Draco Evolution Secures $8 Million to Scale AI-Powered Investing App Dravo

Draco Evolution announced a successful $8 million Series A funding round to accelerate the rollout of Dravo, an AI-driven investing application for the retail market. This capital injection follows the significant success of the firm's DRAI ETF, which posted a 33.67 percent return in 2025. The funding will focus on enhancing AI architecture and expanding the current beta program on the iOS App Store.

Founded by hedge fund expert Jack Fu and YouTube co-founder Steve Chen, the firm aims to democratize institutional-grade strategies. Jack Fu spent two decades managing multi-billion dollar portfolios before turning his focus to AI-enabled wealth management. The partnership combines deep financial quantitative expertise with world-class software scaling capabilities to reach a broader audience.

The Dravo app functions by synthesizing over 1,000 daily signals and macroeconomic data points into clear investment actions. Users can link their personal brokerage accounts to the platform for automated execution and portfolio rebalancing. This system is designed to provide individual investors with the same structural advantages typically reserved for large hedge funds.

Performance of the underlying technology is anchored by the Draco AI ETF, listed as DRAI. While the S&P 500 returned 17.88 percent in 2025, the Draco model nearly doubled that performance. The app now transitions these proven models into a user-friendly interface that includes educational coaching for its members. Despite the high growth potential, the firm maintains a focus on risk management through its dual-component proprietary system. The AI predicts short-term market trends while a long-term macro model forecasts broader economic shifts. This adaptive approach allows the software to rotate into protective assets during bearish market regimes to help shield users from volatility.