eToro has completed a funding round of $15 million led by Spark Capital.
The social trading venture says it will use the cash to accelerate innovation and continue to realise its vision of disrupting the financial markets. “The internet is breaking down long-standing business models across various well-established industries. Just as our portfolio companies, Twitter, Tumblr and foursquare have reinvented the way people interact online, eToro is now leading the charge to disrupt yet another industry, the financial services market,” says Santo Politi, general partner at Spark Capital.
"We are very pleased to have Spark Capital onboard to help us continue to expand and lead the social trading revolution, " comments eToro CEO, Johnathan Assia. "As the largest investment network, we constantly push the boundaries of design and technology to harness the wisdom of the crowds for our users helping them trade and invest online more intelligently, yielding outstanding results.”
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