Crypto Investment Startup Stacked Raises $35M Led By Alameda Research, Mirana Ventures To Build Out Regulated Products For Retail Crypto Investors
Crypto Investment Startup Stacked Raises $35M Led By Alameda Research, Mirana Ventures To Build Out Regulated Products For Retail Crypto Investors
12/20/21, 2:47 PM
Location
chicagoMoney raised
$35 million
Industry
software
commerce and shopping
Stacked, a crypto-investing software that allows users to manage assets and invest in pre-built portfolios and strategies, today announced that it has raised a $35 million Series A funding round led by Alameda Research, a core partner of FTX, and Mirana Ventures, venture partner of Bybit and BitDAO, to double its 40-person team and build out its suite of retail-friendly crypto portfolios and automated lending products.
Company Info
Location
chicago, illinois, united states
Additional Info
The Chicago-based company, which launched in April 2020, raised a $1 million seed round in September 2020. It also secured status as a registered investment advisor (RIA) with the US Securities & Exchange Commission (SEC) this summer in preparation to widen its product offerings, the company told TechCrunch. In the “next few weeks,” the company plans to launch a feature that will allow users to copy any “stack” as a template and customize it by making direct edits, Birch said.