Cryptocurrency News

Stacked raises $35M to offer passive investment tools to crypto-traders 

  • Stacked has raised $35 million in a Series A funding round
  • The new funding will allow Stacked to expand its 40-person team to more than 100 employees in 2022
  • Stacked is a web-based app allowing users to access trading strategies via pre-built stacks

Stacked, a web-based platform that provides passive investment tools for crypto investors, has raised $35 million in a Series A funding round.

Stacked will use the funds to further expand its business 

The crypto startup officially announced the successful closing of a Series A funding round led by Alameda and Mirana Ventures, a venture partner of Bybit exchange and BitDAO. Other investors include Fidelity International Strategic Ventures, DRW Venture Capital, Alumni Ventures, and Jump Capital. The Chicago-based company, which launched in April 2020, raised a $1 million seed round in September 2020. The latest round brings the company’s total funding to $40 million.

The new funding will allow Stacked to expand its 40-person team to more than 100 employees in 2022 and further scale its crypto portfolios and automated lending products. The company will also use the fresh capital to invest in acquisition, growth, and marketing. Until this capital raise, Stacked grew its business without any formal marketing spend.

What is Stacked? 

Stacked is a web-based application that allows users to access vetted trading strategies and investment portfolios via pre-built stacks modelled after popular crypto indexes, hedge funds, and other investor portfolios. The platform launched in 2020 and has automated over $10 billion worth of transactions for tens of thousands of new investors in 2021. The platform plans to go fully mobile within six months. 

The company says it has more than $100 million in user funds are connected to its portfolio management platform and that it aims to have more than $1 billion in assets under management (AUM) by 2022. This summer, the company also secured registered investment adviser (RIA) status with the U.S. Securities & Exchange Commission (SEC) to expand its product offerings. 

Sign up for our FREE mailing list

Join 12,590 others now and get actionable research and analysis sent directly to your inbox.


About Author

Stan Colenbrander

More articles by this author

Stan is the head of news and podcast host at Cryptonary. He was formerly a member of the Cryptonary Pro community. In early 2021, he decided to drop out of journalism school at university to pursue journalism in real life and make an impact in the crypto space. . His areas of interest include the NFT industry, decentralised finance, and blockchain startups.

Post a Comment

GET YOUR CRYPTO DAILY BRIEF

Delivered daily, straight to your inbox.