AlgoBulls secures $2M in pre-Series A round
- ByStartupStory | December 6, 2022
Retail stock-trading platform AlgoBulls has raised $2 million in a pre-Series A funding round led by investor Venture Catalysts. The round also saw participation from DSP Group, Findoc Finvest by Hemant Sood and Nitin Shahi, LetsVenture, Dishant Milan Parikh (Jainam Broking), Yuvraj Thakker (BP Wealth & Fort Capital), Sharath Kumar (Ex. MD & CEO India, Tower Research Capital), among other funds & family offices. The firm will use the fresh funds to invest in products and technology as well as onboarding new experienced traders as strategists, integrating with a greater number of broking houses and expanding into the international markets.
It will also target large corporate treasuries, fund houses, large funded startups, and family offices to manage their liquid funds through fixed-income products, according to a company statement. AlgoBulls says it has a huge client base of more than 25,000 clients and its products include algorithmic trading for retail through ready-to-deploy strategies generated by AI-driven technology and trading expertise. It also allows users to build their own strategies via its platform and also provides them with an opportunity to monetize their expertise.
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