Dub, the copy-trading platform that claims it’s remodeling how Gen Z invests, has secured a $30 million Series A funding spherical, bringing its complete raised to $47 million. The deal, which founder Steven Wang had beforehand hinted to TechCrunch was within the works, comes a yr after its official launch.
The 23-year-old Harvard dropout’s platform has been steadily rising, surpassing 1 million downloads, says Dub, by permitting customers to reflect the funding methods of profitable merchants.
“The ultra-wealthy have lengthy leveraged professional cash managers. Now, Dub brings that very same benefit to on a regular basis traders,” says a press launch citing Wang, who instructed TechCrunch in a latest podcast that he started investing in second grade.
The platform, which prices $10 per 30 days to subscribe, has gained viral consideration for options like following portfolios that mirror trades of high-profile politicians, together with Nancy Pelosi’s disclosed strikes.
The Series A was co-led by Notable Capital and Neo (which we additionally simply profiled). Other members within the spherical embrace Sandberg Bernthal Venture Partners, Peak6 Strategic Capital, and Correlation Ventures. Silicon Valley Bank offered a $5.5 million enterprise debt facility.
