Covestor Raises Series A Funding

Today we announced the close of our Series A funding led by Union Square Ventures (USV) and Spark Capital. They are joined by one of Europe's leading technology investors, Amadeus Capital Partners. Between them these firms have over $2 billion under management.

This a great news for the team here and for all of our members. It will allow us to build out our asset management platform, enabling users to invest alongside the brilliant self-directed investors on the site, rather than in expensive managed funds.

We have already been hugely impressed by the individuals who have joined us. Todd Dagres of Spark, and Albert Wenger of USV have joined our board of directors, Anne Glover of Amadeus has joined as a board observer. We chose to work with them as they share the passion of the team here at Covestor. A big thanks to them, and to all of our friends on the site.