NEW YORK – (BUSINESS WIRE) – July 20, 2021–
Titan, the new guard investment platform offering leading investment management to the daily investor, today announced it has closed a $ 58 million Series B fundraiser led by Andreessen Horowitz (a16z), with participation from existing investors including General Catalyst, BoxGroup and Ashton Kutcher Sound Enterprises. The round also includes the participation of a star team of professional athletes and celebrities, including Kevin Durant, Odell Beckham Jr., Jared Leto and Will Smith. Anish Acharya, a16z General Partner, will join Titan’s board of directors. To date, Titan has raised $ 75 million to support its mission to lead the world to better wealth. The funds will be used to make significant progress in building Titan’s underlying platform and suite of investment products, alongside the scale-up of core functional teams.
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Titan Raises $ 58 Million Series B Led by a16z to Build Modern Asset Management Giant (Photo: Business Wire)
What Fidelity and its iconic mutual funds were to baby boomers, Titan is to new generations of investors. Titan is the first DTC, mobile first investment platform where everyday investors, regardless of their wealth, can have their capital actively managed by investment experts in long-term strategies. Like the investment giants before him, the initial strategies on Titan’s platform are mostly stocks (for example, his large-cap growth strategy called “Flagship” aims to be a modern take on the revered Magellan Fund) . But the platform is rapidly expanding to other asset classes, entering new territory where historical players have not yet entered.
“There has been a revival of active investing. But traditional investment management vehicles remain the technological equivalents of VHS tapes. The industry needs a new operating system, ”said Joe Percoco, co-founder and co-CEO.
Titan hits this untapped nerve. The platform has grown 500% over the past 12 months, much of it organically, as daily investors flocked to the platform looking for active investment management without having to do it themselves. themselves. Titan expects to cross its first billion in assets under management later this year, just over three years after launch.
“Technology has sent shock waves through many categories of consumer credit, but investment management remains stubbornly behind. The lack of a modern asset management platform is a significant void. The long-term financial health of new generations remains at risk without it, ”said Clay Gardner, co-founder and co-CEO.
“Titan is leading the way as investing is reinvented for Millennials and Gen Z. Active investing is back and the public wants transparency in investment decisions and the opportunity to learn.” , said Anish Acharya, general partner at a16z. “Since our first meeting with the Titan team last year, we have always been impressed with their product vision for the category, their top-notch execution and their very ambitious team. “
Titan’s soon to be launched cryptocurrency offering will be the first and only actively managed portfolio of cryptocurrency assets available to U.S. investors *. The strategy seeks to invest in a concentrated basket of crypto assets that can outperform over a long-term time horizon. It is actively managed by Titan’s internal crypto investment team. For more information, visit https://www.titan.com/crypto/.
* At launch, Titan Crypto will be available to all US residents except those with a home address in New York. Access for New York-based residents will be provided once Titan’s custodial partner receives regulatory approval for state jurisdiction.
HOW TITAN WORKS
Investing through Titan is easy. After a quick sign-up, clients choose to place their capital in one or more of Titan’s current investment strategies, including Flagship (large US based companies), Opportunities (small and medium US based companies), Offshore (international companies) and Crypto (concentrated basket of crypto assets). Titan’s minimum investment is $ 100, and accredited and non-accredited investors can join. There are no performance-based fees and no lock-ups. Each strategy is rigorously actively managed by Titan’s internal investment team. Titan clients also own the underlying fractional shares of the companies in each investment strategy, providing greater flexibility over pooled vehicles like hedge funds and mutual funds. To register, download the Titan app wherever apps are found.
Titan is the new guard investment platform providing leading investment management to the everyday investor looking to compete with giants Fidelity and BlackRock. Based in downtown Manhattan, Titan was founded by Clayton Gardner, Maxwell Bernardy, and Joe Percoco. Similar to mutual fund platforms of the past, Titan has a fleet of actively managed open access strategies. Unlike historical players, Titan is first and foremost mobile, allowing investors to have investment experience directly with end investment managers. Titan’s mission is to lead the world to greater wealth and to be the investment authority for its generation. Discover Titan on www.titan.com.
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PUB: 07/20/2021 11:15 a.m. / DISC: 07/20/2021 11:16 a.m.
Copyright Business Wire 2021.