Swiss fintech investor Andromeda puts €3.5M into AgenaTrader and TradersYard
Galaxy Ventures GmbH, headquartered in Vienna and the holding company behind trading platform provider AgenaTrader and open social trading network TradersYard, has announced that it has secured a €3.5 million investment from Swiss-based private equity firm Andromeda Capital Partners Suisse AG.
Galaxy was founded by Ingmar Mattus, who is also the co-founder of the globally operating trading fintech Tickmill and additionally a major shareholder in the Amsterdam-based investment app Change Group. The company said that this investment marks a significant milestone for both AgenaTrader and TradersYard, as they embark on a transformative journey to redefine the trading landscape through cutting-edge trading platforms and a collaborative social trading network.
With a history of over 10 years on the market, AgenaTrader is meanwhile recognized as a Bloomberg certified integration partner that delivers powerful trading and market-scanning tools to a worldwide client base. Notably, AgenaTrader has been nominated for the esteemed WealthTech100 list of 2023, further solidifying its position as a leading technology provider in the market. AgenaTrader’s existing technology partnerships include Interactive Brokers, Bloomberg, StoneX, XTB, FXCM, CQG and Rithmic as well as a connection-technology to MetaTrader 5, among others.
In the coming months, the list of connected banks, brokers, and technology firms will be expanded even further based on soon-to-be-announced competitive fee structures and product enhancements.
“As a trading platform that supports all asset classes and offers access to more than 350 thousand trading instruments, we are open to working with any bank, broker, or hedge fund in providing the best-of-its-kind trading technology and market access,” said Gilbert Kreuzthaler (pictured at top middle), the founder of AgenaTrader.
Currently, work is underway on version 3 of AgenaTrader, which will be a very attractive platform for traders in terms of both functionality and design, and will set new standards in the future alongside a mobile trading app and a web trader. The product offering will be simplified, and platform fees will be significantly reduced, including the introduction of a free version of the platform, to become one of the most popular platforms worldwide.
Furthermore, TradersYard, an emerging social network designed for traders and investors, is thrilled to announce major developments for the trading community later this year. These developments promise to reshape the industry and drive unprecedented growth, solidifying the group’s position as a trailblazer in the financial technology sector.
“TradersYard is a broker-agnostic, innovative, open social trading network where traders can easily find others who share similar ideas and processes, with an unrestricted ability to collaborate in real-time, share data, and analysis. The capital injection from Andromeda will help us expand our product offering and marketing initiatives,” said Manuel Sonnleithner (top left), co-founder of TradersYard.
“We are truly excited about this strategic investment into AgenaTrader and TradersYard, which grants us a controlling stake in the whole group. The transaction aligns perfectly with our strategy of acquiring and scaling innovative fintech companies in the capital markets space, creating a portfolio of successful companies that collaborate and synergize as one ecosystem,” said Ingmar Mattus (top right), founder of Andromeda Capital Partners.
In line with ambitious expansion plans, AgenaTrader and TradersYard will expand their engineering, marketing, sales, and business development teams. The new hires will play a pivotal role in shaping the future of AgenaTrader and TradersYard, as well as driving the company’s mission to deliver innovative financial technology solutions to a global audience.
About Andromeda Capital Partners Suisse AG
Andromeda Capital Partners is a Swiss-based visionary private equity firm committed to fostering disruptive innovations in the financial technology landscape. With a passion for supporting forward-thinking entrepreneurs, the company strategically invests in transformative projects and cutting-edge technologies that have the potential to reshape industries and revolutionize the way consumers and companies engage with finance. Over the next five years, the company plans to acquire and scale up a range of innovative small to medium-sized engineering-led fintech companies, all with proven capital markets products. The company works in partnership with the founders of these fintechs, scaling them into global organizations. The company’s investments target an extensive range of products, including trading platforms, liquidity management, AI and machine learning applications, as well as algorithmic trading.
About Galaxy Ventures GmbH
Galaxy Ventures is an Austrian-based group of fintech firms with the vision of empowering traders with cutting-edge technologies and fostering a collaborative trading community across the globe. The company has two main businesses – AgenaTrader and TradersYard.
AgenaTrader develops platforms for trading in financial instruments, including forex, stocks, CFDs, futures, options, and other asset classes. The platform is used by traders globally through integrations with Interactive Brokers, Bloomberg, StoneX, XTB, FXCM, CQG, Rithmic, and other brokers and technology providers. TradersYard is a broker-agnostic, innovative, open social trading network where traders can easily find others who share similar ideas and processes, with an unrestricted ability to collaborate in real-time, share data, and analysis.