Provider of HTML5 charting and data visualization tools ChartIQ today announces that it has secured $4 million in a Series A investment, led by venture capital firm Illuminate Financial, with participation from existing investors ValueStream, Tribeca Angels and other angel investors.
ChartIQ, which is headquartered in Charlottesville, is beefing up its existing sales, marketing, and engineering teams in Virginia and New York, along with a new office in London. The company will use the funds raised for its global expansion.
Dan Schleifer, CEO of ChartIQ, comments,
“Over the past four years, ChartIQ has become the global leader in HTML5 financial charting. Adoption of HTML5 technology in the Financial Services industry is exploding, and we will use this new capital infusion to meet the growing global demand for our products. It was critical that we found a venture partner that shared our vision for the future of capital markets technology. Illuminate’s focus on Fintech and deep experience in capital markets is the perfect fit.”
Across the globe, more than 100 institutional and retail financial companies license ChartIQ’s technology.
Mark Whitcroft, Partner at IFM and now a member of ChartIQ’s board, says,
“Illuminate Financial Management is delighted to be leading ChartIQ’s Series A funding round. Trading in financial markets demands the highest standard of real-time visualization and trading technology. ChartIQ has demonstrated that it is the go-to specialist in HTML5 financial charting across both desktop and mobile”.
Josh Elwell of ValueStream, a New York-based venture capital firm focused on Financial Services, who also sits on ChartIQ’s board, adds,
“ChartIQ has a world-class team and product. We are excited to continue our support”.
For the official announcement from ChartIQ and Illuminate Financial, click here.