Currensee operates an alternative investment service that gives investors access to currency markets worldwide and offers the Currensee Trade Leaders™ Investment Program to automatically replicate trades of top traders. Its core technology includes the Currensee Intelligent Trade Replication Technology™, a trade automation engine that manages timing and round-turn execution of trades. The company plans to use newly raised capital to develop decision-making, collaboration, and portfolio-management tools for investors. It will also advance its technology infrastructure, including data center expansion and enhancements to its trade-replication engine. Currensee intends to expand sales teams in the UK and Europe and to sign new global partnership deals in Asia and Europe. At the time of the article the company was led by CEO Dave Lemont and had raised a total of $16.8m to date. Currensee operates a social network for forex traders, enabling members to see each other’s trades, positions, strategies and performance in real time. The platform reports traders from over 70 countries and supports more than 100 brokers. Recent product additions include Currensee Marketplace, full MT4 support, a Tweet My Trades feature, and a partnership with Thomson Reuters IFR Markets. With new funding, the company plans to accelerate expansion in the UK, Europe, and Asia where Forex trading is growing rapidly. Part of the capital will be used to develop Currensee Market Watch, a real-time social sentiment indicator based on actual trades. The company has raised $12M in total financing following the latest round.

Total raised

$12M

Funding rounds

2

Latest round

Series C

Latest activity

Apr 2011