Galaxy Ventures GmbH, the Vienna-based parent company of Austrian FinTechs AgenaTrader and TradersYard, has announced its €3.5m investment.
Galaxy Ventures, the innovative holding company behind these two trailblazing entities, represents a significant cog in the FinTech wheel.
The robust investment of €3.5m has been generously contributed by Andromeda Capital Partners, a Swiss-based private equity firm. This monetary injection bolsters the ambitions of AgenaTrader and TradersYard, showcasing the investors’ confidence in their transformative plans for the trading landscape.
AgenaTrader is a Bloomberg certified integration partner with a decade-long presence in the market, delivering a suite of potent trading and market-scanning tools to clients around the globe. On the other hand, TradersYard is an emerging social network catering specifically to traders and investors, poised for significant developments later this year. Together, they aspire to revamp the trading landscape through advanced platforms and an interactive social trading network.
This fresh influx of capital will be employed to expand the firm’s engineering, marketing, sales, and business development teams, thereby broadening their collective capabilities. By doing so, AgenaTrader and TradersYard aim to make their platforms among the most popular worldwide, with a strategic focus on simplifying product offerings and reducing platform fees, including the introduction of a free version.
Furthermore, AgenaTrader’s founder, Gilbert Kreuzthaler, announced plans for a competitive fee structure and product enhancements while expanding partnerships with banks, brokers, and technology firms. Gilbert Kreuzthaler, the founder of AgenaTrader, commented, “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.”
In parallel, Manuel Sonnleithner, co-founder of TradersYard, divulged their ambitious plans to reshape the industry and fuel unparalleled growth. He said, “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.”
Excitement surrounds Andromeda’s strategic investment in AgenaTrader and TradersYard, with the founder of Andromeda Capital Partners, Ingmar Mattus, stating, “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.”
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