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Commonstock raises $25m in Series A funding

San Francisco based social investing platform raised $25m in Series A funding led by Coatue.

“The ability for anybody to prove they own Tesla or Peloton by percentage, and show their skin in the game, weeds out a lot of the grifters who might say they had a 1,000% return,” Commonstock’s CEO and founder David McDonough told CNBC in an interview. “There’s no lying about it — you can see somebody’s performance in real time.” 

Tags

wealth management, social investing