Quiver Quantitative, which designs next-generation investment research tools, has bagged $2m in an equity round.
The deal was led by Allos Ventures, with commitments also coming from M25, Bascom Ventures, Lancaster Investments, Connetic Ventures, WARF, and the Idea Fund of La Crosse.
With the capital, the company plans to accelerate retail user growth, integrate new proprietary databases to its platform, and advanced back-testing and analytics capabilities on top of their existing offerings.
Since its launch in 2020, the FinTech company has over 300,000 registered users. Over the past year it increased its user base by 600%.
Quiver’s web platform provides tools and dashboards that make it easier for retail investors to leverage alternative data to guide their trading decisions. The company recently released an app on iOS and Android.
Allos Ventures partner David Kerr said, “We are thrilled to partner with Quiver and support their long-term success.
“Quiver is uniquely positioned to support the recent surge of retail investors that are looking to be better informed and have deeper access to research tools in their investment decisions. Additionally, financial institutions looking to stay ahead of the game are seeking out Quiver for their unique alternative datasets.”
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