VC Fund Investments
Fintech startup Stack raises $4.5 M
Stack, a Bengaluru-based automated investing app for millennials, has raised USD 4.5 million in a seed round led by Y Combinator, Harvard Management, Goodwater Capital, Soma Capital, Uncommon Capital and Earlsfield Capital. Investors such as Magic Fund, Side Door Ventures, Dragon Capital, Emles Ventures, Grand Park Ventures, Chandaria Capital, Cleo Capital, AngelList, West Quad, Olive Tree Capital as well as angel investors Paul Desmarais III of Portage Ventures, Tanuj Shori of Squareyards and Inmad Akhund of Mercury Bank also took part in also participated in the latest round. The startup will use the fresh funds to expand its team and enable more features in its product. Founded in 2021, Stack aims to use automation to make investing easier for retail investors. The company builds tailored investment strategies with globally diversified portfolios for everyday investors according to their risk appetite and goals.
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