New York, US-headquartered social media platform for retail investors and day traders, Stocktwits, has raised $30 million in a Series B round led by Alameda Research Ventures. The global investment and venture arm of the Times of India Group, Times Bridge, also participated in the round as a strategic investor to help the company expand its services to India.
Apart from global expansion, Stocktwits is looking to utilise the capital to expand the coverage of asset classes on its platform and grow its business model beyond advertising-based revenues. The company aims to partner with different trading platforms and investment platforms down the line to add new revenue streams.
