New Jersey-based online FX trading firm Gain Capital has secured $10 Million in a series c round of funding from Tudor Ventures, the venture capital and private equity arm of Tudor Investment Corp.
Mark Galant, CEO and founder, Gain Capital, says the firm is already profitable with a steadily growing balance sheet.
"Management's primary objective for additional investment was not as a financing tool but rather to affirm our accomplishments to date, jumpstart our international expansion plans and provide liquidity to existing shareholders," says Galant.
Other Gain investors include private equity firms Edison Ventures, Cross Atlantic Capital Partners and Blue Rock Capital, as well as all Gain Capital employees.