Stockr Closes $1.5 Million Seed Round to Bring Social Networking to the Investment Community
Platform to Go Live at the Finovate Conference on September 13th
SANTA MONICA, Calif., Sept. 12, 2012 /PRNewswire/ -- Stockr, the industry's most advanced social network for investors, today announced that it has closed a $1.5 million seed round. Participants included Personal Capital, The Doyle Investment Group, and Adam Townsend. The company also announced that its site—stockr.com—will go live at the Finovate Conference in New York on September 13th, where Stockr's co-founders Vinny Jindal and Tim Symington will present at 11am EDT.
In addition, Stockr has named seven members to its advisory board, including executives from the financial services, digital media, and investor relations industries (see below for full list).
Stockr is led by CEO Vinny Jindal, a former Wall Street analyst; Tim Symington, a technology entrepreneur; and Brendon Crawford, the company's CTO. Its platform connects investors to each other, to public companies, and to trustworthy sources of tradable information. Unlike other investor networks, Stockr is free to join and uses Facebook authentication to create the highest quality community possible, without the rumor-mongering prevalent on existing message boards. In addition, Stockr provides users with the best available content from across the web, pulling in content from over 400 trustworthy publishers of market-facing information.
"Since the advent of the stock message boards, no finance platform has kept pace with the recent and rapid evolution of social technologies. We built Stockr to help investors everywhere form real relationships with the people, publishers and companies that help them make better investment decisions," said Mr. Jindal. "The best investment ideas are based on credible information and refined through conversations with knowledgeable and trusted contacts. With Stockr, all investors—not just Wall Street traders—can access the broadest swath of financial news and the insights of a high-quality social network in real-time."
Bill Harris, CEO of Personal Capital, added, "Stockr is a big idea whose time has come. As CEO of several financial services companies -- PayPal, Intuit, and now Personal Capital -- I'm familiar with the kind of product, team and vision that's needed to thrive in this arena. I'm confident that the team at Stockr will continue innovating to bring the company to its fullest, and truly disruptive, potential."
In addition to Mr. Harris, Stockr's Advisory Board consists of:
- Craig Coblenz, former Director of Sales at Facebook.
- Eric Frank, former President of Thomson Reuters' Investment and Advisory Division.
- M. Scott Havens, SVP of Finance and Digital Operations at The Atlantic Media Company.
- Michael Jones, former Director of Business and Audience Development at The Wall Street Journal Digital Network.
- Michael Pachter, Managing Director of Equity Research at Wedbush Morgan Securities.
- Adam Townsend, EVP and Head of Investor Relations at CBS.
- Matthew Reilly, Managing Partner of the Extol Fund.
Starting Thursday, prospective users are welcome to sign up for a free account at www.stockr.com.
Stockr is the world's most advanced social network for the investment community. Led by Co-Founders Vinny Jindal, Tim Symington and Brendon Crawford, Stockr provides a specialized platform where investors, analysts, and public companies can communicate transparently and directly about financial news, stocks, market trends, investment ideas, and more. The platform enables users to create and develop social communities of trustworthy sources in order to compile the most comprehensive set of information available to make informed investment decisions. Stockr is a privately held company and is headquartered in Santa Monica, CA. For more information on Stockr please visit www.stockr.com.
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