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eToro

#28 on Setter30 Most recent: Q1 2021
Bnei Brak, Israel Financial Services Public

eToro is a multi-asset retail brokerage and social trading platform enabling users to trade stocks, cryptocurrencies, commodities, and other assets with copy-trading functionality. Founded in 2007 and headquartered in Bnei Brak, Israel, the company went public on NASDAQ in May 2025.

Public Company

eToro is publicly traded

IPO'd on May 14, 2025

ETOR NASDAQ

This company is no longer available on our private secondary market. Shares can be traded publicly under ETOR.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2007

Employees

1,001–5,000

Total Funding

$997M

9 rounds

Last Private Valuation

$3.5B

Mar 21, 2023

Secondary Signals (Note: SetterVC does not verify the accuracy of these)

2 signals
M&A Recent up to $231M (cash + up to 2.5M newly issued Class A shares) 2026-08-11

Agreed to acquire TradeZero, a US active-trading broker-dealer, for up to $231M cash+shares to accelerate US expansion.

Equity-funded US expansion signals confidence in ETOR stock as acquisition currency.

Restructuring Recent 2026-01-13

Laid off ~7% of workforce (just over 100 of ~1,501 positions) less than a year after Nasdaq IPO

Cost discipline; modest negative sentiment for post-IPO holders

Funding

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Total raised $997M across 9 rounds

Last updated 10-06-2026

DateRoundAmount RaisedValuationLead Investors
May 14, 2025 IPO $620M $4.3B Underwriters: Goldman Sachs, Jefferies, UBS, Citigroup
Mar 21, 2023 Series F TechCrunch $250M $3.5B Velvet Sea Ventures, ION Group
Mar 21, 2018 Series E $100M $0.8B China Minsheng Financial Holding

Valuation Trajectory

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

$1B $2B $5B IPO 2020 2022 2024 eToro

Entry · Series E

$800M

Mar 2018

eToro today

$4.3B

May 2025 · latest mark

eToro multiple

5.4x

valuation uplift since first round

Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.

Leadership

  • Yoni Assia

    Founder & Chief Executive Officer

    LinkedIn
  • Ronen Assia

    Co-Founder

  • David Ring

    Co-Founder

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • Robinhood

    Zero-commission stock and options trading platform.

  • Plus500

    Online multi-asset brokerage and leveraged trading platform.

  • Public.com

    Commission-free stock and ETF trading platform.

  • Coinbase

    Cryptocurrency exchange and trading platform with crypto overlap.

  • Saxo Bank

    European multi-asset trading and investment platform.

  • Trading 212

    Commission-free stock and crypto trading platform.

eToro Investment FAQ

eToro FAQ

Yes, eToro is publicly traded under the ticker symbol ETOR on the NASDAQ. The company went public in May 14, 2025.

eToro trades under the ticker symbol ETOR on the NASDAQ. It began trading in May 14, 2025.

eToro (ETOR on the NASDAQ) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker ETOR to place an order.

eToro went public in May 14, 2025 via ipo, with an offering valuation of approximately $3.5B. eToro has traded on Nasdaq under the ticker ETOR since 14 May 2025, following an underwritten IPO that priced at $52.00 per share — above its $46-50 range — for gross proceeds of about $620 million and an IPO-price valuation near $4.3 billion; the shares closed their first day roughly 29% higher. Goldman Sachs and Jefferies led the offering. The listing came after a merger with FinTech Acquisition Corp. V, announced in March 2021 at a $10.4 billion valuation and cut to $8.8 billion in January 2022, was terminated in July 2022, and after a $250 million private round at a $3.5 billion valuation in March 2023.

eToro raised $997M across 9 disclosed funding rounds prior to its public listing.

eToro was co-founded by Yoni Assia, Ronen Assia, and David Ring in 2007.

eToro is headquartered in Bnei Brak, Israel.

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