# Stockspot

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/stockspot-pty

- Industry: Financial Services
- Headquarters: Sydney, Australia
- Website: www.stockspot.com.au
- Total disclosed funding: $4.3M
- Latest round: Series B (May 3, 2017)
- Investors on record: 3

## About

Stockspot Pty Ltd is an investment management firm that automates portfolio management for individual investors through tailored sharemarket portfolios, enhancing financial accessibility and security in the Australian market.Founded in 2013 in Sydney, Australia, Stockspot Pty Ltd specializes in providing automated investment solutions for individual investors. The company was co-founded by Chris Brycki and Kimberly Hurd. In August 2023, Stockspot received USD 28 mn in a Secondary Buyout led by Mirae Asset Global Investments, acquiring a 53% majority stake from previous investors including AWI Ventures and Global Founders Capital. The total amount raised by the company is USD 28 mn, with a total of 4 deals completed since its inception.Stockspot offers a comprehensive suite of investment management services primarily focused on automating portfolio management for individual investors. The core offerings include tailored sharemarket portfolios that align with clients’ financial goals and risk appetites, such as conservative, balanced, and aggressive growth options. Clients benefit from a custom-built dashboard that enables them to monitor their investments and access human financial advice as needed. Launched in 2014, Stockspot serves a diverse clientele, including individual investors, families, children under 18, self-managed super funds (SMSFs), businesses, and not-for-profit organizations, all seeking to simplify the investment process and enhance financial security. The company's services cater to the Australian market, focusing on providing automated investment solutions that combine technology with personalized advice.Stockspot's revenue model is primarily structured around management fees collected from clients based on their invested assets. Clients can choose from various fee tiers that scale according to the amount of assets under management, such as the Platinum tier for clients with USD 200,000 or more in assets, and the Diamond tier for those with USD 2 mn or more. The fee structure includes annual management fees that decrease as clients increase their investment amounts, providing incentives for larger investments. For example, clients in the Platinum tier are charged a fee of 0.528% per annum, while those in the Diamond tier pay 0.396% annually. Through these structured fees, Stockspot ensures a revenue stream while facilitating long-term investment relationships with a broad client base.In August 2023, Mirae Asset Global Investments acquired a 53% majority stake in Stockspot Pty Ltd for USD 28 mn. The acquisition is expected to enhance the company's technology and support the development of new products and services for clients. Stockspot aims to expand its offerings and may explore entering new markets to broaden its reach. The company plans to use the recent funding to improve its technological capabilities, ensuring that they continue to meet the evolving needs of their clients.

## Funding rounds

- Series B, May 3, 2017, $3M — Alium Capital Management
- Series A, Jun 22, 2015, $1.3M — Global Founders Capital, H2 Ventures

## Investors

- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Series A
- H2 Ventures (https://capitalatlas.ai/funds/h2-ventures) — Series A
- Alium Capital Management (https://capitalatlas.ai/funds/alium-capital-management) — Series B