Titan, which titan general catalystann azevedotechcrunch raised $12.5 million in Series A funding led by General Catalyst, is a retail investment management platform aimed at the new generation of everyday investors. It has raised a total of $75 million since its founding in 2017 and is now valued at $450 million. In addition to General Catalyst, Sound Ventures and BoxGroup also invested in the round.
Titan raises $12.5 million in Series A funding round led by General Catalyst
Titan is building a retail investment management platform that caters to the needs of millennial investors. The company recently closed a $12.5 million Series A funding round led by General Catalyst and Andreessen Horowitz. In total, Titan has raised $75 million since its founding in 2017. It is now valued at $450 million. The company is also backed by BoxGroup, Sound Ventures and other VC heavyweights.
Titan provides investors with a variety of investment strategies. Its clients can choose to invest in Flagships, Opportunities and Small/Mid-sized U.S. companies, as well as Offshore and Crypto assets. The company has zero performance-based fees and allows its clients to own fractional shares of each company.
Titan General Catalystann Azevedotechcrunch
The company’s new funding will allow Titan to scale its engineering team and expand its marketing and operations efforts. This will enable the company to launch more investment products in different asset classes. Currently, Titan has a focus on equities, but plans to expand its offerings to include other asset classes soon.
Another company that has raised funding is Zerigo Health. This company makes an FDA-cleared ultraviolet light therapy system. In this round, 7wireVentures led the funding round for the company. It also had participation from Big Pharma VC arm Leaps. In addition, Lightship is a direct-to-patient clinical trial startup. Among its investors are Define Ventures, Khosla Ventures, and Marc Benioff’s TIME Ventures.
Titan General Catalystann Azevedotechcrunch
Titan also recently raised $12.5 million from General Catalyst in a new round of funding. The company has raised over $33 million since May 2018 and has plans to raise another $24 million in Series A funding. These funds will enable the company to grow and expand its customer base. It will also expand its product range, which will allow it to serve more customers in a smaller footprint.
The startup will use the new funding to improve infrastructure and data capabilities. It will also triple its engineering and product teams within the next year. The new funding comes at a time when the company plans to double its engineering and product team. Baillie Gifford led the equity financing. The company also had existing investors including T. Rowe Price Associates, Paul and Lori Hogan of Home Instead and Andreessen Horowitz. Lastly, the company received debt financing from Perceptive Advisors and Ares Management funds.
Titan is also the latest ICO to receive funding, raising more than $12.5 million in a Series A round led by General Catalyst. The new investment will allow the company to expand its team and build out its web3 CRM product.
Platform grew by 500% in last 12 months
Titan is a consumer finance company that has been able to take advantage of the sweeping disruption caused by technology. Many consumer finance categories have been completely disrupted by this new wave of innovation. One example of this is the investment management industry, which boasts a $500 billion public market capitalization, but has lagged behind in terms of technological advancement. Large legacy players, like T. Rowe Price and Merrill Lynch, remain in charge. This disruption has allowed Titan Investment Management to emerge as a disruptive force in the industry.
Titan describes itself as an active investment manager that uses a mobile-first platform to help everyday investors invest in the markets. The startup launched its first investment strategy in February 2018 and now has more than 30,000 users. Titan is also on track to cross the billion-dollar mark later this year.
Titan is a startup that builds a retail investment management platform for everyday investors. General Catalyst led Titan’s Series A round of funding, which totaled $12.5 million. The cofounder 70m knotel 1b ann azevedotechcrunch company also secured participation from existing investors, including Ashton Kutcher’s Sound Ventures, BoxGroup, and Mike Krieger. Titan also announced that General Catalyst will be taking a seat on the company’s board.
Product to be launched soon
Titan is a mobile first investment platform that offers direct-to-consumer investing. It titan general catalystann azevedotechcrunch also offers capital management services. While the company’s initial strategies are mostly stocks, including its cofounder 70m knotel 1b ann azevedotechcrunch flagship strategy (a modern take on the Magellan Fund), it plans to expand into other asset classes in the future. Titan CEO Joe Percoco compares traditional investment management tools to VHS videotapes.
Titan describes itself as the “new-guard” of active investment management. It titan general catalystann azevedotechcrunch launched its first investment strategy in February 2018 and has since amassed more than $500 million in assets under management. The company is on track to cross the $1 billion mark this year. According to Titan co-founder and co-CEO Joe Percoco, the startup had reached a cash-flow positive state last year, and expects to cross the $1 billion mark later this year.
Titan is a New York-based tech company that’s building a platform for active investment management. It’s aiming to make investing easier for everyday investors. It recently raised a $12.5 million Series A funding round led by General Catalyst. It titan general catalystann azevedotechcrunch also raised money from existing investors like Andreessen Horowitz, Sound Ventures, and Kevin Durant. The company will also welcome Anish Acharya to its board.