CityFALCON Raises US$2 Million From Holt Xchange, eToro and TBHby Fintechnews Switzerland June 24, 2022
CityFALCON, which transforms unstructured financial content into structured data, has closed its equity fundraising campaign on private investment platform Seedrs after having secured £1.65 million (US$2 million).
As a part of this fundraise, The Holt Xchange, a global early-stage VC firm and platform in Canada, and Terance Butler Holdings (TBH), a property investment company in the UK, have both taken stakes in the company.
Moreover, eToro, a social trading and multi-asset investment company with over 27 million registered users globally, also took a small position in the company.
eToro is one of its client and powers its news tab with CityFALCON’s content, providing users with a quality contextual newsfeed to inform investment decisions and increase engagement.
According to CityFALCON, serial entrepreneurs that were not named had also taken part in the round. One of its angel investors had reportedly sold his last company for £500 million.
Overall, 1200 investors participated in this fundraising round which witnessed new and existing investors.
CityFALCON added that the funds will be used to scale up its business and roll out new products.
Elisabeth Laett, Managing Partner at Holt Xchange said,
“The democratisation of financial information is the result of a global demand to access better education and deeper financial insights for a broader audience.
We have been impressed with the team’s mission at CityFALCON and pleased to further support them in this seed round”.
Ruzbeh Bacha, CEO at CityFALCON commented,
“We are grateful and very excited about this round, especially during these volatile and uncertain times.
Our users, clients, and investors on Seedrs have been amazingly supportive”.
Featured image credit: Edited from Unsplash