Charting platform TradingView raises $298 million at $3 billion valuation
October 14, 2021, 9:41AM EDT
1 min read
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.
Today the always-on demands of online markets have to be matched with the ability to access opportunities instantly and with no limits. Historically correspondent banks would move large sums of money for those needing to transfer funds while creating bottlenecks of unnecessary friction.
Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.