TradingView hits $3b valuation with $298m investment
By Edlyn Cardoza
TradingView Inc, a popular charting platform and social network for traders and investors, recently announced a new $298 million investment round – led by Tiger Global. The financing takes the company – with paying customers in over 180 countries worldwide – to a $3 billion valuation.
Denis Globa, CEO and co-founder of TradingView, said: “We’re excited to be partnering with Tiger Global. Their global fintech expertise and insights will contribute significantly to furthering TradingView’s vision of informed financial trading and investing for the world.”
“We built this company with the belief that people everywhere want the same thing: to be in control of their own economic futures. We work towards this by creating an environment where all traders and investors can Look first / Then leap. That it doesn’t matter who you are, or where you’re from, you’ll always have access to the best tools and the best insights to find your right trading opportunities, then act on them”.
The investment follows strong growth for the company, which recently reported a 400% increase in created accounts and a 237% increase in visitors to the platform in the last 18 months. It’s now recognized as the world’s most popular investing website– with 30 million monthly users – and in the top 100 most engaging websites globally on the internet.
The company is also doubling down on its broker relationships and expects to partner and integrate with most major brokerage platforms over the next few years to allow consumers to trade directly from TradingView while using their preferred financial institutions.
“TradingView’s global reach, strong product offering, and engaged customer base positions the company to be the default social network and financial analysis platform used by all traders and investors,” said Alex Cook, Partner, Tiger Global. “We’re looking forward to helping Denis and the team realize this ambition and expand the company’s market leadership position.”
Recently, IBS Intelligence reported that TradingView, reported a record-breaking 550 million unique users, signaling that the global ‘retail investor revolution’ is only just beginning.
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