Zero Comission Trading Site, Zecco.com Receives $25 Million Series B Investment
“We are extremely pleased with the support from our existing and new investors. This large infusion of capital will allow us to accelerate our already explosive growth, while simultaneously making significant advances in Zecco Tradingâ€™s customer service and trading functionality. With the additional funding, we anticipate our current capital is sufficient to carry us to profitability.”
-Jeroen Veth, CEO of Zecco
Morten Lund, founder and managing partner of LundKenner,Â an early investor in SkypeÂ is also an investorÂ ofÂ Zecco.com.Â Zecco’s model was questioned by some of the media because of its aggressive zero commission trading platform.Â This model is hyper-competitive against the E*Trades and Charles Schwabs of the world.
Zecco offers free trading, free blogging, free forums, and a social networking component that allows investors to interact with one another.Â The social networking arm of Zecco is at Zeccoshare.com.
Zecco raised $10 million in Series A and $25 million in Series B.Â Zecco Holdings Inc. is based in Burlingame, Calif.Â Another investor in Zecco includes Marcel Boekhoorn, a Dutch private equity investor.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry