Popular

Charting platform TradingView raises $298 million at $3 billion valuation

advertisement

Charting and investing platform TradingView has raised $298 million in a round led by Tiger Global Management, as first reported by Bloomberg.

The raise values TradingView at $3 billion. The London-based company had raised a little over $40 million prior to its latest capital injection, with its last raise coming in May 2018.

Launched around a decade ago, the platform, which is used by more than 30 million people, allows users to chart the performance of a wide range of assets, while also giving them a social network for discussing trades.

Bloomberg reports that TradingView has experienced a 237% increase in visitors to its site over the past 18 months, a period in which retail trading on platforms like Robinhood has skyrocketed.

Multiple fintech firms that offer stock investing — including Trade Republic and Revolut — have capitalized on the growing interest in the sector with massive fundraises. So too have the infrastructure firms that support these retail trading platforms, such as DriveWealth, which raised $450 million in August.

Bloomberg reports that TradingView, which is profitable, is now eyeing global expansion.

Trending Stories

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

SEC said to allow first bitcoin futures ETF to trade in US: report

The U.S. Securities and Exchange Commission is said to be allowing the first Bitcoin futures exchange-traded fund (ETF), per a Bloomberg report. The publication said in a report on Thursday night that the U.S. regulator “isn’t likely to block the products from starting to trade next week,” citing people familiar with the matter. The report […]
Read Full Story
Oct 15, 2021, 2:54AM UTC
More