Social network for investors TradingView raises $3.6m
16 July 2015 | 4598 views | 0
TradingView, a social platform where traders and investors can share their insights and ideas, has raised $3.6 million in a Series A funding round led by iTech Capital.
Launched in 2012, TradingView now claims over 500,000 monthly active users from 100 countries for its free to use platform for both amateur and professional investors.
In addition to discussion forums, the site offers financial charts with data that are used by over 4000 financial portals and websites, including Investopedia, InstaForex and DailyFX.
The funding will be used to develop new services such as localisation as well as bolster sales and marketing efforts.
After putting up $3 million of the round, iTech is gaining two seats on TradingView's board, to be filled by Gleb Davidyuk and Alex Telnov.
Stan Bokov, COO of TradingView, says: "TradingView is doing in the financial industry what the first iPhone did to old phones. If you are a trader or investor, you’ll just ‘get it’. It’s a completely new way to visualise financial data and analyse it."