Streetbeat raises $10m ahead of launch of stock and crypto app offering strategies

Rick Steves

Streetbeat combines online simple trading and robo-advisory to execute advanced data driven trading strategies that will be provided by vetted professionals.

Streetbeat has raised $10 million in seed funding led by TTV Capital in order to help develop its free investing and trading app for stock and cryptocurrencies with a proprietary marketplace of professional investment strategies.

The startup was also backed by Seraph Group and AAF Management Ltd, among other investors as the trading platform experiences skyrocketing growth, with the client base expanding 18% every week. More than 35,000 investors have signed up for the platform during its 30-day beta launch.

Proprietary marketplace of professional investment strategies

Retail traders are flocking to Streetbeat for its growing marketplace of trading strategies that gives each user a personalized list of recommendations based on their interests and risk profiles.

Gardiner Garrard, Co-Founder and a Managing Partner of TTV Capital, said: “We at TTV Capital are excited to partner with Streetbeat in their future growth. The company’s next-gen, autonomous investment platform makes manual trading a thing of the past. For the longest time, retail investors have wanted access to the technology and data that enable professional investors – and Streetbeat now provides these resources in an easy-to-use mobile app. We’re excited to work with the company’s talented team to bring a much-needed solution to market at an ideal time.”

Damián Scavo, founder and CEO of Streetbeat, commented: “Today’s brokers make money any time the user makes a trade, not when the user makes money. Manual trading is something that professionals stopped using in the ’90s, other than on rare occasions. Another issue that we see is copy trading of individuals without any type of due diligence on their strategies or access to exclusive data. These are problems that Streetbeat solves. Most of the investments in the professional trading world are automatic and data-driven, and that’s what everybody deserves to use today.”

Streetbeat combines online simple trading and robo-advisory to execute advanced data driven trading strategies that will be provided by vetted professionals.

Launching with two strategies only, the trading app will roll out additional strategies that include crypto, ETFs, in the weeks ahead as it democratizes data-driven strategies.

Streetbeat is a graduate of the StartX accelerator program, which has five times more unicorns than the graduates of any accelerator program of the same age and a 92% success rate of startups still growing and thriving, when backed by $3 million in funding, according to the program’s stats.

“We are proud of Damián and his team, and thrilled to have them as part of our community. We support them in leading the next financial revolution,” says Joseph Huang, CEO of StartX.

Omar Darwazah, Managing Director and General Partner of AAF Management, said: “We at AAF Management Ltd. are thrilled to back Streetbeat in their mission of building a cutting edge, investment platform catered to today’s savvy retail investors. The company’s technology provides the tools retail investors need to professionally trade today’s ever complex financial markets. The Streetbeat team is world-class, and we’re excited to work closely with them to help them bring their innovative trading technologies to the market.”

Read this next

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Bybit expands into Europe amid regulatory scrutiny

Dubai-based cryptocurrency exchange Bybit is expanding its operations in Europe after encountering regulatory challenges in Hong Kong.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

Retail FX

Prop firm The Funded Trader shuts down, claims relaunch in April

Prop trading firm The Funded Trader has ceased all operations, with claims for a relaunch in the near future.

<