TradeHero secures $10 million in funding from KPCB China and IPV Capital

SINGAPORE: MyHero Ltd, the holding company for the mobile stock market simulation app TradeHero, has secured $10 million in funding from Kleiner Perkins Caufield Byers China fund (KPCB China) and IPV Capital. This is one of the largest Series A rounds ever for a Singapore-based consumer Internet start-up.

The funding will provide growth capital to allow MyHero Limited to expand its operations, reach and build out its existing portfolio of product offerings including TradeHero, its free mobile stock market simulation app.

The game draws on real-world stock market information and acts as an engagement platform which encourages knowledge sharing between novice and experienced traders in an unrivalled global social investment network.

TradeHero has reached the #1 position in the iOS app-store's finance category in 75 countries and the top 10 position in over 100 countries. Since its launch six months ago, TradeHero acquired 250,000 users spread over 200 countries.

TradeHero is also running a campaign with Macquarie Group in Singapore to promote warrants trading and is in discussions with other international financial institutions keen to leverage the app's wide reach and platform.