InnoTree picks up $15m for Chinese investment data service

Investment data and research startup InnoTree has raised $15m in a Series B round led by Guangdong Poly Asset Management.

The Beijing-based company aims to generate insights from the equity investment data to aid professional investors.

InnoTree’s service is driven by artificial intelligence it claims can answer any investor question by drawing on a database with 600TB of data.

The company says it will use the capital injection to strengthen its database and further develop its technology.

InnoTree claims its data currently covers 200,000 projects and more than 10,00 venture and equity investors.

The funding follows the acquisition of US-based investment data service PitchBook by research firm Morningstar for $180m.

Copyright © 2016 FINTECH GLOBAL

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