NYC-based Alinea Invest secures $3.4Million in seed funding. Lead investors in the round were F7 Ventures and GFR; other participants included Arash Ferdowsi, co-founder of Dropbox, Worklife Ventures (Bri Kimmel), FoundersX Fund, and Gaingels.
The money will go toward supporting more product development, the advancement of an AI copilot, customization options, and other educational endeavors, according to the business.
Read also – Canada-based Cnergreen Secures $2Million in Seed Funding
Alinea, which was co-founded by Eve Halimi and Anam Lakhani and is run by CTO Daniel Nissenbaum, offers an AI-powered platform that puts social media and community first, enabling Gen Z women to invest more easily.
The 2021 Y Combinator startup had previously obtained pre-seed money from Goodwater, Harvard, Kima Ventures, Diaspora, and other sources totaling $2.3 million.
Read also – Arizona-based MY DR NOW Secures $60Million in Funding
Alinea hopes to expand into the AI business by launching an AI financial adviser with the $3.4 million seed round. The new feature, which is scheduled for release later this year, will provide an interactive means of requesting investment advice, even though the app now uses a combination of AI and knowledgeable advisors to generate stock recommendations.
About Alinea
Alinea was founded in the midst of the COVID-19 pandemic by Anam Lakhani, Eve Halimi, and CTO Daniel Nissenbaum, who had previously met at Columbia University and Barnard College. The current co-CEOs, Lakhani and Halimi, shared a similar financial pain point during their Wall Street internship.
Read also – NYC-based GreenSpark Secures $9.4Million in Funding
They were unsure of the finest ways to invest. Inspired by this concept, I wrote an app business plan while enrolled in an entrepreneurship course at school. When COVID struck later, the founders took full-time positions in investment banking and at a growth-stage firm.
