Charting platform TradingView raises $298 million at $3 billion valuation
Charting and investing platform TradingView has raised $298 million in a round led by Tiger Global Management, as first reported by Bloomberg.
The raise values TradingView at $3 billion. The London-based company had raised a little over $40 million prior to its latest capital injection, with its last raise coming in May 2018.
Launched around a decade ago, the platform, which is used by more than 30 million people, allows users to chart the performance of a wide range of assets, while also giving them a social network for discussing trades.
Bloomberg reports that TradingView has experienced a 237% increase in visitors to its site over the past 18 months, a period in which retail trading on platforms like Robinhood has skyrocketed.
Multiple fintech firms that offer stock investing — including Trade Republic and Revolut — have capitalized on the growing interest in the sector with massive fundraises. So too have the infrastructure firms that support these retail trading platforms, such as DriveWealth, which raised $450 million in August.
Bloomberg reports that TradingView, which is profitable, is now eyeing global expansion.
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Author: Ryan Weeks
