Moby, a dynamic platform dedicated to democratizing Wall Street-level investing insights for everyone, has closed a significant $5 million seed funding round, achieving a valuation of $30 million. This investment was led by IA Capital Group, with additional participation from Alumni Ventures and a group of influential angel investors.
These notable individuals include former C-suite executives from prominent financial institutions, such as Morgan Stanley and Fidelity, as well as leaders from innovative companies like Cash App, Tifin, and Wunderkind. This substantial funding injection is poised to accelerate Moby’s already impressive growth trajectory further and bolster its mission to empower everyday investors.
The past year has been a period of remarkable expansion for Moby. The platform has experienced an impressive 600% increase in paid subscribers, underscoring strong demand for its distinctive offerings. Furthermore, Moby’s content now reaches over 100 million quarterly views across various platforms, highlighting its widespread impact and visibility within the investment community. The Moby app has also garnered a substantial user base, with nearly 100,000 monthly active users.
Beyond its premium services, Moby’s freemium product has experienced exceptional growth, attracting 300,000 subscribers and setting ambitious targets to reach 500,000 by the end of the year, with an ultimate goal of surpassing 1 million in 2026. This multifaceted growth underscores Moby’s effectiveness in engaging and expanding its user base across different tiers of service.
In today’s financial landscape, retail investors have the advantage of commission-free trading, but they often find themselves at a disadvantage due to relying on consumer-grade information. And institutional investors benefit from access to sophisticated research and data that can cost millions of dollars, creating an uneven playing field. Moby recognized this disparity and is actively addressing it by developing a proprietary artificial intelligence engine.
This advanced AI system is designed to ingest the same comprehensive data sources utilized by top-tier financial institutions. The true innovation lies in its ability to transform this complex data into clear, easily understandable insights, thereby empowering everyday investors to make more informed and strategic decisions.
Moby’s users receive up-to-the-minute analysis that is specifically tailored to their individual investment goals. The content presented throughout the day is crafted to be not only informative but also engaging, providing insights that feel as though they are coming from a trusted and knowledgeable financial friend. This personalized approach fosters a deeper understanding and confidence for investors navigating the markets.
How the funding will be used: This new funding will be strategically deployed to fuel several key areas of Moby’s development and expansion. A significant portion will be allocated to advancing hiring efforts, enabling the company to attract and retain top talent to further its mission. The investment will also power the development of Moby’s next-generation mobile platform, promising an even more intuitive and robust user experience. Enhancing its AI-driven analytics will remain a core focus, continually improving the quality and relevance of the insights provided to users. Finally, a portion of the funding will be dedicated to fueling strategic partnerships, expanding Moby’s reach, and solidifying its position as a leading platform for retail investors seeking a sophisticated yet accessible approach to financial markets.
KEY QUOTES:
“We spent years on Wall Street watching regular people make investment decisions based on headlines and hot tips. Meanwhile, we had teams of researchers, real-time data feeds, and sophisticated models. That seemed fundamentally unfair.”
Justin Kramer, Moby’s co-founder
“The retail investing space is full of either oversimplified robo-advice or completely overwhelming data dumps. We’re building the middle path: sophisticated insights delivered in a way that respects people’s time and intelligence.”
Co-founder Dan Remstein
“The March 2025 NBER/NYU study revealed that retail investors spend just six minutes researching a stock before buying —time that’s too often spent on price charts, not fundamentals. Moby is flipping that script with institutional-grade insights that empower smarter decisions, and their explosive growth proves the demand. We’re excited to back Justin, Dan, and the Moby team as they reshape how retail investors make decisions.”
Ravi Shah, Principal at IA Capital Group
