Titan, the tech company behind the Teen Titans franchise, has titan series catalystann azevedotechcrunch raised $12.5 million in a Series A round from General Catalyst, a venture capital firm. The round included participation from Ashton Kutcher’s Sound Ventures and BoxGroup, as well as Mike Krieger of South Park Commons. As a result of this round, General Catalyst will take a seat on Titan’s board.
General Catalyst leads funding round for Teen Titans series
General Catalyst has led a funding round for the upcoming Teen Titans series. The company has raised $16 million. The investment comes from General Catalyst, which has invested in a number of tech companies over the last decade. Its portfolio includes companies such as Stripe, Snap, Anduril, Deliveroo, and Cazoo. Its Managing Director, Quentin Clark, has led investments in Kernel, Snap, and Deliveroo. He also spent 20 years at Microsoft.
Titan is a New York-based technology startup bringing premier investment management to everyday investors. The company’s Series B funding round included General Catalyst and Andreessen Horowitz. Other investors in the round included the BoxGroup and Sound Ventures. The company plans to use the new funds to scale its platform and grow its core functional teams.
Titan grew by 600% last year
The team behind Titan Investments is on a mission to revolutionize the investment industry. Founded in 2017, the company’s founders were frustrated by the way the rich got richer, and they decided to create a new way to make the investment world more accessible for the average person. As a result, they created an operating system that gives everyday investors access to investment products and experiences. Think titan series catalystann azevedotechcrunch of Titan as the mobile version of the investment giants – only better and more accessible.
The investment team at Titan invests in around 20 different stocks. They titan series catalystann azevedotechcrunch change the mix from time to time, so their portfolio is not static. They review both large and small companies and are constantly updating their investment strategy. This allows them to capitalize on the lack of trust that the millennial generation has in legacy institutions.
The firm’s investment strategy is different than that of most other robo-advisors. While most invest in traditional exchange-traded funds (ETFs), Titan invests in a select group of individual stocks. Their investment strategies are based on both quantitative and qualitative analysis.
While the overall growth of the company’s jewellery division has been impressive, the company has been struggling with its profitability. Last year, Titan recorded a loss of almost Rs. 10 crore. This resulted in a provision against losses of Rs. 10 crore for FY 2003 that was used to restructure the company’s operations in Europe. Titan’s share price has dropped dramatically from Rs. 50 in March 2003 to Rs. 29 today, and Titan has yet to show signs of recovery.
Titan’s jewellery division contributed about 85 per cent of the company’s revenue. While sales grew by eight per cent YoY, the product mix was still below pre-pandemic levels. In the Watches and Wearables division, walk-ins increased modestly, and buyer conversions were stable. The company added 105 stores in the second fiscal year. The company said the festive season outlook is positive, with positive consumer sentiment.
The company offers two investment options to individual investors. Investors can choose to invest in Titan Flagship or Titan Opportunities. Investing in an individual stock portfolio involves a greater degree of risk than an ETF, which generally includes hundreds of stocks. ETFs tend to underperform the market over time.
