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HONG KONG,UNITED STATES : Investlab Secures $10 Million Series A Financing
Publish Date : 12-Mar-2012
InvestLab, a financial technology company dedicated to providing the first open trading platform, today announced that it raised $10 million Series A round of financing led by VantagePoint Capital Partners (VPCP) and Citi Ventures, a unit of global financial services company Citigroup.
Melissa Guzy, VPCP\'s Managing Director and Head of Emerging Markets Asia, joins InvestLab\'s board of directors alongside Mark Munoz and Nate Emerson.
Investlab\'s products include Tradepop.com, a social investing website that uses sentiment analysis to rank and rate stocks and MIX, a platform that helps retail brokerage firms seeking a more cost effective cross-border trading solution to grow their business.
Mark Munoz, InvestLab\'s founder and CEO said\"InvestLab has experienced tremendous growth and we\'re excited to close this round of funding. The capital helps us further grow our global community of investors on Tradepop, expand our sentiment platform and deliver our trading technology to clients. I\'m thrilled to have VantagePoint and Citi Ventures, which are among the premiere global venture firms in Asia and the US working with us on our endeavor.\"
Melissa Guzy, Managing Director and Head of Emerging Markets Asia for VPCP, said \"VantagePoint funds transformative technologies that answer obvious social and business needs. As Asian economies mature, investors across the region are increasingly seeking new investment platforms that leverage new technologies to break down the barriers to global markets. Investlab is developing solutions that respond directly to those needs, and we\'re excited to be on board.\"
Wei Hopeman, Citi Ventures\' Asia Managing Director said \"The Citi Ventures team helps to foster emerging technologies by investing in ventures that potentially can transform the financial services industry, help our clients reach their goals, and generate new value for Citi. We are supporting InvestLab because we believe it will help change the way people use technology to manage their investments.\"
