Automated investment application Stack, operated by Invacia Labs Pvt Ltd, has raised $4.5 million in its seed funding round. The startup plans to use the funds to expand its current team and enable more features to help users invest and earn better returns.

Led by YCombinator, Harvard Management, Goodwater Capital, Soma Capital, Uncommon Capital and Earlsfield Capital, the funding round also saw participation from Magic Fund, Side Door Ventures, Dragon Capital, Emles Ventures, Cleo Capital, AngelList, West Quad, Grand Park Ventures, Chandaria Capital, and Olive Tree Capital.

Angel investors Paul Desmarais III of Portage Ventures, Tanuj Shori (CEO, Squareyards) and Inmad Akhund (CEO, Mercury Bank) also invested in this funding round.

Stack | Automated Investment Application 

Founded by Smriti Tomar and Tushar Vyas in 2021, with founding team Vidit Varshney and Yashwardhan Puranik, Stack is a Bengaluru-based fintech startup that enables every day retailers to invest using its autopilot technology. 

The fintech startup, which had recently launched its application on the Google Play store, builds tailored investment strategies with globally diversified portfolios for everyday investors, according to their risk appetite and goals. Its patented technology helps users visualise their goals enabling them to make an informed investment decision.

Powered by a Nobel-prize-winning algorithm, Stack assesses your unique financial behaviour to create personalised, high-performance yielding portfolios and helps you achieve your goals in a fun and effortless way.

Speaking on the development, Smriti Tomar, Co-founder and CEO of Stack, said,

“Everyday investors are stuck with friends’ advice and archaic platform experiences without even realising it. Stack sets out to finally give the best investing experience to everyone, with a transparent approach while educating our users on how to make their money work instead of being a black box.”

Need legal assistance for your startup? Just contact us.

Follow us and connect with us on Instagram, Facebook, Twitter and LinkedIn.