The NYC-based copy-trading platform provider Dub has raised $17 million in seed money.
Tusk Venture Partners led the round, with participation from a number of venture capital firms and individual investors, including OneRepublic Front member Ryan Tedder, former vice chair of the Federal Reserve Board of Governors Roger Ferguson, Jr., Apex Fintech Solutions CEO Bill Capuzzi, and Uber CEO Dara Khosrowshahi.
A $2 million venture debt facility from Silicon Valley Bank (SVB), a branch of First Citizens Bank, was also included in the funding.
The money will be used by the business to increase operations and development initiatives.
“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.”
Steven Wang
DASTA Incorporated (“dub”), led by Founder and CEO Steven Wang, offers a copy-trading platform that lets regular investors mimic the portfolios of up-and-coming investment managers, hedge funds, or public figures.
A rapidly-emerging investment technique that is appropriate for today’s investor is copy-trading, which is made possible by its associated broker-dealer, a member of FINRA and registered with the Securities and Exchange Commission.
