March 23, 2018

ELITE Club Deal supports eToro in raising $100 million

  • Social trading and investment platform eToro secures funding from Chinese, Japanese and Korean investors
  • First completed equity transaction supported by private placement platform ELITE Club Deal
  • Demonstrates ELITE’s ability to support fast growing businesses access a range of global funding options

ELITE Club Deal, London Stock Exchange Group’s private placement platform for ELITE companies and professional investors, today announces the completion of its first equity transaction. Supported by ELITE Club Deal, with Rothschild acting as the exclusive financial adviser, social trading and investment platform, eToro, secured $100 million of additional investment. The investment was led by China Minsheng Financial and participated in by SBI Group, Korea Investment Partners, World Wide Investment Company Limited and other investors. The funding will support eToro’s expansion into new markets, as well as its continued research into and development of blockchain technology and the digitisation of assets.

eToro joined ELITE, the Group’s business support and capital raising programme, in 2015. ELITE’s growing international community now includes close to 800 companies from across 34 countries and more than 30 sectors. They are generating over €59 billion in combined revenues and account for over 250,000 jobs across Europe and internationally.

ELITE Club Deal helps to bridge a funding gap and streamline the capital raising process for companies, bringing them together with investors and corporate advisers.

Luca Peyrano, CEO, ELITE:
“We congratulate eToro on their successful global capital raise, securing $100 million of new financing from international investors. Together with its financial adviser, Rothschild, eToro has completed the first equity transaction supported by ELITE Club Deal. This reinforces ELITE’s ability to streamline the capital raising process and connect the fastest growing companies to international growth capital. Today, ELITE is a cross-border success story, unlocking funding, jobs and growth for close to 800 companies, benefitting them and the countries in which they operate.”

Yoni Assia, CEO, eToro:
“We are immensely proud to be the first company to complete an equity transaction with  the support of ELITE Club Deal. ELITE Club Deal has allowed us to access high quality international investor capital in a streamlined and efficient environment. More broadly, through the ELITE programme, we have connected with a new and dynamic community of like-minded entrepreneurs, business schools, advisers and investors, helping us to keep on growing and compete on the world stage.”

About LSEG

LSEG (London Stock Exchange Group) is a leading global financial markets infrastructure and data provider, playing a vital social and economic role in the world’s financial system.

With our open approach, trusted expertise and global scale, we enable the sustainable growth and stability of our customers and their communities. We are dedicated partners with extensive experience, deep knowledge and a worldwide presence in data and analytics; indices; capital formation; and trade execution, clearing and risk management across multiple asset classes. 

LSEG is headquartered in the United Kingdom, with significant operations in 70 countries across EMEA, North America, Latin America and Asia Pacific. We employ 23,000 people globally, more than half located in Asia Pacific. LSEG’s ticker symbol is LSEG.