eToro, An Israeli Firm, Raises 250 Million Dollars

The trading platform eToro has raised $250 million. The announcement comes after the firm failed to make it to market. In a recent report, eToro reported this financing. The $250 million infusion increases the Israeli company’s valuation to $3.5 billion. ION Groupe, SoftBank Vision Fund 2, and Velvet Sea Venture were among those that took part in the investment round.
eToro was supposed to go public last year, but it did not. The aim was to combine with a SPAC, or a firm with no operating activity, creating a new corporation valued at $10 billion. Nevertheless, crises in cryptocurrencies have followed one another since then, and cryptocurrency values have plunged. As a result, the merger was cancelled.

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