Stockspot confirms Series B funding round
Funds from Stockpot’s successful $3 million Series B funding round are being used to continue developing products and growing clients to place the robo-advice fund manager in a strong market position, according to its chief executive.
Commenting on the success of the capital raise, Stockspot chief executive and founder, Chris Brycki, said the aim now was to establish a leading position in digital investment services.
“The capital raise will allow us to further develop our digital advice offering and attract a broader range of Australian investors,” he said.
“The calibre of Stockspot’s investors and the belief they have in our company demonstrates that digital wealth management will fundamentally change financial services in Australia.”
The capital raise was led by founder of ETF Securities and Alium Capital, Graham Tuckwell.
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Hope William-Smith
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