Dub, a pioneering copy trading application that allows users to replicate the investment strategies of prominent investors, has successfully secured $30 million in funding.
The Series A funding round was co-led by Notable Capital and Neo, with additional contributions from Sandberg Bernthal Venture Partners, Peak6 Strategic Capital, and Correlation Ventures. This round also includes a $5.5 million venture debt facility from Silicon Valley Bank.
Having emerged from stealth mode just a year ago, Dub has already surpassed one million downloads, establishing itself as a creator-driven marketplace for retail investors. The platform empowers users to transition from traditional stock picking to selecting individuals whose strategies they wish to follow. For an annual fee of $89.99 or a monthly subscription of $9.99, users can effortlessly replicate the investment portfolios of high-profile figures, including Federal Reserve Chair Jerome Powell, former Speaker Nancy Pelosi, and billionaire hedge fund manager Bill Ackman.
Creators on the platform have the option to make their portfolios public, provided they have a minimum investment of $1,000. In return for sharing their investment strategies, they earn royalties.
Dub asserts that its innovative model simplifies the investment process and lowers the barriers to entry, thus empowering a new generation of investors. CEO Steven Wang highlights the current landscape, stating, “As we witness the largest wealth transfer in history, younger investors are increasingly exposed to high-risk financial products and unreliable advice from social media, with nearly 40% relying on platforms like YouTube or TikTok for guidance.”
Wang adds, “Instead of resisting this trend, Dub embraces it by fostering a transparent and educated marketplace where anyone can easily invest alongside proven strategies or share their own.”