Delphia, a Toronto, Canada-based algo-advisor that helps people invest smart together, closed a $60m Series A funding.
The round led by Multicoin Capital with participation from Ribbit Capital, FTX Ventures, Valor Equity Partners, FJ Labs, Lattice Ventures, Cumberland, Thomas Bailey from Road Capital and M13.
The company will use the funds to launch its native rewards token, increase the number of ways users can contribute data, and expand its headcount globally.
Led by Andrew Peek, CEO, Delphia is an algo-advisor that analyzes the personal data shared by its members to make intelligent investment decisions. The investment platform plans to leverage consumer spending insights, employment patterns and public opinion data derived from social media to deliver algorithmic models that were previously exclusive to top-performing hedge funds to retail members. Starting this summer, investors will have the opportunity to contribute their own data to the algo-advisor in return for a native token that can be traded freely or redeemed for membership benefits.
The platform is currently available for download on App Store and Google Play. The company offers long-only actively managed investment strategies with zero management fees and $10 investment minimums, as well as a hedge fund for accredited investors that runs a long-short market neutral strategy of approximately 2,500 US equities.
Delphia also has teams in New York, San Francisco, and London.
FinSMEs
08/06/2022