CommerzVentures invested $12m in the social trading platform's series D round, previously backed by Ping An and Sberbank, which now stands at $39m.
CommerzVentures, the corporate venturing arm of financial services provider Commerzbank, invested $12m in Cyprus-based social trading platform developer Etoro yesterday, boosting its series D round to $39m.
Etoro raised the $27m first tranche in December 2014 from investors including Ping An Ventures, the corporate venturing unit of insurance company Ping An, SBT Venture Capital, the investment vehicle of financial services firm Sberbank, and venture capital firms Spark Capital and BRM Group.
The original tranche included a $10m credit line from…
