Gatsby Raises $10M in Series A
Our mission at Gatsby has been consistent since we launched the app last year. We set out to build a brokerage platform that demystifies what are often viewed as complicated financial tools. We started with long options trading, and have since rolled out stock trading and additional options strategies.
And last month we announced a major step in our company’s growth: raising a $10M Series A from amazing investors and partners. This will help propel our mission to build the most beautiful, easiest-to-use brokerage platform on the market.
For the first time in history, 25% of the stock market is held by retail investors. This unprecedented surge in interest in the markets is driven in part by a global pandemic, but also by a generation that has a demonstrable appetite for putting their money to work. Young traders, the segment to whom we are catering, have taken the wheel.
Gatsby’s average trader is about 28 years old, with many still in college. This new paradigm in the markets requires new technologies and new interfaces. You wouldn’t put your life’s savings into your Grandfather’s credit union. This new crop of traders needs a platform designed for them.
With this fundraise behind us, we plan to grow the company aggressively, expanding our engineering and design teams, and investing heavily into growing our community of traders. This is only the beginning for Gatsby, but a huge milestone on our mission to demystify important trading tools for everyone.
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