Dub, the copy-trading platform that says it’s transforming how Gen Z invests, has secured a $30 million Series A funding round, bringing its total raised to $47 million. The deal, which founder Steven Wang had previously hinted to TechCrunch was in the works, comes a year after its official launch.
The 23-year-old’s Harvard dropout’s platform has been steadily growing, surpassing 1 million downloads, says Dub, by allowing users to mirror the investment strategies of successful traders.
“The ultra-wealthy have long leveraged expert money managers. Now, Dub brings that same advantage to everyday investors,” according to a press release citing Wang, who told TechCrunch in a recent podcast that he began investing in second grade.
The platform, a subscription to which costs $10 per month, has gained viral attention for features like following portfolios that mirror trades of high-profile politicians among others, including Nancy Pelosi’s disclosed moves.
The Series A was co-led by Notable Capital and Neo (which we also just profiled). Other participants in the round include Sandberg Bernthal Venture Partners, Peak6 Strategic Capital, and Correlation Ventures. Silicon Valley Bank provided a $5.5 million venture debt facility.
