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

Oct 14, 2021 | The Block News | 0 comments

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.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

News Source from TheBlockCrypto.com

Related Articles

Two US banks sign up for bitcoin trading platform from Q2 and NYDIG

New York’s Five Star Bank and California's UNIFY Financial Credit Union are the first U.S. institutions to offer bitcoin trading through a platform from Austin-based Q2 Holdings and New York Digital Investment Group (NYDIG).  Through the so-called Q2 Digital Banking...

Pin It on Pinterest

Share This