Sock, an investment app focused on safely building wealth with cryptocurrency, has officially launched with $2.8 million in seed funding. Haven Ventures led the round alongside notable angel investors including NerdWallet CEO Tim Chen.
With its self-custodial approach, Sock gives users complete control over their funds, allowing them to transact without paying network fees while also enabling account recovery in case of lost keys. Sock, now available for download on iOS and Android, aims to provide an accessible way for even casual crypto investors to grow their wealth without losing control of their funds. Sock uses a risk grading system based on customers’ risk tolerance and financial goals.
Founded in 2022 by tech veterans Rick Johanson, Bryan Levine and Chris Titterton, Sock addresses dissatisfaction with the current financial system and builds on the founders’ belief that cryptocurrency can play a vital role in addressing these issues. Sock’s founders aim to expand the app’s offerings to a global audience and provide non-custodial versions of other financial products, including payments and savings.
