Stocktwits is the original social platform for individual investors and traders, organizing conversations around cashtags and covering stocks, crypto, and other emerging investments. The company provides a community-driven hub that serves both novice and experienced investors and aims to reimagine financial media, tools, and services for the next generation. Stocktwits has more than 6M registered users and reaches over 5M users monthly; platform users grew 50% in 2021. Product expansion is a priority: the Portfolio Integration offering is coming out of beta and has already connected more than $1B in assets. With the new funding, Stocktwits plans to further develop the platform and expand its product offerings while pursuing global expansion, including localization and growth in India. The company is headquartered in New York and emphasizes bringing greater access and context to retail investors. StockTwits is a social media platform that provides real-time sentiment and conversation about stocks, known for inventing the “cash tag.” The platform integrates with trading services such as Robinhood and sells data access via an API that hedge funds and investment firms pay to leverage. It has about 1.5 million monthly active users, with 60% under age 44, and the company plans to expand audience reach, add premium features, and build out content like video to increase engagement. Leadership is shifting to Ian Rosen as CEO with founder Howard Lindzon moving to executive chairman, aligned with efforts to accelerate growth and monetize the platform. The company says its data business is doubling this year and it aims to widen the top of the brand funnel with new initiatives. StockTwits was founded in 2008 and is based in San Diego. StockTwits began as a service that filtered public-company, stock-related tweets for traders and has since expanded beyond that original scope. In 2009 the company broke off from Twitter and launched its own messaging platform. Earlier this year it acquired a financial news hub and also launched a private company product. The company is led by cofounder and CEO Howard Lindzon. It recently raised $4 million in a venture inside round from existing investors, bringing total capital raised to $8.6 million. The new funds will be used to hire more engineers and speed product development, and the company says more updates are coming soon. StockTwits launched about a year ago as a way for Twitter users to organize, share and discover thoughts on public company stocks. The service structures financial data by stock, user and reputation and preserves a familiar 140-character message format. In September the team moved off Twitter to build its own platform and an Air desktop application while retaining easy cross-posting to and from Twitter. StockTwits is also integrated into an official NASDAQ iPhone application and has introduced new products such as StockTwit TV. CEO Howard Lindzon said the service will expand greatly next year. Financially, the company recently closed a $3 million Series B round led by Foundry Group, with participation from True Ventures. StockTwits pulls tweets that use a “$” symbol into a dedicated stream to surface stock-related commentary on Twitter. The service aims to create a focused community within the broader Twitter conversation to help users monitor market sentiment and potentially make money. It has extended beyond its own site with a Firefox browser plugin and integration for WordPress blogs. Co-founder Howard Lindzon said the current version will remain free and that a premium offering is planned soon. Financially, the company has just completed a first round of venture funding of $800,000 from True Ventures, the same size as its earlier angel funding. The article describes the round as relatively small but respectable for the service’s scope.

Total raised

$40M

Funding rounds

5

Latest round

Series B

Latest activity

Dec 2021