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ELITE COMPANY eToro SUCCESSFULLY COMPLETED A $100M CAPITAL RAISING
eToro, the world's leading social trading and investment platform, announced a Series E fundraise of $100 million to support its expansion into new markets as well as its continued research and development of blockchain technology and the digitisation of assets.
eToro joined the ELITE programme in 2015 and completed its capital raising with the support of ELITE fundaraising platform, London Stock Exchange Group's private placement platform.
Led by China Minsheng Financial, the round of funding was participated in by SBI Group, Korea Investment Partners, World Wide Invest and other investors. Rothschild acted as the exclusive financial adviser to eToro.
The new investment brings the total capital raised by the business to $162 million and follows a period of significant growth for the business driven, in part, by demand for investments in the cryptocurrency market.
Risk Warning
Investing in private businesses involves risk, including illiquidity (the inability to sell assets quickly or without substantial loss in value), lack of dividends, loss of investment and dilution.
ELITE SIM S.p.A., Piazza degli Affari, 6, Milano 20123 is authorised and regulated by CONSOB under resolution No. 21002 dated 19 July 2019, under registered number 300 and incorporated in Italy with Company No. 10475100961
ELITE is not involved into the placing, execution and settlement activities.