Scottsdale-based ClickIPO Holdings LLC has raised $2 million as it continues to grow what it calls the first mobile, automated software that allows individual investors to participate in the IPO market from their smartphones.
The money, part of a Series A round of funding, is from strategic and angel investors, including some local investors. The investors wish to remain anonymous, said Scott Coyle, co-founder and CEO of ClickIPO Holdings.
“The new money allows us to continue to develop the software and market the brand so more people are aware of this opportunity,” Coyle said. “We’re making great progress in democratizing the IPO market, making it available to all investors.”