A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – INVESTMENT TECH
- Futu5, a Hong Kong-based online trading services platform for investments in securities, raises $146M in Series C round from Tencent, Sequoia Capital, and Matrix Partners China. Link
- Addepar, a portfolio tracker for investors and advisors, raises $140M in Series D round from Valor Equity Partners, 8VC, and QuantRes. Link
- Cadre, a real estate investment platform, raises $65M in Series C round from Andreessen Horowitz, Ford Foundation, General Catalyst Partners, Goldman Sachs, Khosla Ventures, Thrive Capital, and Jim Breyer. Link
- Broadway Technology, a provider of high-performance financial trading solutions, raises $42M in PE round led by Long Ridge Equity Partners. Link
- Additiv, a Zurich-based digital solution provider for FIs and banks, raises $21.3M in Series B round from BZ Bank, and Patinex. Link
- Euronext, a European stock exchange, acquires 90% stake in FastMatch, an electronic communication network for foreign exchange trading providers, for $153M. Link
- SEI, a wealth management solutions for institutional investors, acquires Archway, a provider of portfolio management solution, for an undisclosed amount. Link
- Addepar, a portfolio tracker for investors and advisors, acquires AltX, a data analytics and monitoring platform for hedge fund investments, for an undisclosed amount. Link
SOME INTERESTING STARTUPS FOUND
Yedup (Seed, Belfast, 2016) – Yedup offers a social media analytics based platform which analyses social media posts, extracting investor and consumer views about financial services, companies, and industries.
AlgoHybrid (null, Singapore, 2017) – AlgoHybrid is a technology provider as well as an advanced hedge fund that develops neural technologies to recognize patterns in trading conditions, recognize which trading strategies are most profitable in these conditions and self-learn from past experience.
LEADER BOARD – INVESTMENT TECH
Securities Trading – Trading Platforms
Futu5 (2010, HongKong, $215.5M) – Online stock trading platform. Backed by Sequoia Capital, Matrix Partners, and Tencent.
Robinhood (2012, Palo Alto, $176M) – Zero commission stock trading app. Backed by Andreessen Horowitz, NEA, Index Ventures, Thrive Capital, GV, DST Global, Rothenberg Ventures, Ribbit Capital, Greenoaks, Machine Shop, Susa Ventures, Slow Ventures, Draper Associates, QueensBridge Ventu
Oanda (1995, SF, $117M) – Internet-based forex trading and currency information services. Backed by Index Ventures, Next Generation Finance Invest, Cascade Investment Group, Legg Mason Group, New Enterprise Associates, Armada Investment and T. Rowe Price Associates.
Securities Trading – Thematic Investing
Motif Investing (2010, San Mateo, $126M) – Online flat-fee brokerage offering theme-based investing. Backed by Renren, JPMorgan Chase, Foundation Capital, Norwest Venture Partners, Goldman Sachs, Ignition Partners and Balderton Capital.
Spaceship (2016, Sydney, $19.5M) – Tech-based Super Fund. Backed by Sequoia Capital, NEA, Horizons Ventures and Peter Thiel
Securities Trading – Social Trading
eToro (2007, Tel Aviv, $73M) – Social trading and investment marketplace. Backed by Spark Capital, Silicon Valley Bank, Social Leverage, SBT Venture Capital, Venture 51, BRM Capital, Anthemis Group, iAngels, Social Leverage, Ping An Ventures, and Commerz Ventures.
Ayondo (2008, London, $19.8M) – Social trading platform. Backed by Next Generation Finance Invest, German Startups Group, SevenVentures, Luminor Capital.
Mid and Back Office Solutions – Practice Management
InvestCloud (2010, Beverly Hills, $78.7M) – Cloud-based investment management solutions provider. Backed by Altos Ventures, Kern Whelan Capital, FTV Capital, Polaris Capital.
Advisor Engine (2014, New York, $29.3M) – Wealth management platform for financial advisors. Backed by WisdomTree.
Mid and Back Office Solutions – Portfolio Management
Addepar (2009, Mountain View, $205.8M) – Portfolio tracker for investors and advisors. Backed by Thrive Capital, ff Venture Capital, Western Technology Investment, Blumberg Capital, Formation 8, SGVC, Signature Capital, Accelerate IT Advisors, Burch Creative Capital, Exit13, Valor Equity Partners, Pejman Mar Ventures, Accelerate-IT Ventures, Zarco Investment Group, Streamlined Ventures, ASBC, Cota Capital, 8VC, Sway Ventures, and Peter Thiel.
