Dub is a copy trading platform that is transforming the way Gen Z invests, securing a $30 million Series A funding round, increasing its total to $47 million. The deal, which founder Stephen Wang had previously hinted at TechCrunch, comes a year after its official launch.
The 23-year-old Harvard Dropout platform is growing steadily, with over 1 million downloads, allowing users to mirror successful traders’ investment strategies, Dub said.
“The ultra-wealthy people have been using expert money managers for a long time. Now dubs offer the same benefits for everyday investors,” says a press release that told TechCrunch on a recent podcast.
The platform is attracting the attention of the virus for its features such as following a portfolio that reflects trades by well-known politicians, including $10 a month to subscribe and including Nancy Pelosi’s disclosed moves.
Series A was co-led by the well-known Capital and Neo (we just introduced it to you). 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.