The world's most popular social network and charting platform for traders and investors, TradingView, has gained $298 million in a new investment round led by Tiger Global. The financing takes the company – with paying customers in over 180 countries worldwide – to a $3 billion valuation.
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. It's now recognized as the world's most popular investing website– with 30 million monthly users – and in the top 100 most engaging websites globally on the internet.
"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" Denis Globa, CEO and co-founder of TradingView said
The company 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'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," said Alex Cook, Partner, Tiger Global.
Retail investors turned their attention to trading amid lockdowns and drove massive moves in "meme stocks" like GameStop and AMC Entertainment.
TradingView was founded in 2011 and is based in London.
Tiger Global was founded in 2001 and is headquartered in New York with affiliate offices in Hong Kong, Beijing, Singapore and Bangalore.