TradingView lands a $3 billion valuation after recent funding round
Fueled by a boom in cryptocurrency and stock trading by retail investors, charting tool and trader social-sharing platform TradingView has reached a valuation of $3 billion.
The London-based company just scored $298 million in a fresh funding round led by the growth-stage investment firm Tiger Global.
For the past 18 month TradingView has enjoyed consistent growth, having reported a 400% increase in created accounts. Traffic to the platform also grew 237% over a yearly basis, according to co-founder and CEO Denis Globa.
The data-driven investor community has hit over 30 million monthly active users and is expanding globally with paying customers in over 180 countries worldwide. That compares to 2,000 visitors per day when TradingView first launched in 2011.
The 10-year-old company, which operates one of the market’s largest financial and social platforms, has been doubling down on its broker relationships. Most recently, it integrated easyMarkets, a multi-regulated retail broker, as the latest online trading partner.
TradingView users, who are also customers with its supported brokers, can trade through charts without leaving the platform. They also receive customized alerts on breaking news, connect with other users, write down thoughts and scout the most active stocks of the day.
While TradingView’s products appeal largely to millennials – with 75% of its revenue coming from subscriptions sold to individual traders – it also supports institutional clients and big exchanges. The company earns revenue on three monthly membership models, priced at $15, $30, and a high-end $60 per-month premium option in turn of a host of features, data analytics, and real time-alerts.
The practice of paid real-time access is common as you usually have to pay for a market data feed, which includes the fee to the consolidated market data provider and certain exchange fees.
Furthermore, TradingView has a web-store where users can purchase access to third-party tools. The company’s solution had already been rising in popularity in recent years as it has successfully marketed itself as a provider of smooth HTML5 charts that encompass a diverse set of asset classes.
In its early days, TradingView got a boost from multiple investors, most recently bankrolled by Insight Venture Partners which led a $37 million funding round in 2018.
“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,” TradingView co-founder and CEO Denis Globa stated in the release.
“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,” added Alex Cook, Partner at Tiger Global.