StockTwits Grabs $4 Million More In Inside Round

Mardi, 19 Octobre 2010 15:00

StockTwits Grabs $4 Million More In Inside Round

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What was once a service that simply filtered public company stock related tweets out for traders, and was named accordingly, has since moved far beyond those humble beginnings.

In 2009 they broke off from Twitter, launching their own messaging platform. They

acquired a financial news hub early this year, and then launched a private company product as well.

Yep, those days as a simple Twitter filter are long behind them.

Cofounder and CEO Howard Lindzon tells us the company had another milestone today – a $4 million venture round from existing investors Foundry Group and True Ventures. That brings the total capital raised by the company to $8.6 million.

The funds will be used to hire more engineers and develop product more speedily, says Lindzon. And more updates are coming soon.

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