MyHero Limited, the Singapore-based provider of TradeHero, a mobile stock market simulation app, raised US$10m in funding.
Backers included Kleiner Perkins Caufield Byers China fund (KPCB China) and IPV Capital.
The company intends to use the capital to expand operations, reach and build out its existing portfolio of product offerings including TradeHero.
Led by Dinesh Bhatia, CEO and Founder, TradeHero provides a financial engagement platform which lets users learn about trading in a controlled environment with real financial market information. It encourages knowledge sharing between novice and experienced traders in a global social investment network.
Launched six months ago, TradeHero has acquired 250,000 users spread over 200 countries. It is currently running a campaign with Macquarie Group in Singapore to promote warrants trading and is in discussions with other international financial institutions to leverage the app’s reach and platform.