Dub Raises $30M Series A to Revolutionize Investing

Dub Secures $30 Million in Series A Funding

Dub, a copy-trading platform focused on attracting Gen Z investors, has successfully closed a $30 million Series A funding round. This new investment increases the company’s total funding to $47 million.

Founder Steven Wang had previously indicated to TechCrunch that this funding round was nearing completion. The announcement arrives one year following the platform’s initial launch.

Rapid Growth and User Adoption

The platform has experienced consistent growth since its inception. Dub reports exceeding 1 million downloads, driven by its core functionality: enabling users to replicate the investment strategies of proven traders.

According to a press release, Steven Wang, the 23-year-old founder and Harvard alumnus, states, “The ultra-wealthy have long benefited from expert money management. Dub now extends this advantage to all investors.” Wang shared with TechCrunch in a recent podcast that his personal investing journey began in second grade.

Subscription Model and Popular Features

Access to the Dub platform requires a monthly subscription fee of $10. The platform has garnered significant viral attention, particularly for its feature allowing users to follow portfolios that mirror the trading activity of prominent public figures.

Specifically, the platform allows tracking of disclosed trades made by high-profile politicians, such as those made by Nancy Pelosi.

Investors in the Series A Round

The Series A funding round was jointly led by Notable Capital and Neo. Additional investors participating in the round included Sandberg Bernthal Venture Partners, Peak6 Strategic Capital, and Correlation Ventures.

Furthermore, Silicon Valley Bank contributed a $5.5 million venture debt facility to support Dub’s continued expansion.

This funding is expected to fuel further development and user acquisition for the rapidly growing copy-trading platform.