Invstr 20M Series: AzevedoTechCrunch
Investing in the stock market can be a daunting task for many people. With so many companies and industries to choose from, it can be difficult to know where to start. However, with the advent of technology, investing has become more accessible to the general public. One such platform that has made investing easier is Invstr. Invstr is a mobile app that allows users to learn about investing, practice trading, and invest in the stock market. Recently, Invstr raised $20 million in a series B funding round, led by AzevedoTechCrunch. In this article, we will explore what this funding round means for Invstr and the future of investing.
The Importance of Invstr
Before we dive into the funding round, it is important to understand the significance of Invstr. Invstr was founded in 2013 by Kerim Derhalli, a former executive at Deutsche Bank. The app was created to make investing more accessible to the general public. Invstr offers a variety of features that make investing easier for beginners. For example, the app offers a virtual trading simulator that allows users to practice trading without risking real money. Additionally, Invstr offers educational resources such as articles and videos that teach users about investing. Finally, Invstr allows users to invest in the stock market directly through the app.
The Series B Funding Round
In June 2021, Invstr announced that it had raised $20 million in a series B funding round. The funding round was led by AzevedoTechCrunch, a venture capital firm based in Brazil. Other investors in the funding round included FinTech Collective, Swisscom Ventures, and Apex Capital Partners. The funding round brings Invstr’s total funding to $25 million.
What This Means for Invstr
The series B funding round is a significant milestone for Invstr. The funding will allow Invstr to expand its platform and reach more users. In a press release, Kerim Derhalli, the founder and CEO of Invstr, stated that the funding will be used to “build out our product offering, expand our team, and grow our user base.” Specifically, Invstr plans to use the funding to develop new features for the app, such as social trading and cryptocurrency trading. Additionally, Invstr plans to expand its team by hiring more developers and marketing professionals.
The Future of Investing
The series B funding round for Invstr is indicative of a larger trend in the investing industry. As technology continues to advance, investing is becoming more accessible to the general public. This is good news for both investors and companies. For investors, it means that they have more opportunities to invest in the stock market and potentially earn a profit. For companies, it means that they have access to a larger pool of investors.
However, there are also potential downsides to this trend. For example, as more people invest in the stock market, there is a risk of market volatility. Additionally, there is a risk that inexperienced investors may make poor investment decisions and lose money.
Conclusion
In conclusion, the series B funding round for Invstr is a significant milestone for the company and the investing industry as a whole. The funding will allow Invstr to expand its platform and reach more users. Additionally, it is indicative of a larger trend in the investing industry towards making investing more accessible to the general public. While there are potential downsides to this trend, such as market volatility and inexperienced investors, overall it is a positive development for both investors and companies.
