Your time is Your Life-Your Life is Your Wealth

TechCrunch

Alternative investing startup Wikifolio has closed a €6 million funding round led by European early stage venture fund Speedinvest. The fresh capital will be used by the Austrian company, which I’m told broke-even in the first quarter of 2014, to expand beyond its home country and Germany.

Existing shareholders VHB Ventures (Verlagsgruppe Handelsblatt), Lang & Schwarz, Michael Grabner Media, and Michael Altrichter also participated in the round, along with a number of private investors associated with Speedinvest, among them Jörg Flöck, a former Thomson Reuters executive.

Offering a platform for alternative investing, Wikifolio enables traders to turn their portfolios into fully-fledged financial products, called “wikifolios”, which are then listed on the stock exchange Börse Stuttgart.

The idea being that, through Wikifolio, investors can put their cash into the trading strategies of professional traders via ordering wikifolios through various online brokerages — similar to existing investment products.

Each trade, including execution…

View original post 48 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: