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Stockspot, based in Australia, is an online automated investment adviser and fund manager.
PRODUCTS & SERVICES
Stockspot is an automated investment tool that allows opening accounts for individuals, joint, company, trust, and self-managed super funds (SMSF). The company doesn’t provide its services to non-Australian citizens who also live outside of Australia. The initial amount of starting investment is $2,000. The company claims to provide service without the high fees, confusing jargon, endless paperwork, and lack of transparency and provides Australians with a low-fee investment service.
The company charges subscription fees to generates its revenue.
Stockspot uses Mean-Variance Optimisation - the foundation of Modern Portfolio Theory, to allocate the percentage of each asset class in customers portfolio.
VALUATION / MARKET CAP:
$20 M in 2017
DATE OF LAST FUNDING
TOTAL FUNDING COMMENT
The company is planning to use the fund for marketing and also planning to bring new products to the market, including one aimed at the self-managed superannuation fund market.
SEED & PRIOR FUNDING
SEED CLOSED ON
SERIES A · $1.25 M · Jun 2015
SERIES B · $3 M · May 2017
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