May 2018
iTech Capital has announced the sale of a partial stake in its portfolio company TradingView delivering more than 11xMoM to its investors
iTech Capital I, L.P. invested US $ 3 million in the social trading solution back in 2015. Currently TradingView has more than 8 million monthly active users, and organic user base growth over the last three years has reached more than 1600%. Insight Venture Partners is leading a US $ 37 million primary and secondary investment in TradingView to strengthen international expansion and development of new services, delivering iTech Capital more than 11x MoM in realized and unrealized gains. Insight Venture Parters is joined by Jump Capital and DRW Ventures in the transaction.
TradingView is a social network for traders based on an online platform for technical analysis. The company was founded in 2012 and became one of the top 500 websites globally as ranked by Amazon Alexa, ahead of CNBC, Wall Street Journal, MarketWatch, Reuters, The Economist, Motley Fool, Investopedia, and TechCrunch.
The main offering of TradingView is a real-time charting tool, with functionality comparable to leading global desktop platforms. With this trading platform, users receive tick-by-tick real-time data on stocks, forex, crypto and indices, and benefit from a wide range of technical analysis tools accessible directly on the platform from any device. Integrated trading is possible through brokers and the Poloniex crypto exchange. Social discovery tools enable interactive chatting and idea exchange increasing user engagement and improving user experience over traditional engines.
"At its core, TradingView produces best-in-class financial charting software, and the community of traders and idea-sharing that has organically emerged around this platform represents one of the most active and valuable social networks we’ve seen," said Paul Szurek, Vice President at Insight Venture Partners.
"We are glad IVP saw the strength of TradingView’s capabilities and are happy to have them on board. The TradingView team is doing a great job introducing new tools and ideas to a diverse trader community. I am sure we are witnessing the rise of a unicorn club member and happy to be among one of the early investors." says Gleb Davidyuk, iTech Capital’s Managing Partner.
The main offering of TradingView is a real-time charting tool, with functionality comparable to leading global desktop platforms. With this trading platform, users receive tick-by-tick real-time data on stocks, forex, crypto and indices, and benefit from a wide range of technical analysis tools accessible directly on the platform from any device. Integrated trading is possible through brokers and the Poloniex crypto exchange. Social discovery tools enable interactive chatting and idea exchange increasing user engagement and improving user experience over traditional engines.
"At its core, TradingView produces best-in-class financial charting software, and the community of traders and idea-sharing that has organically emerged around this platform represents one of the most active and valuable social networks we’ve seen," said Paul Szurek, Vice President at Insight Venture Partners.
"We are glad IVP saw the strength of TradingView’s capabilities and are happy to have them on board. The TradingView team is doing a great job introducing new tools and ideas to a diverse trader community. I am sure we are witnessing the rise of a unicorn club member and happy to be among one of the early investors." says Gleb Davidyuk, iTech Capital’s Managing Partner.