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Austrian fintechs AgenaTrader and TradersYard raise €3.5m

Source: Galaxy Ventures

Galaxy Ventures GmbH, headquartered in Vienna and the holding company behind AgenaTrader and TradersYard, has secured a €3.5 million investment from the Swiss-based private equity firm Andromeda Capital Partners Suisse AG.

The firm was founded by Ingmar Mattus, who is also the co-founder of the globally operating trading fintech Tickmill and additionally a major shareholder in the Amsterdam-based investment app Change Group. This momentous investment marks a significant milestone for both AgenaTrader and TradersYard as they embark on a transformative journey to redefine the trading landscape through cutting-edge trading platforms and a collaborative social trading network.

With a history of over 10 years on the market, AgenaTrader is meanwhile recognized as a Bloomberg certified integration partner that delivers powerful trading and market-scanning tools to a worldwide client base. Notably, AgenaTrader has been nominated for the esteemed WealthTech100 list of 2023, further solidifying its position as a leading technology provider in the market. AgenaTrader's existing technology partnerships include Interactive Brokers, Bloomberg, StoneX, XTB, FXCM, CQG and Rithmic as well as a connection-technology to MetaTrader 5, among others. In the coming months, the list of connected banks, brokers, and technology firms will be expanded even further based on soon-to-be-announced competitive fee structures and product enhancements. "As a trading platform that supports all asset classes and offers access to more than 350 thousand trading instruments, we are open to working with any bank, broker, or hedge fund in providing the best-of-its-kind trading technology and market access," said Gilbert Kreuzthaler, the founder of AgenaTrader.

Currently, work is underway on version 3 of AgenaTrader, which will be a very attractive platform for traders in terms of both functionality and design, and will set new standards in the future alongside a mobile trading app and a web trader. The product offering will be simplified, and platform fees will be significantly reduced, including the introduction of a free version of the platform, to become one of the most popular platforms worldwide.

Furthermore, TradersYard, an emerging social network designed for traders and investors, is thrilled to announce major developments for the trading community later this year. These developments promise to reshape the industry and drive unprecedented growth, solidifying the group's position as a trailblazer in the financial technology sector. "TradersYard is a broker-agnostic, innovative, open social trading network where traders can easily find others who share similar ideas and processes, with an unrestricted ability to collaborate in real-time, share data, and analysis. The capital injection from Andromeda will help us expand our product offering and marketing initiatives," said Manuel Sonnleithner, co-founder of TradersYard.

"We are truly excited about this strategic investment into AgenaTrader and TradersYard, which grants us a controlling stake in the whole group. The transaction aligns perfectly with our strategy of acquiring and scaling innovative fintech companies in the capital markets space, creating a portfolio of successful companies that collaborate and synergize as one ecosystem," said Ingmar Mattus, founder of Andromeda Capital Partners.

In line with ambitious expansion plans, AgenaTrader and TradersYard will expand their engineering, marketing, sales, and business development teams. The new hires will play a pivotal role in shaping the future of AgenaTrader and TradersYard, as well as driving the company's mission to deliver innovative financial technology solutions to a global audience.

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