Dror Efrat Sells Investing.com to Asian Fund
The deal could be worth as much as $500 million.
Israel’s Investing.com has been sold. According to Israeli business daily Globes, the website’s owner Dror Efrat has sold out to an unspecified Asian fund. The purchase price was not disclosed. But Globes cited insiders who revealed that the East Asian fund paid as much as $500 million for the website.
Founded in 2007 by Dror Efrat and three other people, Investing.com is a financial markets platform providing real-time data, quotes, charts, financial tools, breaking news and analysis across 250 exchanges around the world in 44 international editions. With more than 37 million monthly users, and over 280 million sessions, Investing.com is one of the top three global financial websites according to both SimilarWeb and Alexa.
The Investing.com domain was acquired in 2012 for just $2.45 million. Dror Efrat grew up on Kibbutz Urim in southern Israel. He served as the CEO of Investing.com for its first 11 years of operations, a post now held by Omer Shvili. Efrat served in an elite commando unit in the IDF. So this is yet another Startup Nation success story based around an Israeli combat veteran.
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*USER REPORTS INDICATE ROBINHOOD IS HAVING PROBLEMS – DOWNDETECTOR pic.twitter.com/kbXCEUikRH
— Investing.com (@Investingcom) April 23, 2021
Investing.com covers more that 300,000 financial instruments, offering unlimited access to “cutting-edge financial market tools such as customized portfolios, personal alerts, calendars, calculators, and financial insights, completely free of charge.” In addition to the global Stock Markets, Investing.com also covers Commodities, Cryptocurrencies, World Indices, Bonds, Funds, ETF’s and World Currencies. Investing.com states that it strives to be a one-stop-shop with apps available on iOS and Android, which has been the highest rated financial markets app on Google Play for five consecutive years. The company says that it has established itself as a trustworthy publisher, allowing hundreds of loyal advertisers the opportunity for global and local exposure, on all available platforms.
This publication has even been known to cite Investing.com for its explanations and definitions of a multitude of investment terms and devices.
Read more about: Dror Efrat, Investing.com
