Invstr 1m 20m series azevedotechcrunch
Invstr 1m 20m series azevedotechcrunch, a UK-based fintech startup, has recently raised $20 million in a Series A funding round led by Azevedo Family Capital. The funding will be used to expand the company’s financial education platform and launch new products. In this article, we will take a closer look at Invstr and its latest funding round.
The Company
Invstr was founded in 2013 by Kerim Derhalli, a former executive at Deutsche Bank and Merrill Lynch. The company’s mission is to democratize finance and make it accessible to everyone. Invstr’s flagship product is a mobile app that provides financial news, analysis, and education to its users. The app also includes a virtual trading game that allows users to practice investing without risking real money.
The Funding Round
The $20 million Series A funding round led by Azevedo Family Capital, a Portuguese investment firm. Other investors included Fin Venture Capital, which backed by the Qatar Investment Authority, and Swiss private bank Julius Baer. The funding brings Invstr’s total raised to $25 million. In a press release, Kerim Derhalli, CEO of Invstr, said: “We thrilled to have the support of such prestigious investors as we continue our mission to democratize finance. This funding will allow us to expand our platform and launch new products that will help even more people take control of their financial futures.”
The Future
With the new funding, Invstr plans to expand its financial education platform and launch new products. The company also plans to expand its user base beyond the UK and US markets. According to Derhalli, the company’s ultimate goal is to become the “go-to destination for anyone looking to learn about finance and investing.”
Conclusion
Invstr’s $20 million Series A funding round is a significant milestone for the company. The funding will allow Invstr to expand its financial education platform and launch new products. Bringing it one step closer to its goal of democratizing finance. With the support of prestigious investors such as Azevedo Family Capital, Invstr well-positioned to become a leading player in the fintech industry.
