AAA TradingView charts path to $37m

TradingView charts path to $37m

US-based financial chart provider TradingView raised $37m in a series B round on Monday that featured DRW Venture Capital, the corporate venturing division of trading firm DRW.

Venture capital and private equity firm Insight Venture Partners led the round, while venture firm Jump Capital also supplied cash.

Founded in 2011, TradingView runs an online community with more than 8 million traders, who share insights with each other using free stock and foreign exchange charts on the platform.

The company claims its charts have been integrated into more than 40,000 third-party services including websites, applications, stock markets and futures exchanges.

The series B funding will allow TradingView to drive continued international growth and expand its software product offering.

Paul Szurek, vice-president at Insight, and Insight managing director Lonne Jaffe will join the company’s board of directors, as will Steve Farsht, co-founder of Corazon Capital and a former board member of accelerator Techstars Chicago, from which TradingView graduated in 2013.

TradingView had previously raised $3.7m from Techstars, Irish Angels, iTech Capital and assorted angel investors, it said. That appears to include a $3.6m series A round led by iTech Capital in 2015 that included unnamed existing investors.

Kimberly Trautmann, head of DRW Venture Capital, said: “As an investor, we are excited about the diverse cross section of the industry that TradingView has reached and its rapid growth.

“As a proprietary trading firm on an institutional level, we are looking forward to leveraging the platform and contributing to its further development.”

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