An all-star lineup of pro-athletes and celebrity investors have joined the latest funding round for investment platform Titan.
According to a press release, Kevin Durant, Odell Beckham Jr., Will Smith and others have participated in fundraising for a $58 million Series B on behalf of Titan — a firm that brings premier investment management to the everyday investor. The round was led by Andreessen Horowitz (a16z), with participation from existing investors such as General Catalyst, BoxGroup, and Ashton Kutcher’s Sound Ventures.
Titan reports that its new funds will be used to make substantial strides in building out its platform and suite of investment products, as well as scaling its core functional teams.
Amidst the new wave of building wealth in our society, Titan acts as a modern-day catalyst jumpstarting a new generation of investors looking to easily manage their investments. With help from its star-studded investors, Titan hopes to continue scaling the company to be a useful tool for those looking to get into the investing game.
“Titan is leading the way as investing gets re-invented for the millennial and Gen Z generations. Active investing is back, and audiences want transparency into investing decisions and the opportunity to learn,” a16z General Partner Anish Acharya said in a statement. “Since first meeting the Titan team last year, we’ve consistently been impressed by their product vision for the category, their best in class execution, and their highly ambitious team.”
Titan isn’t the only fintech platform getting celebrity help to assist the average person in managing their money. Tanya Van Court’s Goalsetter has also attracted the likes of NBA athletes like Durant, Chris Paul and Baron Davis to back her app that’s revolutionizing the idea behind financial literacy.
“I think what makes it so disruptive is that never before in the history of America has there been a Black woman-owned tech and financial education company that is targeted at our children,” Van Court previously told AfroTech. “Never before have our children had the opportunity to learn financial education from a Black woman.”
In regards to her big-name investors, she says “they wanted us to be able to succeed because they believe in Black entrepreneurship. They were very supportive because it just aligns with who they are, and what they do on a daily basis with their time and talent.”