Streetbeat Gains Investment from 3Lines’ Orbit Fund

Deal News | Feb 06, 2025 | EIN

3Lines Venture Capital has announced a significant investment through its Orbit Fund into Streetbeat, a pioneering AI-powered wealth management platform. Streetbeat has been noted for its success in the B2C market, with over 80% of its individual investors achieving profitability and experiencing a trading volume boost exceeding 20%. The platform is now gaining traction among global wealth managers due to its AI capabilities that offer substantial ROI and efficiency in compliance reviews, portfolio management, and customer relations. Streetbeat’s tools reportedly allow for half the workflow to be executed at 500 times the speed, potentially doubling revenue. Krishna Kunapuli, CEO of 3Lines, highlighted the potential market impact of this partnership, focusing on unlocking a $300 billion total addressable market. Both companies are based in the United States, emphasizing innovation in financial technology.

Sectors

Financial Technology (Fintech)
Venture Capital

Geography

United States – Both 3Lines Venture Capital and Streetbeat are based in the United States, highlighting the geography relevant to the companies involved in this transaction.

Industry

Financial Technology (Fintech) – Streetbeat provides AI-powered investment solutions, reflecting its role within the fintech sector by modernizing wealth management and investing processes.
Venture Capital – 3Lines Venture Capital is involved in funding early-stage companies, exemplifying its role as a venture capital firm.

Financials

$300B – Potential total addressable market that could be unlocked by Streetbeat’s services as stated by 3Lines.

Participants

Name	Role	Type	Description
3Lines Venture Capital	Investor	Company	A venture capital firm based in Denver, Colorado, investing in future work, workforce, Web3.0, and AI-powered companies.
Streetbeat	Target company	Company	A Palo Alto, California-based company providing an AI-powered wealth management platform aimed at simplifying and enhancing investing activities.
Damian Scavo	CEO of Streetbeat	Person	Founder and CEO of Streetbeat, overseeing the development of the company’s AI-driven wealth management platform.
Krishna Kunapuli	CEO of 3Lines Venture Capital	Person	Founder and CEO of 3Lines Venture Capital, responsible for the firm's investment strategies and partnerships.