Reports said that TradingView has secured $298 million in a funding round to attain a $3 billion valuation.
It has been reported that TradingView’s new investor, Tiger Global said that the funding follows a strong growth of the platform’s user base, mostly retail investors, during the pandemic.
However, according to the announcement, TradingView experienced a 400% increase in new accounts and a 237% increase in visitors in the last 18 months.
Denis Globa, the CEO and co-founder of TradingView, highlighted Tiger Global’s expertise in fintech, adding that the partnership would contribute to informed financial trading. The platform enables over 30 million monthly users in 180 countries to access price charts of assets such as cryptocurrencies, stocks and futures.
“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.”
The report said that the company said TradingView aims to bolster its broker relationships with partnerships and integrations with major brokerage firms in a bid to enable visitors to trade directly from the platform. Tiger Global’s Alex Cook said that TradingView’s global standing among retail investors positions the company “to be the default social network and financial analysis platform used by all traders and investors.”
Thus, a known investor in crypto, Tiger Global recently led another mega-funding round. Together with Coatue Management, the venture capital has invested $400 million into the crypto payments startup MoonPay.