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EARNEST
Earnest
Financial Services · San Francisco, California · United States · Founded · 2014 · ≈ · 120 · employees

Earnest Funding — Last Valued at $375M

Private

Earnest has raised $307M across 2 funding rounds, plus 1 undated round. The latest round valued Earnest at $375M post-money.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Earnest funding · at a glance
Total raised, all rounds
$307M
sum of disclosed sizes
Funding rounds
2
plus 1 undated round
Latest round
$375M
post-money · Nov 2015
Lead on that event
Acquired by Navient Corp in 2017
2015
About Earnest

Navient, the student-loan servicer, agreed in October 2017 to acquire Earnest, bringing the fintech lender under Navient's ownership and giving Navient a technology-driven origination platform for student and personal loans.

Funding timeline

The Earnest funding timeline

2 funding rounds, the latest highlighted.

2014
Earnest founded

Earnest was founded in 2014, United States.

UNDATED
Seed

No date is disclosed for this round.

JAN 2015
Series A

A primary round — the company sells new shares to investors it selects. $17M raised, led by Maveron.

Valuation basisAmount$17MPrice / shareLeadMaveron
NOV 2015LATEST
Series B at $375M post-money

Acquired by Navient Corp in 2017. $275M raised.

Valuation basispost-moneyAmount$275MPrice / shareLead
IPO: NOT ANNOUNCED

No filing has been made.

Funding rounds

Earnest funding rounds in full

2 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Series B LATEST
Nov 2015
$275M
$375Mpost-money
—
—
Acquired by Navient Corp in 2017
Series A
Jan 2015
$17M
—
—
Maveron
—
Seed
—
$15M
—
—
—
Andreessen Horowitz, First Round Capital, Maveron, Collaborative Fund, Atlas Venture
Earnest · investors

Investors

MMaveronLEADSSequoia CapitalGoogle VenturesMenlo Ventures

Frequently asked questions

Who has invested in Earnest?›

Lead investors for each round are in the funding timeline.

Who are Earnest's competitors?›

The closest financial services peers are on the competitors page.

How can I get exposure to Earnest?›

The routes section explains what is realistically available for a company at this stage.

Is Earnest publicly traded?›

No. Earnest is a private company; its shares do not trade on a public exchange.

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