ChartIQ, a Charlottesville, VA-based provider of HTML5 financial charting software for capital markets, raised $4m in Series A funding.
The round was led by Illuminate Financial, with participation from existing investors ValueStream, Tribeca Angels and additional angel investors.
In conjunction with the funding, Mark Whitcroft, Partner at IFM, joined ChartIQ’s board.
The company intends to use the funds to expand its existing sales, marketing, and engineering teams in Virginia and New York, along with a new office in London.
Led by Dan Schleifer, CEO, ChartIQ provides professional-grade financial charting and data visualization software to allow banks, brokerages, financial portals, trading platforms, and research analytics providers from around the world to build applications and trading tools using advanced HTML5 technology.
The company’s technology is licensed by over 100 institutional and retail financial companies globally.