TradingView valued at $3 billion after funding round

The financial analytics portal TradingView attracted $298 million at a $3 billion valuation. The funding round was led by investment firm Tiger Global Management, according to Bloomberg.

The TradingView platform enables users to monitor exchange charts and news, as well as discuss market information.

In the last 18 months its audience has grown by 237%, to 29 million per month. A comparable surge in user bases during this period was recorded by online brokers such as Robinhood. The latter, in the second quarter of 2021, reported an increase in active customers by 109%, to 21.3 million.

The London-based company did not disclose revenue or other financial metrics, but noted that it is profitable.

The funds from investors will be used to expand the business and develop the brand. In particular, the company plans to partner with major online brokers by integrating its service with their platforms.

According to CrunchBase, Stanislav Bokov, Denis Globa and Konstantin Ivanov founded TradingView in 2011. In ten years, the company has attracted over $338 million from investors. In May 2018, the platform closed a Series B financing round of $37 million.

In August 2021, the analytics platform Dune Analytics raised $8 million in a Series A round.

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