NEW YORK, NY, Web and mobile service for following the trades of leading traders & investors in real time, today announces the raising of $125,000 in angel round funding.
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Roboinvest (http://www.roboinvest.com), a web and mobile service for following the trades of leading traders & investors in real time, today announces the raising of $125,000 in angel round funding from New York City based investors which allows the company to progress to the next stage.
Since officially launching out of beta in January 2012, Roboinvest has grown by over 300%. Roboinvest has been featured in Betabeat, The New York Observer, CNNMoney and MyBankTracker, and interviewed live on Bloomberg TV.
With over 3 million customers, Roboinvest is uniquely positioned as the only social trading service integrated with E*TRADE Financial's API.
Contributing to this angel round were Jim Nichols, Joe Saviano and ARC Angel Fund, a 71 member angel fund. Roboinvest is one of only 12 start-ups funded by ARC.
Jim Nichols and Joe Saviano, members of ARC Angel Fund (http://www.arcangelfund.com), have significant experience in financial services and technology. Jim Nichols, is a successful stock market trader and previously founded a broker/dealer, and Joe Saviano is currently the CFO of Baker Capital, a $1.5 billion private equity fund.
Previous seed round investors include AMCreative (http://www.amcreative.com), a New York City hybrid services and venture company founded by David Tannenbaum, as well as prominent Melbourne-based Australian entrepreneur and investor Domenic Carosa.
Michael Giles, Founder/CEO of Roboinvest commented on the fundraising "We believe in the power of slow; that great companies are built over time and not over night. This funding is a small step towards achieving our goals. I want to thank Jim, Joe and ARC for believing in me and our team, as well as our seed round investors for their continued support."