Vest完成1300万美元种子轮融资，Portal Ventures领投

BlockBeats news, October 7th, according to Fortune, retail proprietary trading startup Vest Labs announced the completion of a $13 million seed round of financing, led by Portal Ventures, with some executives from Citadel Securities, BlackRock, and KKR participating as individual investors. The company did not disclose the post-financing valuation.

Vest allows eligible traders to use the company's funds to trade perpetual contracts around the clock in real markets, and traders can keep up to 80% of the profits, with the rest going to the company. The company said that compared with some retail proprietary trading institutions that rely on simulated trading accounts to charge fees, this model allows Vest to benefit from traders' success rather than betting on their failure.

The financing will be used to develop a mobile app, expand the current 22-person team, and increase the types of assets that can be traded around the clock. According to Vest's own disclosure, as of late September, about 26% of the platform's approximately 27,000 traders had received cash payouts, and monthly active traders and trading volume both grew by more than 300% month-on-month.