Cache, brokerage specifically created for large stock positions secures $8.5million in seed funding. First Round Capital and Quiet Capital co-led the round, with support from prominent Wall Street and Silicon Valley angels such as Adam Nash, Ajeet Singh, Gokul Rajaram, James Herbert, Martin Mao, and Ralph Drybrough.
The money will be used by the business to grow both its operations and growth initiatives. The CEO and founder of Cache, Srikanth Narayan, recently announced the opening of the Cache Exchange Fund, a diversified fund made by combining investors with concentrated stock holdings.
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Each investor receives fund shares in exchange for their equities, which are contributed in precise ratios to resemble an index fund. The Cache Exchange Fund is an automated platform that helps with the onboarding process and takes only a few minutes to finish, with benchmarking to the Nasdaq-100.
About Cache
It is a San Francisco-based fintech business supported by some of the most astute angel investors in the IT and finance industries, First Round, and Quiet. Their brokerage was created with huge stock investments in mind.
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Cache offer products to lower your risk, produce passive income, and obtain effective liquidity if a sizable component of your portfolio is made up of individual equities.
