Stock trading startup Streak AI raises $1 million from 3one4 Capital1 min read . Updated: 26 Jun 2019, 10:16 AM IST
- The fund would focus on Series B and subsequent rounds
- The startup had last raised $350,000 from Rainmatter in 2017
Mumbai: Streak AI Technologies, a startup catering to retail stock market investors, said Wednesday it has raised $1 million in pre-series A round led by early-stage investor 3one4 Capital, with participation from existing investor Rainmatter Capital.
Founded by Harsha Manohar, Vipul Divyanshu and Jayalakshmi Manohar in 2017, Streak’s cloud-based technology allows retail investors to validate their trading strategies and implement them in live trades, with no coding skills required to trade algorithmically. It can be used to create, back-test, and deploy strategies in the capital market.
“We have seen a shift in the way retail investors approach the stock markets since Streak.tech. They are now able to visually see their strategies and validate them by understanding the risk around the strategies in an intelligible way. Trading based on bias and notions has now been replaced with a methodical and calculated approach," said Manohar, in a statement.
The startup had last raised $350,000 from Rainmatter in 2017.
New investor 3one4 is managed by Pranav and Siddarth Pai, sons of former senior Infosys executive T.V. Mohandas Pai. Mint reported on 6 February that 3one4 Capital, which backed data platform Tracxn, meat delivery firm Licious and fintech startup Tonetag, would raise ₹350 crore ($50 million) for its new fund, Continuum I. The fund would focus on Series B and subsequent rounds with cheque sizes between $3 million and $5 million, primarily co-investing with other investors, Pai said