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Thursday, January 5, 2012

STOCK ANALYSIS PROVIDER YCHARTS ACQUIRES $3.25 MILLION

➤ YCharts (www.ycharts.com), a company that professes to let “investors be their own stock analysts” by providing free tools, Web-based charts, and objective data based on more than 10 years of history for more than 5,000 stocks, has raised $3.25 million in Series B financing. To date, the company has raised $4.75 million in funding and cites more than 400,000 investors in its community base. Beyond offering free tools, YCharts offers a Pro version that provides 30 years of history, advanced calculations, exclusive pro stock ratings, and other features. Reportedly, the recent funding will go toward expanding the company’s team, increasing marketing, and scale infrastructure.

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