Stacked Raises $35M To Bring Passive Investing Tools To Retail Crypto Traders
12/06/21, 5:01 AM
Location
chicagoMoney raised
$35 million
Industry
software
commerce and shopping
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 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.