INSUBCONTINENT EXCLUSIVE:
TradingView, a developer of social networking and data analysis tools for financial markets, has raised millions in new venture funding.The
New York-based company just scored $37 million in funding led by the growth-stage investment firm Insight Venture Partners .TradingView has
developed a proprietary, JavaScript-based programming language called PineScript, which lets anyone develop their own customized financial
charging when customers want access to more charts, data and real-time server-side alerts.There are three payment plans beginning at $15,
with a mid-tier at $30 and a high-end $60 per-month premium option.The company had previously boosted its growth by offering its charting
software for free to partner websites like SeekingAlpha, Bitfinex and the Nasdaq
That strategy helped it grow to 8 million monthly active users with around 61 percent coming from direct traffic as of March of this
year.These days the company derives nearly 75 percent of its revenue from those monthly subscription plans to individual traders
planning to make a push to serve more institutional clients with its toolkit.For the past seven years the company has enjoyed consistent
growth, according to TradingView co-founder and chief operations officer, Stan Bokov.For Paul Szurek, a vice-president at Insight Venture
Partners, the investment in TradingView is building off of broad consumer interest in amateur speculative trading
Looking at RobinHood, Bux and eToro as gateways for new investors who eventually move on to more sophisticated tools, Szurek said that
financial markets more broadly, according to Szurek
new TradingView include DRW Venture Capital and Jump Capital
The company was a graduate of the 2013 Techstars Chicago batch and was seeded by Irish Angels, Techstars, iTech Capital and undisclosed
