Investment-tech startup Stack has secured $4.5 million in a seed funding led by Y Combinator, Harvard Management, Goodwater Capital, Soma Capital, Uncommon Capital and Earlsfield Capital. Other investors that participated in the round include Magic Fund, Side Door Ventures, Dragon Capital, Emles Ventures, Grand Park Ventures, Chandaria Capital, Cleo Capital, AngelList, West Quad, and Olive Tree Capital.
Angel investors such as Paul Desmarais, Tanuj Shori and Inmad Akhund also took part in the round. Stack would be using the fresh funds to expand the current team and enable more features to help users grow their money better.
Founded in 2021 by Smriti Tomar and Tushar Vyas, Stack builds tailored investment strategies with globally diversified portfolios for everyday investors according to their risk appetite and goals.
The Bengaluru-based startup aims to increase participation of Indians into equity markets by using smart automation to make investing simple and easy for everyone.