StockTwits, a NYC-based social finance community, raised $2m in funding.
The round was led by Social Leverage.
The company, which will use the funds to continue to expand operations, also named media and financial technology veteran Ian Rosen as Chief Executive Officer. Founder Howard Lindzon will assume the role of Executive Chairman, and will continue to serve as Chairman of StockTwits’ board.
Founded in 2008, StockTwits is a large social network for investors and traders. The company, which invented the cashtag (e.g. $AAPL) as a way to organize financially focused conversation on Twitter, owns and operates a social platform counting more than 1.3 Million individual and professional investors, traders, public companies and media professionals.
Rosen has deep experience in both media and financial technology, having led MarketWatch Inc, one of the largest financial media businesses globally, and serving as an advisor to StockTwits since 2013.
Working with Lindzon, Justin Paterno who will continue to provide his strategic and product expertise as Chief Operating Officer, and the rest of team, Ian will focus on growing StockTwits’ content, events, and data businesses, both deepening and widening its audience base.