Danelfin, a firm that leverages AI to enhance stock selection and portfolio management for retail investors, has secured €2m.
This funding round was spearheaded by the pan-European venture capital firm, Nauta Capital, and saw contributions from various existing investors.
The firm is at the forefront of developing an AI-powered platform that is transforming how retail investors across the globe make investment decisions. By converting complex stock data into an accessible ‘AI Score’, Danelfin simplifies the investment process. This score helps investors identify potential outperformers in the stock market, with those rated AI Score 10 showing an impressive outperformance of +14.69% over the market average after three months.
With a surge in retail investing activities, particularly in the United States and Europe, Danelfin’s platform meets a critical need. The recent boom has seen millions embracing stock trading, highlighting a significant shift towards retail investments which now account for a quarter of all stock trades in the U.S. Danelfin’s tools cater to this burgeoning demographic by simplifying data analysis, which is crucial in helping investors steer clear of emotional decision-making and focus on data-driven insights.
The fresh funds will be channelled towards accelerating Danelfin’s growth trajectory, with plans to enhance product features, expand internationally, and refine operational capabilities. These initiatives are aimed at making sophisticated investment tools accessible to all, thereby democratising the use of artificial intelligence in financial decision-making.
The company has been vocal about its mission to transform the retail investment landscape. As stated by Aarón Román, co-founder and Chief Data Scientist, “AI technology, once the preserve of hedge funds and elite investors, is now accessible to every investor globally through Danelfin.”
Moreover, Danelfin’s traction in the market has been largely organic, driven by SEO and viral marketing. As Guillermo Salas, Chief Technology Officer, highlights, “60,000 retail investors have already benefitted from Danelfin’s smart, data-driven investment solutions.”
Nauta Capital’s General Partner Jordi Viñas praised Danelfin’s unique approach and its experienced team for democratising informed decision-making in stock picking, a factor that significantly influenced their investment decision.
Previously, since its inception in 2021, Danelfin has also garnered accolades such as the Best Financial Research Company at the 2023 Benzinga Fintech Awards, further cementing its reputation in the industry.
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