Led · Series E · Mar 2018

eToro is a social investing network founded in 2007 and led by CEO Yoni Assia. Its platform lets users share investment strategies and follow top-performing investors across a community of over 30 million registered users. The company has expanded its product set in the US with stocks, ETFs and the acquisition of options trading app Gatsby, and bought Bullsheet to add portfolio management tools for eToro users. eToro is diversifying its US offering while also working with regulators internationally, securing registrations in France and Italy, a licence in New York, and an in-principle approval to operate as a broker in Abu Dhabi. The business continues to pursue global expansion and product diversification alongside regulatory engagement. The company disclosed a recent funding event as part of its broader corporate and market strategy. eToro operates a social trading and investment platform serving a community of 9 million users. Clients can manually invest in over 1,500 instruments across six asset classes, automatically copy trades of other traders, and access thematic portfolios via CopyFunds. CopyFunds include Top Trader CopyFunds, Market CopyFunds and Partner CopyFunds, offering curated and partner-managed portfolios. The company intends to use new funding to expand into new markets and to increase R&D in blockchain technology and the digitization of assets. eToro joined the London Stock Exchange’s ELITE program in 2015 and completed its capital raising with the support of ELITE Club Deal. To date the company has raised $162M in total capital. eToro is a London-based social investment network that enables investors to see, follow and automatically copy the actions of other investors in real time. The company has 4 million registered users across more than 140 countries. It secured a $27M equity round and the financing package also includes a credit facility from Silicon Valley Bank. Backers named in the round included Ping An Ventures (a VC under Ping An Insurance Group), SBT Venture Capital and existing investors Spark Capital and BRM Group. eToro intends to use the funds to accelerate growth, expand into new regions including China and Russia, and to roll out its expected product roadmap. The company is hiring and is led by CEO and co-founder Yoni Assia. eToro is a social trading platform that surfaces real-time user activity and offers a CopyTrader function to follow and mimic other traders' trades. The company monetizes through commissions on trades, with spreads averaging 0.03 percent (ranging 0.03–0.1 percent), and it also pays popular traders $10 per follower per month. eToro reports more than 2 million users across 140 countries and says traded positions on the network grew by more than 500 percent over the last year. The company doubled headcount to roughly 200 employees across Europe, the U.S., Australia and Israel in the past year. New funds will be used to hire additional staff and invest in R&D. eToro also plans a proper U.S. launch later this year pending licenses and partnerships and is discussing white-label deals with banks and financial institutions. eToro operates a social trading platform that enables investors to see, follow and copy the actions of other investors in real time. The company says its online investment network boasts 1.5 million users in over 130 countries. eToro has closed a funding round of $8.3 million. Investors in the round include Spark Capital, Social Leverage and existing investors. The company said the proceeds will be used to fuel international growth and further enhance its social trading platform.