dub Secures $17M Funding to Bring Creator Economy to Investing

dub, the first copy-trading platform in the U.S., announced its public launch and a successful $17 million funding round. This funding was led by Tusk Venture Partners and included notable investors like Slow Ventures, Neo, Scribble, K5 Global, Alumni Ventures, Graph, and Dorm Room Fund, as well as individual investors such as the CEO of Uber and Co-founder of Robinhood.

The platform allows everyday investors to replicate the portfolios of emerging investment managers, hedge funds, or elected officials with a single tap. It aims to bring the benefits of the social-media-driven creator economy to investing, providing access to a wide variety of minds in asset management and bespoke investment strategies. 

In its announcement, the company explains:

dub's built the first platform where you can copy someone's investments automatically in a single tap while seeing their validated performance. Or you can be the investor who gets copied by creating and sharing a portfolio, or a basket of stocks like an ETF. Simply open a dub brokerage account, deposit funds like you would with Fidelity, and you're ready to start copying or being copied.

 

By providing a platform for investment talent to showcase their expertise and enabling others to copy their portfolios, we’re democratizing access to the world of asset management and hedge funds. dub is like eBay for investing.

 

The ultimate vision is a decade from now, people won’t be picking stocks. They will be picking people to copy on dub. We’re at the precipice of a new movement - and reimagining the world of fund management.

 

Important to note is dub is also the first broker-dealer, member FINRA, to offer copy-trading to US investors.

Steven Wang, the 22-year old Harvard dropout CEO of dub, envisions a future where people invest in individuals rather than stocks, leveraging the rise of social media and commission-free investing. The platform's launch offerings include proprietary investment strategies built by former hedge fund managers and financial influencers with varying backgrounds and experiences. 

Read the full press release here.