US Copy-Trading Platform dub Secures $17 Million in Funding Investment

by Tareq Sikder
  • The funding round involved capital firms, individuals, Uber's CEO and Robinhood's Co-Founder.
  • The platform will allow investors to replicate portfolios of hedge funds or elected officials.
copy trading

The pioneering copy-trading platform in the United States, dub, has announced securing $17 million in funding. The funding round was backed by a consortium of venture capital firms and individual investors, notably including the CEO of Uber and the Co-Founder of Robinhood.

Replicate Portfolios with a Single Tap on dub

dub's platform offers everyday investors the unprecedented opportunity to replicate the portfolios of emerging investment managers, renowned hedge funds, or even elected officials with a single tap. This democratizes investment practices and provides accessibility to strategies that were once exclusive to institutional investors.

Operating under the regulatory oversight of the Securities and Exchange Commission and registered with FINRA, dub's affiliated broker-dealer facilitates copy-trading, aligning with the evolving landscape of investment preferences among modern investors.

Steven Wang, Founder and CEO of dub
Steven Wang, Founder and CEO of dub, Source: LinkedIn

"A decade from now, instead of picking stocks, we'll be picking people to invest in," said Steven Wang, the Founder and CEO of dub. "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."

Leading the seed round is Tusk Venture Partners, with participation from a distinguished group of investors such as Robinhood's Co-Founder Nathan Rodland, Uber's CEO Dara Khosrowshahi, and Roger Ferguson Jr., the former Vice Chair of the Federal Reserve Board of Governors. Additionally, the funding includes notable personalities like Ryan Tedder from OneRepublic and executives from prominent financial institutions.

$17 Million Funding Boosts dub's Vision for Retail Investing

dub's platform harnesses the social-media-driven creator economy, bringing diverse investment philosophies and strategies to individuals' fingertips. Through its app, investors can replicate portfolios. Furthermore, users can share their own investment portfolios for replication, fostering a community-driven approach to investing.

The infusion of $17 million in funding enables expansion of its platform. With a seasoned executive team drawn from illustrious institutions, dub is poised to redefine the landscape of retail investing, empowering individuals with access to diverse investment strategies.

The pioneering copy-trading platform in the United States, dub, has announced securing $17 million in funding. The funding round was backed by a consortium of venture capital firms and individual investors, notably including the CEO of Uber and the Co-Founder of Robinhood.

Replicate Portfolios with a Single Tap on dub

dub's platform offers everyday investors the unprecedented opportunity to replicate the portfolios of emerging investment managers, renowned hedge funds, or even elected officials with a single tap. This democratizes investment practices and provides accessibility to strategies that were once exclusive to institutional investors.

Operating under the regulatory oversight of the Securities and Exchange Commission and registered with FINRA, dub's affiliated broker-dealer facilitates copy-trading, aligning with the evolving landscape of investment preferences among modern investors.

Steven Wang, Founder and CEO of dub
Steven Wang, Founder and CEO of dub, Source: LinkedIn

"A decade from now, instead of picking stocks, we'll be picking people to invest in," said Steven Wang, the Founder and CEO of dub. "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."

Leading the seed round is Tusk Venture Partners, with participation from a distinguished group of investors such as Robinhood's Co-Founder Nathan Rodland, Uber's CEO Dara Khosrowshahi, and Roger Ferguson Jr., the former Vice Chair of the Federal Reserve Board of Governors. Additionally, the funding includes notable personalities like Ryan Tedder from OneRepublic and executives from prominent financial institutions.

$17 Million Funding Boosts dub's Vision for Retail Investing

dub's platform harnesses the social-media-driven creator economy, bringing diverse investment philosophies and strategies to individuals' fingertips. Through its app, investors can replicate portfolios. Furthermore, users can share their own investment portfolios for replication, fostering a community-driven approach to investing.

The infusion of $17 million in funding enables expansion of its platform. With a seasoned executive team drawn from illustrious institutions, dub is poised to redefine the landscape of retail investing, empowering individuals with access to diverse investment strategies.

About the Author: Tareq Sikder
Tareq Sikder
  • 593 Articles
  • 4 Followers
About the Author: Tareq Sikder
A Forex technical analyst and writer who has been engaged in financial writing for 12 years.
  • 593 Articles
  • 4 Followers

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