Israeli Social Trading Platform eToro Raises $100M

March 21, 2018 | Israeli social trading company eToro announced Wednesday it has raised $100 million in a Series E funding round led by China Minsheng Financial and with participation from Korea Investment Partners, SBI Group, and World Wide Invest. The money will be used for R&D of the company’s blockchain technology, as well as expanding to new markets. Globes reports that a source close to the deal said that the company had a valuation of $800 million when the deal was raised. The company has raised $162 million in total so far. Founded in 2006, eToro has a website that allows social trading and investments in a variety of financial assets including cryptocurrencies, currencies, indices, ETFs, and commodities. The company has over 9 million registered users.