TradingView platform valued at $3 billion
A popular tool for modern cryptocurrency analysts and investors, the TradingView platform managed to raise $298M in a new round of funding.
The London-based TradingView firm was founded back in 2011 by three businessmen Konstantin Ivanov, Stanislav Bokov, and Denis Globa. For 10 years of its existence, they managed to make the site not only world-famous but also to receive more than $338 million in investments. So, in 2018, the service closed a round of funding for Series B in the amount of $37 million.
Overhead the prior 18 months, the quantity of TradingView guests has risen by 237%. The creators believe that the main reason for this is the rapid growth in the number of investors due to the outbreak of the pandemic. Overall, in the wake of COVID-19 and the growth in rates of dominant cryptocurrencies, the area of startups offering several services to retail investors has undergone significant growth and an influx of financial injections from institutions. CEO Pierce Crosby emphasized that the monthly active users of the platform exceeded 29 million.
The new round of funding was led by Tiger Global Management, with a combined valuation of $3B by TradingView. While TradingView directors decided not to disclose details of their financial performance, they noted that the company is profitable.
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