Swiss fintech investor Andromeda places €3.5M into AgenaTrader and TradersYard

Galaxy Ventures GmbH, headquartered in Vienna and the holding firm behind buying and selling platform supplier AgenaTrader and open social buying and selling community TradersYard, has introduced that it has secured a €3.5 million funding from Swiss-based personal fairness agency Andromeda Capital Companions Suisse AG.

Galaxy was based by Ingmar Mattus, who can also be the co-founder of the globally working buying and selling fintech Tickmill and moreover a significant shareholder within the Amsterdam-based funding app Change Group. The corporate mentioned that this funding marks a big milestone for each AgenaTrader and TradersYard, as they embark on a transformative journey to redefine the buying and selling panorama by cutting-edge buying and selling platforms and a collaborative social buying and selling community.

With a historical past of over 10 years available on the market, AgenaTrader is in the meantime acknowledged as a Bloomberg licensed integration associate that delivers highly effective buying and selling and market-scanning instruments to a worldwide consumer base. Notably, AgenaTrader has been nominated for the esteemed WealthTech100 record of 2023, additional solidifying its place as a number one know-how supplier available in the market. AgenaTrader’s current know-how partnerships embrace Interactive Brokers, Bloomberg, StoneX, XTB, FXCM, CQG and Rithmic in addition to a connection-technology to MetaTrader 5, amongst others.

Within the coming months, the record of linked banks, brokers, and know-how corporations shall be expanded even additional primarily based on soon-to-be-announced aggressive charge constructions and product enhancements.

“As a buying and selling platform that helps all asset courses and affords entry to greater than 350 thousand buying and selling devices, we’re open to working with any financial institution, dealer, or hedge fund in offering the best-of-its-kind buying and selling know-how and market entry,” mentioned Gilbert Kreuzthaler (pictured at prime center), the founding father of AgenaTrader.

Presently, work is underway on model 3 of AgenaTrader, which shall be a really engaging platform for merchants by way of each performance and design, and can set new requirements sooner or later alongside a cellular buying and selling app and an online dealer. The product providing shall be simplified, and platform charges shall be considerably decreased, together with the introduction of a free model of the platform, to develop into one of the widespread platforms worldwide.

Moreover, TradersYard, an rising social community designed for merchants and buyers, is thrilled to announce main developments for the buying and selling group later this 12 months. These developments promise to reshape the business and drive unprecedented development, solidifying the group’s place as a trailblazer within the monetary know-how sector.

“TradersYard is a broker-agnostic, revolutionary, open social buying and selling community the place merchants can simply discover others who share comparable concepts and processes, with an unrestricted capability to collaborate in real-time, share information, and evaluation. The capital injection from Andromeda will assist us develop our product providing and advertising and marketing initiatives,” mentioned Manuel Sonnleithner (prime left), co-founder of TradersYard.

“We’re really enthusiastic about this strategic funding into AgenaTrader and TradersYard, which grants us a controlling stake in the entire group. The transaction aligns completely with our technique of buying and scaling revolutionary fintech firms within the capital markets house, making a portfolio of profitable firms that collaborate and synergize as one ecosystem,” mentioned Ingmar Mattus (prime proper), founding father of Andromeda Capital Companions.

According to formidable growth plans, AgenaTrader and TradersYard will develop their engineering, advertising and marketing, gross sales, and enterprise growth groups. The brand new hires will play a pivotal function in shaping the way forward for AgenaTrader and TradersYard, in addition to driving the corporate’s mission to ship revolutionary monetary know-how options to a worldwide viewers.

About Andromeda Capital Companions Suisse AG

Andromeda Capital Companions is a Swiss-based visionary personal fairness agency dedicated to fostering disruptive improvements within the monetary know-how panorama. With a ardour for supporting forward-thinking entrepreneurs, the corporate strategically invests in transformative initiatives and cutting-edge applied sciences which have the potential to reshape industries and revolutionize the best way shoppers and corporations interact with finance. Over the subsequent 5 years, the corporate plans to amass and scale up a variety of revolutionary small to medium-sized engineering-led fintech firms, all with confirmed capital markets merchandise. The corporate works in partnership with the founders of those fintechs, scaling them into world organizations. The corporate’s investments goal an in depth vary of merchandise, together with buying and selling platforms, liquidity administration, AI and machine studying functions, in addition to algorithmic buying and selling.

About Galaxy Ventures GmbH

Galaxy Ventures is an Austrian-based group of fintech corporations with the imaginative and prescient of empowering merchants with cutting-edge applied sciences and fostering a collaborative buying and selling group throughout the globe. The corporate has two principal companies – AgenaTrader and TradersYard.

AgenaTrader develops platforms for buying and selling in monetary devices, together with foreign exchange, shares, CFDs, futures, choices, and different asset courses. The platform is utilized by merchants globally by integrations with Interactive Brokers, Bloomberg, StoneX, XTB, FXCM, CQG, Rithmic, and different brokers and know-how suppliers. TradersYard is a broker-agnostic, revolutionary, open social buying and selling community the place merchants can simply discover others who share comparable concepts and processes, with an unrestricted capability to collaborate in real-time, share information, and evaluation.