iTech Capital, private-equity firm originally based in Russia, has announced that they have invested $3 million in a Series A round for Chicago-based investment startup TradingView (the startup is obtaining $3.6 million altogether). Per a press release, iTech says that this latest round will be used by TradingView to develop and launch new services, including localization, to expand sales and marketing efforts, and to implement new data feeds. iTech managing partner Gleb Davidyuk and portfolio manager Alex Tolnov will also join TradingView’s board, as part of the deal. Trading View previously raised $650K Chicago Angel Investors, Irish Angels, Techstars, and a host of private backers.
TradingView was created with the aim of providing the platform for creating and sharing interactive investment charts. I am not particularly experienced in this area, so I simply to clicked to create a chart for Apple and found that users can compare stocks, add indicators, using drawing tools to add their own markings, and then share with others. TradingView provides a tutorial to help new users get a hang of the place, as well offers some inspiration with a button that you can click in order to receive new ideas. One of the most appealing aspects of this platform is that it doesn’t not require users to install any special software or plugins, as charts can be created within the browser. TradingView can be tried for free, but costs $9.95 monthly at the basic level, $19.95 monthly for the premium version, and $39.95 monthly for heavy-duty edition.
TradingView launched in 2012 and participated in the TechStars Chicago acceleration program in 2013 on its way to global popularity. In just a few years from launch, the company currently claims more than 500K monthly users from 100 countries and reports growth at a 10% month-over-month rate.