OANDA raises $17M

"Index Ventures, a leading venture capital firm based in Europe, today announced a solo $17 million investment in OANDA, an innovator for global currency trading. OANDA has been
profitable since it launched FXTrade, the world's first end-to-end,
fully-automated currency trading platform in 2001. OANDA offers the lowest spreads in the online Forex market and will use its venture capital funding to further extend its market position and reach."

[Press Release]

Index just sold Skype, and also has a related investment in Betfair (along with Benchmark Europe).

Welcome Oanda discussion group. Like this blog? Click on the ad on the right for us : )