Foreign Exchange Trader Social Network Currensee Raises $4 Million

Posted Apr 14, 2011

Foreign exchange trader social network Currensee has raised $4 million in a third round of funding. Currensee plans on using the funding to develop additional management tools and to make investing easier for users. Currensee encourages traders to share and collaborate on daily trades while staying informed through RSS feeds and IM. There is a trader leader board that ranks investors based on their performance.

Currensee hit 1 million trades and 5,000 users in about 6 months about a year ago. Since then the company hit 3 million trades. They have about 8,000 total users as of right now. Currensee was founded in 2008 and previously raised an $8.8 million second round of funding from North Bridge Venture Partners, Egan-Managed Capital, and Vernon & Park Capital. These three venture capital firms also participated in this round.