Social and copy trading platform Collective2 has announced that it has surpassed $50 million dollars in investor capital linked to strategies on the platform. The increase represents a gain of over 30% in assets-following-strategies (AFS) from the prior quarter.
The comapny stated that the growth has come from both traditional accounts and the recent introduction of the ScoutAlpha, a managed service that consists of trading programs based on Collective2 trading strategies.
Collective2 is currently in the process of trying to raise $5 million in a private placement with accredited investors, in order to grow its business. The company will attempt to raise the money by relying on the Jumpstart our Business Startups (“Jobs”) Act exemption to Regulation D, which allows general solicitation of a Private Placement.
Matthew Klein, CEO and founder of Collective2.com stated:
This is an exciting milestone and continues to demonstrate the appeal of the strategies listed on C2.
Collective2 is an investing web site. Traders from around the world can ask Collective2 to track their brokerage results in real-time. Then other investors can “subscribe” to these traders, and automatically follow their trades in their own brokerage account.
Collective2 was founded in 2001. It has more than 90,000 registered users and 15,000 published strategies. Over $50 million dollars of investor capital is connected to the Collective2 platform.