Currensee Inc., a Boston, MA-based Forex trading social network that connects traders from around the world based on real-time trades, raised addtional funding, bringing its total Series B financing to $8.8m.
The new investment comes from Vernon & Park Capital L.P., a private equity firm specializing in the financial markets sector.
The company announced its $8m Series B round in February, which was led by North Bridge Venture Partners and Egan Managed Capital.
This additional capital infusion will allow Currensee to accelerate expansion in the UK, Europe, and Asia, as well as development of:
– Currensee Market Watch™, a real-time social sentiment indicator that shows what traders are doing based on actual trades and will include advanced data options, such as real-time market depth and new customization features;
– the Currensee Trade Leaders™ program, the Forex social trade automation service that allows traders to follow the most successful Trade Leaders in the Currensee platform and create their own Forex investment portfolios.