Ellevest, the digital investment platform for women, has said it raised $33 million in funding with a high-powered field of new investors, including Melinda Gates' Pivotal Ventures, former Obama administration official Valerie Jarrett, former Google executive chairman Eric Schmidt and PayPal.

The round was led by Rethink Impact and PSP Growth, and also includes Elaine Wynn, co-founder of Wynn Resorts and Gingerbread Capital, founded by Linnea Roberts and Mastercard.

Returning investors include Aspect Ventures, Khosla Ventures, Morningstar, Astia Angels, Creditease Fintech Investment Fund and Ulu Ventures.

Funds will be used to invest in new technology and expand into new product categories, the announcement said.

"Today we bring in a group of rockstar investors deeply aligned with our mission," Ellevest co-founder and CEO Sallie Krawcheck said in the announcement. "And its no coincidence many of them are unparalleled changemakers and advocates for women who understand being underinvested can cost a fortune over their lives."