In business school, we used to say "B's make degrees" but in the startup world, we don't settle for less than A's, and a B round of venture financing makes a lot more than a few degrees of difference. With $8 million in B-round financing from North Bridge Venture Partners and Egan-Managed Capital, we're going to be able to do a lot more for our trader members, our investors and the Forex world. Here's our top three:
- Accelerate our expansion around the world. Forex is a global market and we're going to be a global business.
- Develop Currensee Market Watch™ and other proprietary social indicators. We've been working on the first real-time social sentiment indicator that shows what traders are doing based on actual trades, which will also include advanced data options, such as real-time market depth, and new customization features. You're gonna love it.
- Drive the Currensee Trade Leaders ™ program. The financing will allow us to increase the velocity of the Trade Leaders Program, the first Forex social trade automation service that allows traders to follow the most successful Trade Leaders in the Currensee platform and create their own Forex investment portfolios.
Jim Moran of North Bridge Venture Partners joined our board during the A round, and now we welcome Travis Connors from Egan-Managed Capital to the Currensee board. You can read their comments on investing in Currensee and the Forex social space in our funding press release.
This is no Oscar, and we're certainly not going to rest on our laurels, but we do need to thank our members - especially the early ones - for being there and giving us feedback and encouragement (and sometimes that other stuff too), and making the community happen. You've told us how much you like the Currensee trader network and platfor and that what gives our investors confidence. In the words of our CEO, Dave "El Capitan" Lemont,
“The Forex market is ready for change and we are now in an even better place to accelerate our international expansion and product development to bring that change to the market. We continue to bring trust and transparency to Forex traders around the world and we’ve already seen broad traction from the traders who have joined our trading social network over the past year. We are ready to advance the platform, take the trader network to the next level and become the primary destination for Forex traders.”
Watch this space for more exciting news.
Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results.
Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results. Investor returns may vary from Trade Leader returns based on slippage, fees, broker spreads, volatility or other market conditions.