PerTrac (1996, New York, $63M) – Portfolio Analytics and reporting software. Backed by Insight Venture Partners. Acquired by eVestment in Nov 2012.
Mid and Back Office Solutions – Trade Management
Celoxica (1996, London, $67.8M) – Trading and market data analytics solutions provider. Backed by Credit Suisse, Goldman Sachs, Intel Capital, Advent Venture Partners, Beringea, Invesco, Herald Investment Management, Albion Ventures, Oxford Capital, Xilinx, Legal & General, Quest Capital, HU Investments, Cazenove, Spark Venture Management.
Vela Trading Technologies (2007, NYC, $53M) – High-frequency trading technology and market data provider. Backed by Insight Venture Partners.
Mid and Back Office Solutions – Risk and Compliance
MetricStream (1999, Palo Alto, $150M) – Business governance and compliance software provider. Backed by Goldman Sachs, KPCB, Integral Capital Partners, Gold Hill Capital, Sageview Capital, Saints Capital, Kaiser Permanente Ventures, Blade Ventures, Montage Capital and The Camelot Group.
OpenGamma (2009, London, $40.3M) – SaaS-based solutions for derivatives risk analytics. Backed by Accel Partners, FirstMark Capital, Euclid Opportunities, ICAP, Japan Exchange Group, Illuminate Financial.
Private Market Investing – Investment Platforms
Cadre (2014, NYC, $133.3M) – Real estate investment platform. Backed by Andreessen Horowitz, Founders Fund, General Catalyst Partners, Khosla Ventures, Ford Foundation, S L Realty, Goldman Sachs and Thrive Capital.
OurCrowd (2012, Jerusalem, $112.5M) – Equity crowdfunding platform for Israeli startups. Backed by United Overseas Bank.
Fantex (2012, SF, $110M) – Platform to buy and sell investments tied to the cash flows of professional athletes. Backed by Benchmark Capital and Kita Capital.
Financial Data & Research – Securities & Trading Data
Bloomberg (1981, NYC) – Privately held financial software, data and media company. Offers a terminal to its clients to perform various analytical queries.
FactSet (1978, Norwalk, Public) – Financial information and analytical applications provider to global buy-side and sell-side professionals. Aggregates content from various third-party content providers. Went public in 2014.
Thomson Reuters (1851, NYC, Public) – A multinational media, information (financial, legal etc.) and analytical solutions provider. Went Public in 2008.
Financial Data & Research – Research Platforms
Dataminr (2009, NYC, $175.4M) – Financial research platform, employing AI to analyze social media. Backed by Fidelity Investments, WorldQuant, Credit Suisse, Goldman Sachs, Institutional Venture Partners, Venrock, GSV Capital, Glynn Capital, Expansion Venture Capital, Deep Fork Capital, Adorable Foxie, Conversion Capital, Wellington Management, Wharton Equity, BoxGroup.
Kensho (2010, Cambridge, $108M) – An AI-based news analysis and market research platform which combines cloud computing with graphical user interfaces and natural language querying capabilities. Backed by Accel Partners, NEA, Goldman Sachs, General Catalyst Partners, Google Ventures, Promus Ventures, In-Q-Tel, Breyer Capital, Work-Bench, Xfund, Social Leverage, F-Prime Capital Partners.
Financial Data & Research – Private Companies Data
CrunchBase (2007, San Francisco, $20M) – Startups database service. Backed by Salesforce, SV Angel, Mayfield, Emergence Capital, Felicis Ventures, Cowboy Ventures, Austin Ventures, 8VC
Pitchbook (2008, Seattle, $14M) – M&A, private equity and venture capital transactions database. Acquired by Morningstar for $225M in Dec, 2016.
CB Insights (2009, NYC, $10M) – Data-as-a-service firm offering market intelligence on private companies. Backed by National Science Foundation, Rosemont Seneca Partners, FinTech Innovation Lab.
Tracxn (2013, Bangalore, $3.7M) – Market intelligence platform for Private Market Investing. Backed by Accel Partners, SAIF Partners, Beenext, Venture Highway and various Angel Investors.
Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
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