is doubling down on his bet on a fintech, and he's not along.
| George Gatch|
J.P. Morgan Asset Management
Yesterday, Andres Garcia-Amaya
, CEO and founder of Zoe Financial
that Gatch, J.P. Morgan Asset Management's next chief
, and Chris Jones
, chair of the investment committee at roboadvisor Acorns
, have both invested again in New York City-based Zoe. New investors this round include Third Stream Partners
, Advent Technology co-founder Stephanie DiMarco
, and former Credit Suisse First Boston president Brian Finn
. The new, $3-million round pushes Zoe's total fundraising to $5 million.
Zoe, which aims to help individual investors find independent FAs (the firm has a curated network), now has several fundster and asset management industry ties beyond Gatch. (It is Gatch himself, not JPMAM, that is named as an investor in Zoe.) Zoe chief Garcia-Amaya spent more than five years at JPMAM. Repeat Zoe investor Jones, also a JPMAM alumnus, more recently served
as co-head of global active equities at BlackRock. Robert Deutsch
, chairman of J.P. Morgan's ETF board, participated
in Zoe's $2-million angel round last year, alongside Jones and Gatch. And new Zoe investor Third Stream is led by none other than Blake Grossman
: former chairman
of Financial Engines, former vice chairman
of BlackRock, and former CEO
The Zoe team now supports hundreds of investors with more than $140 million in combined assets. The firm launched in February of last year.
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