Social trading co eToro expands investment round to $39 million

CommerzVentures, the venture capital arm of Commerzbank, has joined the round.

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Four-five months after Israeli company eToro, which has developed a financial social network, announced a $27 million investment round, today the company announced that the round is being expanded to $39 million. The round has been joined by CommerzVentures GmbH, the Corporate Venture Capital subsidiary of Commerzbank launched approximately six months ago, which is making first investment in a fintech company. It joins the venture arms of Sberbank and Ping An as a follower investor in eToro’s Series D financing….

 

Published by Globes [online], Israel business news – www.globes-online.com

 
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