Sydney crypto trading software startup Copy Geek has raised $2 million in pre-seed funding to develop its technology and expand partnerships with cryptocurrency exchanges.
The round was led by Dr David Issa and Thomas Boga on behalf of a consortium of Sydney-based private investors. A valuation was not disclosed.
Bitfinex trader Chris Ji founded Copy Geek in June this year. It builds software for professional traders, including a copy-trading engine that allows users to automatically replicate another trader’s trades.
The non-custodial platform is live on Bitfinex, WhiteBIT, Bybit and Hyperliquid.
Copy Geek says its engine connects to exchanges’ existing accounts, software interfaces and order books, without requiring exchanges to build or host additional infrastructure. Copied trades are placed and settled on the exchange where the follower holds their account.
The company pitches the technology as a way for exchanges to attract funded traders and increase trading volumes while reducing customer acquisition costs.
Ji said the challenge was keeping followers’ trading positions aligned with those of the traders they copy.
“A copy-trading engine has one job, which is to copy your trades. Not just the order but also the result,” he said.
“Ours watches every fill and every execution and keeps the follower in sync with the trader, because a trader posting big numbers means nothing if the people following can’t come along for the same ride the trader’s on.”
The funding will support product development, engineering recruitment and further exchange partnerships.
Issa, a medical professional, said the consortium was backing the company’s combination of trading expertise and infrastructure.
“Copy Geek has built the exact type of robust, user-centric infrastructure needed to democratize access to these markets,” he said.
The startup’s tech adviser, Adrian Tadros, has more than two decades of experience across cloud providers, consulting firms and financial institutions.
