Forex Traders Social Network Currensee Gets Another $6 Million


Currensee, a social network for foreign exchange traders, has raised $6 million more in funding. On Currensee, users link their brokerage accounts to their profiles, so that they can share trades and foreign exchange positions. They can also track the trades and positions of “trading friends” in real-time. The funding round was led by North Bridge Venture Partners. New investor Egan-Managed Capital also participated.

With the new funding, Currensee — which only launched its social network to the public five months ago — will have now raised $12 million. The company had raised $6 million in a first round in October. (The company is saying that this second round totals $8 million, although several outlets point out that $2 million of the new round was in fact disclosed in the previous funding announcement).

New cash will be used in part to “accelerate expansion” in the U.K., Europe and Asia. It also will fund the development of a “social sentiment indicator that shows what traders are doing based on actual trades.”

Here’s the release.

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