WSJ – Online financial services, from crowdfunding startups to peer-to-peer lending, are becoming increasingly popular and accepted. Now startup Sliced Investing Inc. is using a similar model of pooling resources from accredited individual investors, this time for investing in hedge funds.
The San Francisco startup, a graduate of this summer’s Y Combinator accelerator class, told Venture Capital Dispatch that it just raised a $2 million seed round from Khosla Ventures, Data Collective and TriplePoint Venture Growth. The startup is also raising a small portion of the round available to a broader range of investors via an AngelList syndicate from Ash Fontana.
