Gatsby, an options trading platform that seeks to cater to younger investors, is returning to SeedInvest for another crowdfunding round.
Earlier this year, Gatsby raised over $700,000 in a preferred equity sale. The valuation was set at $10 million.
Gatsby is currently accepting indications of interest for a Reg A+ securities offering seeking up to $5 million in preferred equity again. This time Gatsby is issuing shares at a pre-money valuation of $25 million – a pretty big leap from this past spring.
Gatsby is a commission-free options trading platform for a “new generation of traders with its simple, social, and gamified options trading app.” Since launch in 2019, Gatsby reports having filled more than 100,000 options contracts and over $30 million of trades with a week over week growth rate of 10%. Currently, Gatsby reports over 7000 trading accounts.
Gatsby hopes to compete with established platforms like TD Ameritrade adn ETrade by simplifying the process and removing the jargon because “traditional platforms leave younger investors behind.”
Previously, Gatsby has raised over $3 million in total including the backing of several VCs like: Barclays, Techstars, Rosecliff Ventures, SWS Ventures, Irish Angels and Plug & Play Ventures.
A minimum investment of $999.00 is required. Reservations, which are non-binding, now stand at over $826,000.
The current Offering Circular is available here.
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