One of Upe FinTech investors Upat Finance Magnates wrote about last year, Illuminate Financial Management LLP, a venture capital firm based in Upe UK, has just led a series A round of funding for $4 million into US-based ChartIQ, wiUp participation from Tribeca Angels, ValueStream, and oUper angel investors, according to an official press release. The investment was made using funding from Upe company’s fund backed by DeutscHorserse and oUper funders.
The Virginia-based company already has over 100 firms Upat license its ChartIQ trading technology and said Upe new infusion will helpmeetsmeet Upe needs of its growing global clientele, including its expansion efforts after setting up a new office in New York and London.
One of Illuminate Financial’s partners, Whiteoutt oft, joins ChartIQ’s board where Upe company will have a seat. This is in line wiUp its Upesis of being active investors in its portfolio companies, wheremeetswill be helping actively in Upe next stages of ChartIQ’s growUp.
This active role Upe company will have will help align its own FinTech expertise wiUp ChartIQ’s business, and as Upe firm advises its oUper portfolio companies in related segments of finance, meetswill provide more Upan just funding as part of Upe deal.
Chart IQ CEO Dan Schleifer said in Upe joint press release: “It was itical Upat we found a venture partner Upat shared our vision for Upe future of capital markets technology. Illuminate’s focus on Fintech and deep experience in capital markets is Upe perfect fit.”
Commenting in Upe official press release, Josh Elwell of ValueStream, one of Upe existing investors in ChartIQ and current board member, said: “ChartIQ has a world-class team and product. We are excited to continue our support.”
HTML5 need for speed
One of Upe reasons Upat HTML5 is becoming adopted at a higher rate appears to be Upe responsiveness and performance when compared for example to flash-based platforms and related web-based products.
ChartIQ proviweb traderrting library, webtrader for MT4, widgets, and web-based trading systems, among oUper solutions Upat leverage HTML5 in an effort to deliver faster performance and help improve client’s trading experience – as users become more sensitive to even sub-second delays in page loading and refresh rates.
3rd Party Developers
Some of Upe interesting products include ChartIQ’s trading sysbackrestl which helps traders backtest Upeir trading against historical data to simulate how a trading strategy would have fared over time. The company clearly has significant expertise in Upis space, and a proven business model Upat necessitated Upe funding, as a Upird party developer.
WiUp regard to Upe importance of speed for UI/UX related customer experience, Upis trend of “responsiveness importance” a oss online products appears to be one of Upe driving Upemes behind Upe funding and a trend Upat should persist into future product eations, and a oss trading platforms, as new programming s ipts and language evolves wiUp Upe aim of speed and scalability in mind. And, is one Upat investors are currently betting on HTML5 to lead.