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VentureSouth Announces Investment in RoundlyX

Devon Smith
Devon Smith
Last updated: January 17, 2024
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Greenville, S.C. VentureSouth is pleased to announce its recent investment in RoundlyX, a digital asset platform based in Richmond, VA. RoundlyX allows users to round up their daily purchases and automatically invest that spare change in digital assets through multiple exchange partners.  Founders Andrew Elliott and Will Trible set out to build a convenient one-stop-shop to enable users to responsibly invest in the fast-growing web3 economy while easily tracking their holdings across exchanges. “VentureSouth’s investment will help us accelerate scaling the roundup service globally while also developing premium subscription products.” said CEO Drew Elliott. "There's so much cool stuff going on in web3, and no central platform," adding that he sees integrating the RoundlyX platform into things like sports betting and gaming in the near future to bring more channels into the fold. "The traction is there." VentureSouth Managing Director Matt Dunbar added “VentureSouth is excited to partner with Drew and the team at RoundlyX as they build out a much-needed suite of tools for this rapidly evolving asset class.  The platform offers a unique value proposition with its proven roundup approach to investing coupled with convenient visibility across multiple exchanges – and the opportunity to continue expanding across new products and partners.” VentureSouth invested alongside numerous other investors in the round, including the Virginia Innovation Partnership, Riverbend Capital, Blockchain Founders Fund and Orange DAO.