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‘Social’ Investment Network eToro Is Picking Up Another $15 Million From Spark, Others eToro, the investment network that uses real-time features to let users follow and trade based on other users’ activities, has raised another $15 million in funding in a venture round led by Spark Capital with participation from existing investors BRM, Guy Gamzu and Jonathan Kolber. The new round takes the total amount of funding in the Israel-based company to $33.9 million. Billing itself as a disruptive social trading platform, the company has seen some strong growth over the last year, and now claims to be the world’s largest online investment network, with more than 2 million users across 140 countries, with traded positions on the network growing by more than 500 percent in the period. While there are a fair number of companies out there that cater to the armchair investor — letting individuals play the stock market without having to invest vast sums or deal with brokers — the unique thing about eToro (electronic bull, geddit?) There is a lot of growth left to do for eToro.
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