Co-Founder and CEO of Stacked, Joel Birch, announced today that the company has closed a $1 Million seed financing round after early success of their beta product launch in January. Along with their pre-seed investors at Mediatech LTD, which is increasing its investment after the early success of the platform, Stacked is joined by industry innovators who are playing a massive role in building the next generation of products and services within the digital asset ecosystem.
CoinFund is a leading investment firm that has been backing companies within the blockchain sector since 2015. The CoinFund team has a unique and comprehensive understanding of decentralized finance protocols, blockchain engineering, and asset management.
Alameda Ventures (the investment arm of Alameda Research) is perhaps best known for being one of the most innovative firms to enter the industry in the last few years. Alameda Research is a leading quantitative trading firm managing over $100mm in assets and trading over $1.5b per day across thousands of investment products. Alameda Research is also one of the core partners of FTX—the fastest growing derivatives and futures exchange in crypto.
“We’re excited about Stacked because they’ve removed the complexity of automating crypto investing & trading. With a beautiful user experience at its core, experienced and new traders alike will have no difficulty deploying strategies from a wide range of algorithms or passively managing funds through the index products.” – Sam Bankman-Fried, CEO @ FTX
This round comes off the back of the successful beta launch of the Stacked bot marketplace in January 2020. The platform experienced some healthy early traction as they have developed their investment execution engine.