Starburst Labs, a New York City and Providence, R.I.-based maker of web-and-mobile apps for an ecosystem of individual investors, financial advisors, broker-dealers, and financial media brands, closed a $6.25m Series A round of funding.
The round was led by Bel45 Capital Partners, which invested $5m with the remaining capital coming from existing investors.
The company, which has raised $10.25m in total funding to date, intends to use the capital to accelerate the growth of Wealthbox CRM and hire more staff to further develop its suite of online products in the wealth-tech sector.
Led by John Rourke, CEO, and Dan Ferranti, CTO, Starburst Labs creates, designs, develops, and operates a vertically aligned stack of digital products for investing consumers, financial advisors, broker-dealers, and financial media publishers. Its suite of complementary online products in the wealth-tech sector includes InvestorSay, PaperTrade.io, and Wealthbase.