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Shares raises $40 million in Series A for its Social Investment App

 

Source: https://techcrunch.com/wp-content/uploads/2022/03/Shares-Founding-team.jpg?w=1390&crop=1

Shares raises $40 million in Series A for its Social Investment App

Shares Background:

Shares has closed a $40 million Series A funding round led by Valar Ventures. 

Valar Ventures already participated in the company’s $10 million seed round. This time, Valar Ventures is leading the Series A with other existing investors Singular, Global Founders Capital and Red Sea Ventures putting more money in the company.

What is Shares doing?

The company has been working on a mobile app that lets you easily buy and sell shares, but with a social twist. You can follow your friends’ moves and talk with other users directly from the app.

Users can buy fractional shares — they can get started with £1.00. There are no trading fees, but there could be some spread between the buy and sell price. According to the trading terms, Shares currently partners with Alpaca Securities LLC, which acts as the execution broker.

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