Industry Trends | March 14, 2016

ChartIQ Raises $4M Series A Led by Illuminate Financial

Written by Cosaic Engineer

Illuminate Financial logo

ChartIQ, the leader in HTML5 financial charting for capital markets, announces that is has raised $4 million in a Series A investment, led by Illuminate Financial, with participation from existing investors ValueStream, Tribeca Angels and additional angel investors.

Banks, brokerages, financial portals, trading platforms, and research analytics providers from around the world are building applications using advanced HTML5 technology in an industry-wide migration away from legacy technologies. ChartIQ offers professional-grade financial charting and data visualization software that powers this next generation of trading tools.

“Over the past four years, ChartIQ has become the global leader in HTML5 financial charting. Adoption of HTML5 technology in the Financial Services industry is exploding, and we will use this new capital infusion to meet the growing global demand for our products,” said Dan Schleifer, CEO of ChartIQ. “It was critical that we found a venture partner that shared our vision for the future of capital markets technology. Illuminate’s focus on Fintech and deep experience in capital markets is the perfect fit.”

Globally, over 100 institutional and retail financial companies license ChartIQ’s technology.

Illuminate Financial Management is delighted to be leading ChartIQ’s Series A funding round” said Mark Whitcroft, Partner at IFM and now a member of ChartIQ’s board. “Trading in financial markets demands the highest standard of real-time visualization and trading technology. ChartIQ has demonstrated that it is the go-to specialist in HTML5 financial charting across both desktop and mobile.” he added.

“ChartIQ has a world-class team and product. We are excited to continue our support”, added Josh Elwell of ValueStream, a New York-based venture capital firm focused on Financial Services, who also sits on ChartIQ’s board.

Headquartered in Charlottesville, VA, ChartIQ is expanding its existing sales, marketing, and engineering teams in Virginia and New York, along with a new office in London.

About Illuminate Financial Management

Illuminate Financial Management LLP is a venture capital firm that crosses the chasm between capital markets fintech and the financial institutions it should serve.  The firm was founded in 2014 recognizing the growing importance of Fintech but questioning how much it was contributing to building more sustainable financial institutions.  IFM have created partnerships with core strategic investors and a growing number of Capital Markets firms to gain real insight into what the market needs.  We leverage this to find, validate and fund early stage companies and harnessing our extensive experience across banking, entrepreneurship and consultancy to help these companies achieve their full potential.

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