Retail traders and investors social network TradingView, has secured $37m from its Series B round led by Insight Venture Partners.
Participation from the round also came from Jump Capital and DRW Venture Capital.
Founded in 2011, the company combines web-based charting, analytics and a trading platform with social network functions to enable communication between traders and investors. Users can access a free stock and forex charting trading platform to share and view trading plans and access real-time data on the market.
Capital from the investment will be used to expand the company’s software product suite and further its international growth.
Insight Venture Partners vice president Paul Szurek said, “At its core, TradingView produces best-in-class financial charting software, and the community of traders and idea-sharing that has organically emerged around this platform represents one of the most active and valuable social networks we’ve seen.
“We’re very excited about what the near-term product roadmap will deliver in terms of new capabilities and broad market coverage, including equities, fixed income, commodities, and cryptocurrencies.”
As part of the investment, Insight Venture Partners vice president Paul Szurek, and managing director Lonne Jaffe, will join TradingView’s board of directors.
The company has previously raised $3.7m in funding from investors including Irish Angels, TechStars, iTech Capital, and a selection of angel investors. Trading View also went through TechStars Chicago programme in 2013.
This investment marks Insight’s fifth in the FinTech space this year, with the firm’s previous transaction being a lead contribution to Chargebee’s $18m round. The company offers small and medium businesses with billing and invoicing, payments, accounting and subscription management solutions.
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