A 23-year-old Harvard graduate raised $30 million for his app Dub

The Dub platform, which allows users to copy trades and is changing the approach to investing among Generation Z, has raised $30 million in a Series A round. This brings the total investment to $47 million, with the deal being closed a year after the platform's official launch.

The project, founded by a 23-year-old Harvard graduate, has demonstrated steady growth, surpassing 1 million downloads. The platform enables users to copy the strategies of successful traders, making investing more accessible.

The $10 subscription service has attracted widespread interest due to features such as portfolio tracking that mirrors the trades of well-known politicians.

Lead investors in the Series A round were Notable Capital and Neo, with other participants including Sandberg Bernthal Venture Partners, Peak6 Strategic Capital, and Correlation Ventures. Silicon Valley Bank provided the company with a venture debt facility of $5.5 million.

Source: TechCrunch