The pioneering copy-trading platform in the United States, dub,
has announced securing $17 million in funding. The funding round was backed by
a consortium of venture capital firms and individual investors, notably
including the CEO of Uber and the Co-founder of Robinhood.
dub’s platform offers everyday investors the unprecedented
opportunity to replicate the portfolios of emerging investment managers,
renowned hedge funds, or even elected officials with a single tap. This
democratizes investment practices and provides accessibility to strategies that
were once exclusive to institutional investors.
Operating under the regulatory oversight of the Securities
and Exchange Commission and registered with FINRA, dub’s affiliated
broker-dealer facilitates copy-trading,
aligning with the evolving landscape of investment preferences among modern
investors.
Steven Wang, Founder and CEO of dub, Source: LinkedIn
“A decade from now, instead of picking stocks, we’ll be
picking people to invest in,” said Steven Wang, the Founder and CEO of
dub. “It’s already how my generation is investing, with the rise of social
media and commission-free investing. Humans are narrative- and fear-driven
creatures. Digitally-native creators have mastered the art of storytelling and
are building fervent communities that leverage social accreditation to guide
their investment decisions. With dub, we’re building the creator economy for
finance.”
Leading the seed round is Tusk Venture Partners, with
participation from a distinguished group of investors such as Robinhood’s
co-founder Nathan Rodland, Uber’s CEO Dara Khosrowshahi, and Roger Ferguson,
Jr., former vice chair of the Federal Reserve Board of Governors. Additionally,
the funding includes notable personalities like Ryan Tedder from OneRepublic
and executives from prominent financial institutions.
Our Series Seed Fundraising and Public Launch Announcement, a thread: pic.twitter.com/9KIzVxEk0B
— dub (@dubinvest) February 22, 2024
$17 Million Funding Boosts dub’s Vision for Retail
Investing
dub’s platform harnesses the social-media-driven creator
economy, bringing diverse investment
philosophies and strategies to individuals’ fingertips. Through its app,
investors can replicate portfolios. Furthermore, users can also share their own
investment portfolios for replication, fostering a community-driven approach to
investing.
The infusion of $17 million in funding enables further expansion
of its platform. With a seasoned executive team drawn from illustrious
institutions, dub is poised to redefine the landscape of retail investing,
empowering individuals with access to diverse investment
strategies.
The pioneering copy-trading platform in the United States, dub,
has announced securing $17 million in funding. The funding round was backed by
a consortium of venture capital firms and individual investors, notably
including the CEO of Uber and the Co-founder of Robinhood.
dub’s platform offers everyday investors the unprecedented
opportunity to replicate the portfolios of emerging investment managers,
renowned hedge funds, or even elected officials with a single tap. This
democratizes investment practices and provides accessibility to strategies that
were once exclusive to institutional investors.
Operating under the regulatory oversight of the Securities
and Exchange Commission and registered with FINRA, dub’s affiliated
broker-dealer facilitates copy-trading,
aligning with the evolving landscape of investment preferences among modern
investors.
Steven Wang, Founder and CEO of dub, Source: LinkedIn
“A decade from now, instead of picking stocks, we’ll be
picking people to invest in,” said Steven Wang, the Founder and CEO of
dub. “It’s already how my generation is investing, with the rise of social
media and commission-free investing. Humans are narrative- and fear-driven
creatures. Digitally-native creators have mastered the art of storytelling and
are building fervent communities that leverage social accreditation to guide
their investment decisions. With dub, we’re building the creator economy for
finance.”
Leading the seed round is Tusk Venture Partners, with
participation from a distinguished group of investors such as Robinhood’s
co-founder Nathan Rodland, Uber’s CEO Dara Khosrowshahi, and Roger Ferguson,
Jr., former vice chair of the Federal Reserve Board of Governors. Additionally,
the funding includes notable personalities like Ryan Tedder from OneRepublic
and executives from prominent financial institutions.
Our Series Seed Fundraising and Public Launch Announcement, a thread: pic.twitter.com/9KIzVxEk0B
— dub (@dubinvest) February 22, 2024
$17 Million Funding Boosts dub’s Vision for Retail
Investing
dub’s platform harnesses the social-media-driven creator
economy, bringing diverse investment
philosophies and strategies to individuals’ fingertips. Through its app,
investors can replicate portfolios. Furthermore, users can also share their own
investment portfolios for replication, fostering a community-driven approach to
investing.
The infusion of $17 million in funding enables further expansion
of its platform. With a seasoned executive team drawn from illustrious
institutions, dub is poised to redefine the landscape of retail investing,
empowering individuals with access to diverse investment
strategies.
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- Source: https://www.financemagnates.com//forex/us-copy-trading-platform-dub-secures-17-million-in-funding-investment/
