Double, a San Francisco, CA-based provider of an investment platform, raised $3.9M in Seed funding.
Backers were:
- Ilya Sukhar (co-founder of Parse and now at Matrix),
- Garry Tan (co-founder of Posterous and now at YC),
- Jawed Karim (co-founder of YouTube),
- Jon Xu (co-founder of FutureAdvisor acquired by Blackrock),
- JJ Fliegelman (co-founder of WayUp),
- Rich Aberman (co-founder of WePay acquired by JP Morgan Chase),
- Nick Elledge (co-founder of DataFleets acquired by LiveRamp),
- Jason Freedman (42Floors acquired by JLL), and
- Roger Dickey (co-founder of Gigster) among others.
The company intends to use the funds to expand operations and its development efforts.
Led by JJ Maxwell, Double is an investment platform that allows users to invest in 50+ broad stock market indexes with zero expense ratios. It works by buying fractional shares of the individual stocks that make up popular indexes (SPY, VOO, etc.). With it, users can create and manage their investment strategy, deposit funds, and let the platform handle the rest, including rebalancing and tax-loss harvesting.
FinSMEs
19/12/2024