Investment management platform Titan raised $58 million in a funding round led by venture capital giant Andreessen Horowitz’s cryptocurrency fund, with participation from celebrities Kevin Durant, Odell Beckham Jr, Jared Leto and Will Smith.
Titan aims to give everyday investors access to investment experts, with a focus on investing in its Titan Crypto cryptocurrency. Andreessen Horowitz (A16z) led the round, with participation from existing investors, including General Catalyst, BoxGroup, and Ashton Kutcher’s Sound Ventures.
Titan grew by 500% in the last 12 months, largely organically, as everyday investors turned to the platform looking for active investment management without having to do it themselves. Titan is expecting to cross its first $1 billion in assets under management later this year, just over three years after launch.
Acharya said Titan is reinventing investing for the millennial and Gen Z generations and is adding transparency and the opportunity to learn.