## Dub, the Copy-Trading App For Gen Z, Secures $30 Million in Series A Funding
Dub, the investing platform geared towards Gen Z with its focus on copy-trading, has announced a successful $30 million Series A funding round. This latest investment brings the company’s total funding to $47 million, marking a significant milestone just a year after its official launch.
The 23-year-old Harvard dropout founder, Steven Wang, previously hinted at the funding round to TechCrunch. Dub has quickly gained traction, boasting over 1 million downloads by allowing users to mirror the investment strategies of seasoned traders. This approach democratizes investment knowledge, bringing expertise usually reserved for the ultra-wealthy to a wider audience.
“The ultra-wealthy have long leveraged expert money managers. Now, Dub brings that same advantage to everyday investors,” Wang stated in a press release. He had previously mentioned his early start in investing – as young as second grade – demonstrating his passion and understanding of the market.
Dub operates on a subscription model, costing users $10 per month. A key factor contributing to its viral popularity is the ability to track and replicate the portfolios of high-profile figures, including politicians like Nancy Pelosi, based on their disclosed trades. This feature has resonated strongly with users seeking transparency and insights into the investment decisions of influential individuals.
The Series A round was co-led by Notable Capital and Neo. Additional participants include Sandberg Bernthal Venture Partners, Peak6 Strategic Capital, and Correlation Ventures. Silicon Valley Bank also provided a $5.5 million venture debt facility. The funding will likely be used to further develop the platform, expand its user base, and potentially introduce new features and investment options. Dub’s success highlights the growing demand for accessible and engaging investment tools, particularly among younger generations.