Stockspot

wealthtech (retail)robo advisors

FOUNDING YEAR: 2013
LOCATION: Australia
Last Update: 29/01/2020

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About

Stockspot, based in Australia, is an online automated investment adviser and fund manager.

Focus

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.

REVENUE MODEL

The company charges subscription fees to generates its revenue.

MAIN CLIENTS

Retail investors

COMMENT

Stockspot uses Mean-Variance Optimisation - the foundation of Modern Portfolio Theory, to allocate the percentage of each asset class in customers portfolio.

Traction

VALUATION / MARKET CAP:

$20 M in 2017

People

FOUNDERS

Chris Brycki

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Alium Capital

AWI Ventures

Ben Heap

Danny Bhandari

Global Founders Capital

Graham Tuckwell

H2

Toby Heap

KEY EMPLOYEES:

Chris Brycki (CEO)

Momentum

FUNDED

YES

TOTAL FUNDING

$4.5 M

DATE OF LAST FUNDING

May 2017

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

$250 K

SEED CLOSED ON

Apr 2014

FUNDING SERIES

SERIES A  · $1.25 M  · Jun 2015

SERIES B  · $3 M  · May 2017

LISTED

NO

Innovation Programs

BASICS

FOUNDING YEAR:

2013

LOCATION:

Australia

Views:

89 VISITORS | 170 VIEWS
LATEST FUNDING ROUND

$4.5 M

TOTAL EMPLOYEES
1-10

About

Stockspot, based in Australia, is an online automated investment adviser and fund manager.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
People+
Other+

Innovation Programs

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