Extra! Extra! Currensee Raises $4M in Series C Financing
Posted by nate in Announcement, Currensee, Forex, tags: C financing, Currensee Trade Leaders Investment Program, funding, investment, TLIP
That’s right folks! These are exciting days here at Currensee. We’re proud to announce that our alternative investment service, which gives investors unique access to the world currency markets, has secured an additional $4 million as Series C financing from North Bridge Venture Partners, Egan-Managed Capital and Vernon & Park Capital. To date, the C round money brings us to a total financing of $16.8 million!
The latest round of funding will be used to develop new decision-making, collaboration and portfolio management tools for investors, to make currency investing even simpler and more transparent. It will also be used to fortify the Currensee technology infrastructure including data center expansion and enhancements to the Currensee Intelligent Trade Replication Technology™… a sophisticated trade automation engine that precisely manages the timing and round-turn execution of trades. The funds will also drive further international development, including the expansion of the Currensee sales teams in the United Kingdom and Europe, as well as new global partnership deals in Asia and Europe.
“Our customers come to us and invest in Trade Leaders mainly because of the lackluster returns and lack of transparency that come with traditional investments,” said Dave Lemont, CEO of Currensee. “We are bringing the world currency markets to every investor looking to move beyond the stock market while creating a viable alternative asset class for the market as a whole. This new funding will help us expand our distribution globally so that investors and professional money managers can benefit from the fast growing foreign exchange market.”
For more information about the latest news and our newest investors, North Bridge Venture Partners, Egan-Managed Capital and Vernon & Park Capital, follow the link below and read all about the exciting road ahead of Currensee and our Currensee Trade Leaders™ Investment Program.
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