Congrats to BUX, one of our first investments!
More VC being thrown at casual trading startup Bux. The app, which turns stocks and derivatives trading (via CFDs) into a game-like and social experience, thus potentially broadening the market to include a greater number of people who have never traded before, has pulled in a further $6.9 million in funding. The round, led by Germany’s Holtzbrinck Ventures and following $1.9 million raised last September, will be used to accelerate growth in Europe — specifically expanding to Germany, but also in the U.K., Netherlands and Austria, where Bux is already active. Bux CEO and co-founder Nick Bortot also tells me the Amsterdam and London-based company plans to invest significantly in product development, in particular bolstering its social features that, he says, are already seeing a spike in growth and increased engagement with the app.