• FOUNDING YEAR: 2013
    LOCATION:
    Australia
    REGION:
    NSW
    Last Update:
    18 Oct, 2019

Description

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:
Viewable by subscribers only
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.

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)

TRACTION

VALUATION / MARKET CAP:
$20 MM in 2017

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$4.5 Millions
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 Millions Closed: Jun 2015
SERIES B
$3 Millions Closed: May 2017
LISTED:
NO

LATEST RESEARCH