rewards App for renters and a data-driven cloud-based dashboard for property and asset managers. Stake enables owners and operators—from Greystar to Brick Capital to Apartments Management Consultants and Legacy Wealth Holdings—to decrease spend on concessions and incentives by over 50 per cent, lease-up twice as fast, reduce delinquencies up to 50 per cent, and boost top-line revenue with a 7-15 per cent increase in retention and renewals. Stake is currently offered in over USD1 billion of real estate assets, representing USD150 million in Gross Lease Value, and available to over 10,000 residents. Stake resident members earn Cash Back twice a month, once when they pay their rent and again when they keep their money saved.“Stake joined our inaugural Multifamily Technology Accelerator in November 2020, and was immediately adopted by strategic asset managers who wanted to outperform the market. The opportunity Stake has tapped into is to reinvent revenue management with a resident first focus,” says Nick Durham, Senior Associate at Shadow Ventures, who recently joined Stake’s Board of Directors. “We supported Stake early in their growth, and are thrilled to continue to invest in Rowland and Jimmy’s FinTech vision and their world-class team, as Stake scales their platform to revolutionise the revenue management and payment model.”BJ Naedele— President and Chief Commercial Officer of Shop Your Way, former General Manager at Nike+ and former Global Vice President of Loyalty and Membership at Nike —also joined Stake’s board.“Stake is led by an impressive entrepreneurial team with diverse, applicable backgrounds who have created a much-needed FinTech platform that will play an integral role in closing the housing gap, putting true cash back in renters’ pockets,” says co-founder and managing partner Alexandria Lafci with Hometeam Ventures.Like this article? Sign up to our free newsletterAuthor ProfileRelated TopicsDeals & TransactionsInvestmentsTechnology & software solutions -

Ellen Levy Investments

17 Investments

Ellen Levy has made 17 investments. Their latest investment was in Stake as part of their Seed VC on September 9, 2021.

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Ellen Levy Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/17/2021

Seed VC

Stake

$4M

Yes

3

8/31/2021

Seed VC

Rattle

$2.8M

Yes

10

2/11/2020

Seed VC

Docugami

$10M

Yes

15

1/1/2020

Seed VC - II

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$99M

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10

6/17/2019

Series A

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$99M

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10

Date

9/17/2021

8/31/2021

2/11/2020

1/1/2020

6/17/2019

Round

Seed VC

Seed VC

Seed VC

Seed VC - II

Series A

Company

Stake

Rattle

Docugami

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Amount

$4M

$2.8M

$10M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

3

10

15

10

10

Ellen Levy Portfolio Exits

5 Portfolio Exits

Ellen Levy has 5 portfolio exits. Their latest portfolio exit was Foko Retail on May 19, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/19/2021

Acquired

3

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10

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10

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10

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10

Date

5/19/2021

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00/00/0000

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Exit

Acquired

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Companies

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Valuation

Acquirer

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Sources

3

10

10

10

10

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