eToro, a large investment network, has closed a $15m funding.
Backers include Spark Capital and other unnamed investors.
The company intends to use the capital to accelerate its international growth and continue to develop its social trading platform.
Led by CEO Johnathan Assia, eToro operates a web-based and mobile social trading platform, CopyTrader™, which enable investors to see, follow and automatically copy the actions of other investors in real time. Its open Guru Program allows expert and traders to earn wide reaching recognition and monetize their trading expertise by earning rich monthly rewards.
Over the past year, the company has doubled its workforce, reaching over 200 employees in Europe, United States, Australia, and Israel, where its R&D center is located. Its online investment network currently has over 2 million registered users in over 140 countries.
26/01/2011: eToro Closes $8.3M Funding Round (read here)