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Etoro Secures $250M At A $3.5B Valuation After Scrapping Spac, Seeing Slower Growth

Mar 21, 2023•over 2 years ago

Amount Raised

$250 Million

LondonFinanceFinancial Services

Investors

Next Round Capital Partners

Description

After calling off its plans to go public via a SPAC at a $10.4 billion valuation in 2022, trading platform eToro has secured $250 million in funding at a $3.5 billion valuation.

Company Information

Company

eToro

Location

London, England, United Kingdom

About

eToro, the world’s leading social investment platform, was founded in 2007 with a mission to make global markets accessible to everyone, everywhere. Today, we’re proud to support a global community of over 20 million users who connect, share insights, and exchange investment strategies through our interactive social feed.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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