Stock trading platform MarketWolf has raised $10 million in its latest funding round led by Jungle Ventures and Dream Capital. Existing investors and others, including 9Unicorns, Iseed, Crescent and Riverwalk, also participated in the round. The company has so far raised $17.4 million, it said.
MarketWolf plans to use the capital to build out its product suite and to hire top talent across product, marketing and engineering functions. The company is also planning to hire talent in tech and product development. Founded in 2017 by Vishesh Dhingra and Thomas Joseph, MarketWolf targets first-time investors to make the trading experience easy and jargon-free.
The number of trading accounts and retail active clients have grown 10X compared to the same period last year, despite the volatility seen in public capital markets this year, it said in a statement.