Popular retail charting platform and social network for traders and investors TradingView has announced a new $298 million investment round, led by Tiger Global. The financing takes the company, which has paying customers in over 180 countries worldwide, to a $3 billion valuation.
This was the second major investment for Tiger Global this year in an online trading platform. Tiger led a $40 million investment round raised by Australia based neobroker Stake in May 2021.
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.
The company added that it is also doubling down on its broker relationships and is expecting 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 has become increasingly popular with Retail FX and CFD brokers as an add-on to traditional MT4/MT5 platforms. Brokers who have integrated TradingView to their offering include Tickmill, easyMarkets, Capital.com, and Saxo Bank.
Alex Cook, Partner at Tiger Global added:
“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. We’re looking forward to helping Denis and the team realize this ambition and expand the company’s market leadership position.”