Only seven months after raising $800,000 in a first round, StockTwits — which lets investors track conversations about stocks on Twitter — has brought in another $3 million in funding. The round was led by Foundry Group; existing investor True Ventures also participated. Since May, when it announced its first round, StockTwits has announced several major initiatives including an ad partnership with the Nasdaq stock market and a desktop app.
Co-founder Howard Lindzon says in a blog post that with the new funding the startup will be able “to execute on our strategy decisively” — and goes on to say that the company is planning additional filtering features, new original programming on its StockTwits TV video site, and new mobile apps.
The company first raised funding a year ago, when it raised a seed round.