Predict your next investment

Venture Capital
unlockvp.com

See what CB Insights has to offer

Investments

29

Portfolio Exits

3

About Unlock Venture Partners

Unlock Venture Partners is a venture capital firm focused on early-stage technology investments in Seattle and Los Angeles. Specific areas of focus include digital media, SaaS, fintech and video, with particular emphasis on the utilization of ML, AI and data by potential portfolio companies.

Unlock Venture Partners Headquarter Location

900 1st Avenue South

Seattle, Washington, 98134,

United States

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Unlock Venture Partners News

UNest raises $26M Series B to help parents save for their kids’ expenses – TechCrunch

Nov 17, 2021

UNest, a fintech startup that provides financial planning tools for parents saving on behalf of their children, announced today that it raised $26 million in Series B funding led by The Artemis Fund . Existing investor Northwestern Mutual Future Ventures participated alongside new investors including Franklin Templeton, Launchpad Capital , AltaIR Capital , OneWay Ventures , Unlock Venture Partners and Square co-founder Jim McKelvey. Franklin Templeton’s head of U.S. marketing, Jennifer Ball, will join UNest’s board. The round brings UNest’s total funding from investors to $40 million. It plans to use the proceeds to launch new features, including UNest Legacy, which will allow parents to buy individual stocks and cryptocurrencies in the accounts they manage for their children. Currently, UNest users, who are parents typically in the 30-35 age range, can only invest in ETFs through the platform. UNest Legacy is expected to launch in the second quarter of next year in response to user demand for more control over their holdings and access to crypto in particular, CEO and founder Ksenia Yudina told TechCrunch. UNest plans to partner with Franklin Templeton to introduce ESG portfolios to its users early next year, Yudina said. The company’s expansion into providing individually managed account offerings and educational content about investing reflects a broader demand from investors to actively manage their holdings based on their personal goals and values. The Series B news comes on the heels of a high-growth year for UNest. It registered as a broker-dealer, acquired two companies and added 300,000 users to its platform in 2021, bringing its total user count to 400,000. UNest plans to serve 1 million users by the end of next year, Yudina said. Yudina said UNest is also evaluating long-term expansion opportunities in Europe as well as new B2B opportunities such as partnering with companies to offer UNest accounts as part of their benefits packages, a feature for which she said users have expressed strong demand. Yudina, who has both a CFA and an MBA, started building the Los Angeles-based company in 2018 after working as a financial planner for high-net-worth clients. She was motivated to build a solution that would help families save to prevent taking on excessive debt, like she herself did to fund her own education. UNest launched its core product, an app available on iOS and Android, in February 2020. The company originally offered tax-advantaged 529 college savings plans to parents, but now provides custodial accounts to its customers instead, which allow parents to save for a more flexible range of goals on behalf of their kids, Yudina said. Yudina said the main hurdle for many parents to effectively save for their children’s expenses is a lack of awareness and financial literacy regarding the solutions available to them. That’s where she sees UNest making an impact through its user-friendly platform. “It’s very simple. It takes only five minutes and no paperwork. [Another advantage we have is] branding and marketing, and the ability to make it social, involving friends and family,” Yudina said.

Unlock Venture Partners Investments

29 Investments

Unlock Venture Partners has made 29 investments. Their latest investment was in UNest as part of their Series B on November 11, 2021.

CBI Logo

Unlock Venture Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/17/2021

Series B

UNest

$26M

No

4

11/2/2021

Seed VC

Irreverent Labs

$5M

Yes

2

10/21/2021

Unattributed VC

Staging & Design Network

$4.9M

Yes

1

9/27/2021

Seed VC - II

Subscribe to see more

$99M

Subscribe to see more

10

7/6/2021

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

Date

11/17/2021

11/2/2021

10/21/2021

9/27/2021

7/6/2021

Round

Series B

Seed VC

Unattributed VC

Seed VC - II

Seed VC

Company

UNest

Irreverent Labs

Staging & Design Network

Subscribe to see more

Subscribe to see more

Amount

$26M

$5M

$4.9M

$99M

$99M

New?

No

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

4

2

1

10

10

Unlock Venture Partners Portfolio Exits

3 Portfolio Exits

Unlock Venture Partners has 3 portfolio exits. Their latest portfolio exit was Dolly on July 13, 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

7/13/2021

Acquired

4

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

Date

7/13/2021

00/00/0000

00/00/0000

Exit

Acquired

Subscribe to see more

Subscribe to see more

Companies

Subscribe to see more

Subscribe to see more

Valuation

Acquirer

Subscribe to see more

Subscribe to see more

Sources

4

10

10

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.