April 20, 2024

The trading platform created by immigrants from Rostov-on-Don was valued at $ 3 billion

The social network for traders TradingView, which was created by immigrants from Russia, was valued by investors at $ 3 billion. After the outbreak of the pandemic, the number of platform visitors increased by 237%.

TradingView, a social network for traders, raised $ 298 million in a new round, Bloomberg reported. According to him, the company's valuation rose to $ 3 billion.

According to Crunch Base, TradingView had raised $ 40.8 million before, with the last round in May 2018. The company then did not disclose its assessment.

Tiger fund became the leading investor in the roundGlobal Management, which Crunchbase News called "the world's largest unicorn hunter." In 2021, the fund also invested in a platform to support content creators Patreon and fitness company Peloton.

The number of visitors to the TradingView platform has grownover the past 18 months by 237%, Bloomberg wrote. The pandemic helped to increase popularity: many newcomers began to engage in trading during quarantines, the agency said. TradingView now has 29 million monthly active users who follow stock charts, other data and news on the service, CEO Pierce Crosby told the agency.

TradingView claims to be profitable andplans to grow by developing its brand around the world, Bloomberg added. In addition to direct services to users, TradingView also intends to integrate with the largest brokerage platforms.

TradingView was created in 2011 by Konstantin Ivanovand Denis Globa. TradingView is essentially a social network for investors and traders, where they can not only trade, but also analyze market information online, discuss it and exchange ideas. Denis Globa, judging by his LinkedIn page (blocked in Russia), a graduate of the Rostov State University of Economics, now lives in London. TradingView is also registered there. Ivanov indicated on his LinkedIn page that he graduated from Rostov State University (now Southern Federal University).

Retail investor interest in stock marketsis growing, Bloomberg points out. Startups make money on this by providing tools and services to investors. The German fintech company Trade Republic Bank received $ 900 million in May with an appraisal of more than $ 5 billion. In September, Revolut, a fintech service founded by Russian-born Nikolai Storonsky, decided to launch a commission-free platform for trading shares in the United States. In July, investors valued Revolut at $ 33 billion, and the company raised $ 800 million in investments. The assessment of the state of Storonskiy has since grown by almost 500%.

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