June 17, 2024
AfterHour, a pioneering financial community application tailored for the internet generation, has successfully raised $4.5 million in seed funding. The capital injection will be utilized to enhance community features, empowering retail traders to discover alpha more rapidly in the stock market.
Project | Latest Raise | Latest Raise Date | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
AfterHour | $4.5M | June 17, 2024 | Seed | $4.5M | Founders Fund, General Catalyst | Trading |
The founder of AfterHour embarked on an extraordinary journey in the stock market, transforming an initial investment of $35k into a remarkable $8 million. While luck played a part, the founder attributes a significant portion of their success to the exchange of high-quality due diligence (DD) and alpha with fellow retail traders across various communities.
To pay it forward, the founder is now focused on assisting other retail traders in finding their edge. The challenge of distinguishing valuable signals from the noise in the world of investing and trading is formidable. Traders must sift through bots and paid groups, and then verify the DD/alpha they find from individuals who often lack transparency regarding their track record.
AfterHour prides itself on its inclusive community. Users share portfolios ranging from $1,000 to $78 million, creating a diverse environment where everyone can find like-minded traders to follow, learn from, and ultimately, achieve success in the stock market.
About AfterHour
AfterHour is a Social Trading app serves as a hub for over 23,000 investors and traders. The platform is designed to facilitate the exchange of verified positions from real traders, making it easier and more enjoyable to succeed in the stock market. It offers a variety of features including live alerts, a feed that prioritizes between signals, DD, charts, and posts with verified positions, and chat rooms for live discussions about earnings, questions, and price action. The platform prides itself on its transparency, allowing users to attach real positions to their DD and alpha1. With over $200 million in connected portfolio AUM, AfterHour is quickly becoming a preferred platform for traders.
Website: https://www.afterhour.com/
About Investor
Investor: Founders Fund
Founders Fund is a San Francisco-based venture capital firm that invests in companies building revolutionary technologies. The firm has a diverse portfolio, with investments in companies like SpaceX, Anduril, and Stripe, which are reshaping the way we interact with the world. The firm is committed to supporting diverse women founders at every stage of their growth, providing barrier-free funding, education, and mentorship. Established in 2019, Founders Fund is an initiative by Tease that supports diverse women founders by providing mentorship, education, and barrier-free funding.
Location: San Francisco
Website: https://foundersfund.com/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
Comments