dub, a NYC-based supplier of a copy-trading platform, raised $17M in Seed funding.
The spherical was led by Tusk Enterprise Companions with participation from a gaggle of enterprise capital corporations and particular person traders together with Dara Khosrowshahi, CEO of Uber, Nathan Rodland, Co-founder of Robinhood, Apex Fintech Options CEO Invoice Capuzzi, former Federal Reserve Board of Governors vice chair and TIAA CEO Roger Ferguson, Jr., OneRepublic Entrance man Ryan Tedder, and others. The funding additionally included a $2M enterprise debt facility supplied by Silicon Valley Financial institution (SVB), a division of First Residents Financial institution.
The corporate intends to make use of the funds to develop operations and growth efforts.
Led by Founder and CEO Steven Wang, DASTA Included (“dub”) offers a copy-trading platform that enables on a regular basis traders to copy the portfolios of rising funding managers, hedge funds, or elected officers. Its affiliated broker-dealer, registered with the Securities and Change Fee and member FINRA, helps facilitate copy-trading, a fast-emerging funding apply suited to in the present day’s investor.
Commenting on the information, Steven Wang mentioned: “It’s already how my technology is investing, with the rise of social media and commission-free investing. People are narrative- and fear-driven creatures. Digitally-native creators have mastered the artwork of storytelling and are constructing fervent communities that leverage social accreditation to information their funding selections. With dub, we’re constructing the creator economic system for finance.”
FinSMEs
22/02/2024
