Total amount raised
$692.7 Millions
Latest funding date
Location
eToro has successfully raised significant funding across multiple rounds, attracting a diverse group of investors. The platform offers a wide range of investment opportunities, including stocks, cryptocurrencies, and commodities.
Keep reading to explore the intricacies of eToro's fundraising journey and the investors backing this innovative platform.
What Is eToro?
Founded in 2007 in Tel Aviv, Israel, eToro is a global trading and investment platform. The company was established by David Ring, Ronen Assia, and Yoni Assia.
eToro offers a social trading network where users can trade a variety of financial instruments, including currencies, commodities, indices, crypto assets, and stocks. The platform aims to empower people to grow their knowledge and wealth within a global community.
With a workforce of 1001-5000 employees, eToro continues to innovate and expand its offerings, providing users with tools like CopyTrader™ and educational resources through eToro Academy.
How Much Funding Has eToro Raised?
- Funding Round: Series D
- Amount Raised: $12M
- Date: April 21, 2015
- Lead Investors: CommerzVentures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its global reach and enhance its trading platform.
- Funding Round: Series E
- Amount Raised: $100M
- Date: March 21, 2018
- Lead Investors: China Minsheng Financial Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Funding Round: Series E
- Amount Raised: $50M
- Date: April 26, 2018
- Lead Investors: China Minsheng Financial Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop its product offerings and technology.
- Funding Round: Venture Round
- Amount Raised: Not publicly disclosed
- Date: May 1, 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing innovation and market expansion.
- Funding Round: Secondary Market
- Amount Raised: $50M
- Date: December 8, 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early employees and angel investors.
- Funding Round: Venture Round
- Amount Raised: Not publicly disclosed
- Date: February 10, 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform capabilities and user experience.
- Funding Round: Debt Financing
- Amount Raised: $50M
- Date: February 21, 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expenses and strategic initiatives.
- Funding Round: Private Equity Round
- Amount Raised: Not publicly disclosed
- Date: March 16, 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel growth and market expansion.
- Funding Round: Venture Round
- Amount Raised: $250M
- Date: March 21, 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: $3.5 billion
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Funding Round: Secondary Market
- Amount Raised: $120M
- Date: July 31, 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Slightly lower than $3.5 billion
- Motivation Behind the Round: To provide liquidity to early employees and angel investors.
Total Amount Raised: $682M. Current Valuation: Slightly lower than $3.5 billion.
Key Investors
- SoftBank Vision Fund 2
- Details: SoftBank Vision Fund 2 is a global investment fund managed by SoftBank Group, focusing on technology-driven companies. It aims to support innovative businesses that are shaping the future.
- Investment Focus Areas: Technology, AI, robotics, telecommunications.
- Notable Investments: Uber, WeWork, ByteDance.
- ION Investment Group
- Details: ION Investment Group is a financial technology company that provides software and data analytics solutions. It serves a wide range of industries, including financial services and commodities.
- Investment Focus Areas: Financial technology, data analytics, software solutions.
- Notable Investments: Acuris, Dealogic, Fidessa.
- Velvet Sea Ventures
- Details: Velvet Sea Ventures is a venture capital firm that invests in early-stage and growth-stage companies. It focuses on supporting innovative and disruptive businesses.
- Investment Focus Areas: Early-stage technology companies, consumer internet, software sectors.
- Notable Investments: Scopely, Liquid Death, eToro.
- China Minsheng Financial Holdings
- Details: China Minsheng Financial Holdings is a financial services company based in China. It provides a range of financial products and services, including investment management and financial advisory.
- Investment Focus Areas: Financial services, investment management, advisory services.
- Notable Investments: Not publicly disclosed.
- CommerzVentures
- Details: CommerzVentures is the venture capital arm of Commerzbank, focusing on fintech and insurtech startups. It aims to support companies that are transforming the financial services industry.
- Investment Focus Areas: Fintech, insurtech, financial services.
- Notable Investments: Marqeta, Mambu, eToro.
What's Next for eToro?
eToro's future looks promising with significant opportunities on the horizon. The partnership with Twitter (now X) to integrate stock and crypto trading is a game-changer, potentially reaching millions of users. Additionally, ongoing product enhancements, such as AI assistants and extended trading hours, position eToro to capture a larger market share.
Future fundraising could see more secondary share sales, attracting institutional investors keen on eToro's sustainable growth. However, challenges like market volatility and rising living costs could impact user investment behavior. Despite these hurdles, eToro's innovative approach and strategic partnerships are likely to keep it ahead in the competitive online trading space.
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