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Social and investing app Shares closes $40m Series A funding round

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UK-based Shares, which claims to be “Europe’s first social and investing app with a waitlist of more than 60,000”, has launched its app to the market and closed a $40 million Series A round.

The founding team of Shares

The round was led by Peter Thiel’s fund, Valar Ventures.

This brings the start-up’s total funding to $50 million. Among its earlier investors are Singular and Global Founders Capital.

In the nine months since its inception, Shares has hired over 130 full-time employees and established its first three offices in London, Paris and Krakow.

Co-founded by Benjamin Chemla (chief executive officer), François Ruty (chief technology officer), and Harjas Singh (chief product officer), Shares’ senior team incudes hires from Revolut, Stuart, Morgan Stanley, Bumble, and FreeNow.

Singh explains the thinking behind Shares: “The use of social networks has fundamentally changed how we interact with friends and family, what we talk about and how we make decisions. With being more connected than ever, why shouldn’t it improve the way we think about…

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