Sarna, a startup focused on retail investing, raised a total of $2.5M as it seeks to come out of beta in the U.S. this summer.

 

Sarna, a startup focused on retail investing, raised a total of $2.5M as it seeks to come out of beta in the U.S. this summer.  The company also plans to make its platform available in Europe by the end of the year. The funding is divided between a $1.6M Seed round led by Simplex Ventures, with participation from Wedbush Financial Services and Wedbush Ventures, and a previous ~$950,000 pre-Seed investment led by Motivate Venture Capital. Other companies in the Simplex portfolio include Bluepallet, a B2B market network for the chemicals sector, and SureBright, an insurance-as-a-service platform. "Rather than putting a modern skin on legacy infrastructure, Dominik and team are building the technical backend and internal risk management capabilities for today's trading volumes and volatility with intraday buying power calculations and margin capabilities," said Petra Griffith, founder and managing director at Wedbush Ventures.