Alameda Research Ventures and Times Bridge join existing investors in the social platform for investors and traders
NEW YORK--(BUSINESS WIRE)--Stocktwits, the original social platform for investors and traders across all asset classes including stocks, crypto, and other emerging investments, today announced that it has raised $30 million in Series B funding. Alameda Research Ventures led the Series B round and was joined by Times Bridge, the global investments and venture arm of The Times Group, India’s first and largest media conglomerate. They will join existing investors including True Ventures, Foundry Group, ffVC and Social Leverage.
Stocktwits was founded in 2008 as the first platform for individual investors that puts social first. Stocktwits pioneered the cashtag (e.g. $AAPL) and was the first online medium to organize conversations around those cashtags. The company has grown into a global platform with a highly engaged community that gives entry into a complex space. Stocktwits reimagines financial media, tools, and services for the next generation of investors.
“Stocktwits functions as an on-ramp into investing for individual investors, giving them context and value, but the platform also serves the needs of the experienced investor,” said Rishi Khanna, CEO of Stocktwits. “We’re excited to be aligned with two new partners. Alameda Research Ventures’ vast experience in crypto and trading will truly be an advantage as our users continue to demand insight into the asset class. Additionally, our partnership with Times Bridge and The Times Group will put us at the forefront of the growing investor landscape in India.”
With the latest round of funding secured, Stocktwits has big plans to further develop the platform and expand their product offerings for their growing user base. The Portfolio Integration offering is coming out of beta and has already connected more than $1B in assets.
"For over a decade Stocktwits has been the destination for investors and traders to discuss ideas and news. We are excited to partner with Stocktwits especially as financial assets continue to become more accessible and their retail footprint expands," said Ramnik Arora of Alameda Research.
Rishi Jaitly, CEO of Times Bridge, said, “Times Bridge’s mission is to advance India's entry, scale and leadership for the world’s best ideas in India. Stocktwits is one such idea that has, for years, offered a groundbreaking social platform for retail investors worldwide. And building on the growing dynamism of the investor landscape in India, we at Times Bridge - and across The Times Group - are looking forward to harnessing the power of our assets and know-how to support the localization, growth and impact of the Stocktwits platform across the length and breadth of India.”
Times Bridge has previously invested in and supported India launch for Airbnb, Coursera, Uber, Girl Effect, Malaria No More, Stack Overflow, Smule, among others.
Stocktwits has more than 6M registered users and reaches over 5M users on the platform monthly. In 2021 alone, the platform's users have increased 50% and the team anticipates it will continue to grow as they prioritize global expansion into international markets. Stocktwits’ expansion will further empower the next generation of investors by growing the conversation from US markets to global markets.
Stocktwits unlocks the social nature of investing for individual investors. Powered by its mission to be the global hub for conversation for all investors - from novice to veterans - Stocktwits is dedicated to providing a steady pulse on the markets and encouraging access for all.
The company is headquartered in New York and investors include Alameda Research Ventures, ffVC, Foundry Group, Social Leverage, Times Bridge, and True Ventures.
Visit www.stocktwits.com to learn more.
About Alameda Research
Alameda Research is a multi-stage crypto and fintech investment firm with a mission to take a pragmatic, real-world oriented approach to finance - making it more accessible for all. For more information, visit: www.alameda-research.com/ventures.
About Times Bridge
Times Bridge is a leading global investments firm with a mission to bring the world’s best ideas to India and share India’s best insights with the world. Its current portfolio includes Airbnb, Coursera, Uber, Girl Effect, Malaria No More, Stack Overflow, Smule, among others. By providing unmatched market leadership to select partners, Times Bridge accelerates growth and immersion across the Indian subcontinent for leaders and companies who believe in winning in and learning from India. For more information, visit https://www.timesbridge.com/ and follow @timesbridge.