Dub Raises $30M Series A to Revolutionize Gen Z Investing with Copy Trading
Dub, a cutting-edge investing platform, has raised $30 million in a Series A funding round, bringing its total funding to $47 million. This latest investment marks a significant milestone for the platform, which is transforming how Gen Z approaches investing. With over 1 million downloads, Dub’s copy-trading service allows users to mirror the strategies of successful traders, democratizing access to wealth-building tools that were once exclusive to the ultra-wealthy.
Founded by Steven Wang, a 23-year-old Harvard dropout, Dub is gaining traction for its unique approach to investing. The platform charges a $10 monthly subscription, giving everyday investors the chance to follow portfolios, including those of high-profile figures like Nancy Pelosi. According to Wang, the idea behind Dub is simple yet powerful: “The ultra-wealthy have long leveraged expert money managers. Now, Dub brings that same advantage to everyday investors.”
Since its official launch a year ago, Dub’s growth has been impressive, drawing attention from a variety of investors. The recent Series A round was co-led by Notable Capital and Neo, with additional participation from Sandberg Bernthal Venture Partners, Peak6 Strategic Capital, and Correlation Ventures. Silicon Valley Bank also supported the round with a $5.5 million venture debt facility.
Dub’s ability to capture the interest of younger, tech-savvy investors is a testament to its innovative approach and the growing appeal of copy trading platforms. With the investment, Dub plans to expand its offerings, improve its technology, and continue disrupting the world of retail investing.
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