GAIN announces investment from Tudor Ventures

First Published: e-Forex Magazine 12 / News / October, 2003

GAIN Capital, has announced the completion of its most recent investment round, totaling $10 million by Tudor Ventures, the venture capital and private equity arm of Tudor Investment Corp., an internationally recognized investment management firm. Tudor Ventures focuses on providing capital to mid- and late -stage technology and growth companies. Tudor Ventures cited a growing, high margin revenue stream, strong management team, capital efficient business model, strong competitive position and the ability to attract new participants to the Forex market, as support of the GAIN investment.Mark GalantGAINMark Galant, CEO and founder of GAIN Capital stated, “GAIN is already firmly profitable, with a steadily growing balance sheet. Management’s goal for additional investment,” continued Galant, “was not as a financing tool but to affirm our accomplishments to date.” The Tudor investment represents a significant increase in valuation over GAIN’s B round in June 2001.The funds...continued

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