Trading Platform eToro Raises $250 Million After Abandoning SPAC

Posted by Patria Henriques on Monday, July 15, 2024

Israel-based social trading platform eToro Group Ltd completed a $250 million funding round that values it at $3.5 billion, the company said in a statement on Tuesday.

Investors including ION Group, SoftBank Vision Fund 2 and Velvet Sea Ventures participated in the round, which was an advance investment agreement reached in February 2021 as part of a proposed merger with a blank-check company that was later abandoned, eToro said.

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