Crypto Startup Makara Raises $2M in Its Seed Funding Round
Summary
Robo-advisors, which are made up of different trading algorithms, have grown in popularity because they help everyday people manage their investments without the cost of a dedicated human financial advisor. Makaras crypto advisor is the first of its kind to be registered by the SEC to deal with cryptocurrency a notoriously volatile asset class that has grown in popularity in recent months. This concept could provide a good entry point for tentative investors to start putting their money in cryptocurrency.As a robo-advisor, Makara removes the guess-work involved in investing in crypto. Our technology helps investors gain exposure to a curated set of allocations based off of their interests and investing goals, Makaras CEO and co-founder Jesse Proudman told Built In. Weve seen great demand already through our waitlist, and were excited to unveil our general release in the coming months, Proudman said.Also in SeattleRipeLocker Raises $5M to Make Fruits, Flowers and Crops Last