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eToro secures $250M at a $3.5B valuation after scrapping SPAC, seeing slower growth

Summary by Ground News

eToro has secured $250 million in funding at a $3.5 billion valuation. The money is not a typical equity round: it comes by way of an Advanced Investment Agreement (AIA) The company had secured the AIA in early 2021 as a kind of backstop from current backers.

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eToro secures $250M at a $3.5B valuation after scrapping SPAC, seeing slower growth

Israel-based eToro, which was set to go public at a $10.4B valuation, says it had 2.8 million funded accounts at the end of 2022.

2 years ago·United States

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Tel Aviv-based eToro raised $250M at a $3.5B valuation via a 2021 Advanced Investment Agreement, after calling off its SPAC plans in 2022 due to slowing growth

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2 years ago·California, United States

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TechCrunch broke the news in United States 2 years ago on Tuesday, March 21, 2023.

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