Titan Leads World To Better Wealth With $58M Series B Led By a16z

Titan, an asset manager for retail investors, announced it raised a $58 million Series B round led by venture capital firm Andreessen Horowitz (a16z).

The company to date has raised $75 million.

What Happened: Titan is a holistic asset management solution that builds, manages, and explains investment strategies for retail investors.

As part of a vision to lead the world to better wealth, Titan looked to venture capital firm Andreessen Horowitz (a16z) for a $58 million strategic investment. a16z’s Anish Acharya will also join Titan’s board.

Additional Series B participants include General Catalyst, BoxGroup, Ashton Kutcher’s Sound Ventures, as well as Kevin Durant, Odell Beckham Jr., Jared Leto and Will Smith.

Why It Matters: The development comes alongside the commission-free trading revolution and pandemic, which spurred record engagement in financial markets.

In a statement on the company’s intent to build out its underlying platform and suite of investment products, co-founder and co-CEO Joe Percoco said, “There’s been a reawakening of active investing. But traditional investment management vehicles remain the tech-equivalents of VHS tapes. The industry needs a new operating system.”

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: FintechNewsFinancingA16ZAndreessen HorowitzAnish AcharyaAshton KutcherBoxGroupGeneral CatalystJared LetoJoe PercocoKevin DurantOdell Beckham Jr.Sound VenturesTitanWill Smith
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!
fintech-banner
Fintech Focus Newsletter

Your update on what’s going on in the Fintech space. Keep up-to-date with news, valuations, mergers, funding, and events. Sign up today!