Copying the trades of politicians and celebrities is getting a whole lot easier. And a venture backed startup is behind it.
What’s happening:
- Copy trading platform Dub has raised $30M USD in a new Series A financing round
- The funding round was led by Notable Capital and Neo
Why it matters:
- Dub’s trading platform has quickly risen to enormous popularity with more than one million downloads since first launching
Going deeper:
- Dub allows users to copy the exact trades and holdings of politicians, celebrities and hedge fund managers directly within their platform
- Dub has also previously landed multiple notable angel investors, including Uber (NYSE: UBER) leader Dara Khosrowshahi and Robinhood (NASDAQ: HOOD) co-founder Nate Rodland
The intrigue:
- Silicon Valley Bank also provided $5M USD of venture debt financing to Dub as part of their Series A round
