A $8.5 million seed fund was raised by Cache, a brokerage located in San Francisco, California, and designed especially for large stock positions.
First Round Capital and Quiet Capital co-led the round, with support from prominent Wall Street and Silicon Valley angels such as Adam Nash, Ajeet Singh, Gokul Rajaram, James Herbert, Martin Mao, and Ralph Drybrough.
The money will be used by the business to grow both its operations and development initiatives.
The CEO and founder of Cache, Srikanth Narayan, recently announced the opening of the Cache Exchange Fund, a diversified fund made by combining investors with concentrated stock holdings.
To replicate an index fund, investors contribute stocks in predetermined ratios; in return, they receive fund shares.
The Cache Exchange Fund, which is compared to the Nasdaq-100, is an automated platform that speeds up the onboarding process and can be finished in a matter of minutes.
About Cache
- San Francisco-based fintech startup Cache is supported by First Round, Quiet, and a few of the most astute angel investors in the fields of technology and finance.They are a brokerage account created especially for substantial stock holdings.
- They offer products to lower your risk, produce passive income, and obtain effective liquidity if a sizable portion of your portfolio is made up of individual stocks.
- Get access to the concentrated stock exposure management solutions used by the ultra-wealthy.
