Series B funding for OANDA

OANDA Corporation, an online foreign exchange platform and provider of currency, has received $100 million (£50 million) from a Series B round of venture capital funding.


OANDA Corporation, an online foreign exchange platform and provider of currency, has received $100 million (£50 million) from a Series B round of venture capital funding.

OANDA Corporation, an online foreign exchange platform and provider of currency, has received $100 million (£50 million) from a Series B round of venture capital funding.

The consortium is led by New Enterprise Associates (NEA) and includes Legg Mason, Cascade Investment and T Rowe Price. They join existing investor Index Ventures, which led the company’s $17 million Series A investment in September 2005.

Krishna Kolluri, a general partner at NEA who will join the OANDA board of directors, claims that ‘OANDA’s trading platform is technologically the most sophisticated in the industry and was a big reason for our investment’.

OANDA has offices in the US and Canada.

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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