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Stacked Raises $35M To Bring Passive Investing Tools To Retail Crypto Traders

Dec 06, 2021almost 4 years ago

Amount Raised

$35 Million

ChicagoSoftwareCommerce And Shopping

Description

Stacked, a web-based platform that provides passive investment tools for retail investors interested in crypto, just announced it raised a $35 million Series A co-led by Alameda Research, a crypto trading firm owned by FTX founder Sam Bankman-Fried.

Company Information

Company

Stacked

Location

Chicago, Illinois, United States

About

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.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech