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eToro Expands Long-Term Savings Offer with Acquisition of Spaceship and LinkedIn Top Startups 2024

The Social Leverage Letter | Issue #156

Author

Ethan Berk
September 29, 2024

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READING

LinkedIn unveils their annual list of Top Startups, revealing the 50 emerging U.S. companies you should know now. These companies aren’t just growing fast and garnering attention from investors and jobseekers — they’re also shaping the future of their industries, whether it’s leveraging generative AI to automate legal tasks or establishing modern maternity clinics. Among the list is portfolio company Beehiiv (Fund IV)

LinkedIn Top Startups 2024: The 50 U.S. companies on the rise

See here the 2024 LinkedIn Top Startups list, a data-backed ranking of the 50 emerging companies you should be paying attention to right now in the U.S.

eToro has agreed to acquire Australian investing app Spaceship for up to $80 million AUD, strengthening its presence in Australia and expanding its global long-term savings offerings. The deal aligns both companies' missions to make investing more accessible, with Spaceship's 200,000 clients gaining access to eToro's products, while eToro expands into superannuation and managed funds.

eToro Expands Long-Term Savings Offer with Acquisition of Spaceship in Deal Worth Up to $80 Million AUD

eToro, the trading and investing platform, has entered into an agreement to acquire the Australian investing app Spaceship in a deal worth up to $80 million AUD. The acquisition will strengthen eToro’s footprint in a key market for the business, while also broadening its product offering as the company expands its long-term savings proposition globally. Since launching in 2017, Spaceship has acquired more than 200,000 clients and surpassed $1.5 billion AUD in funds under management.

LISTENING

Power Moves: Eren Aksu with Mishal Thadani

Episode 46 of Venture Everywhere is hosted by Mishal Thadani, co-founder and CEO of Rhizome, a company offering advanced climate risk mitigation for communities and businesses against extreme weather events. He chats with Eren Aksu, CEO and co-founder of ThreeV, an insights automation platform for asset-intensive industries, starting with power and utilities and expanding into oil, gas, and public infrastructure.

WATCHING

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