Data-driven investment platform Hatcher+ has nabbed $3.5m in a funding round led by Taizo Son’s Mistletoe Group.
The company uses machine learning and AI technology to identify key investment opportunities from around the world. Using research attained from over 300,000 early-stage investments from over 745 venture firms and accelerators to make high-potential investments.
The new wave of funding will help the company expand its research and development, as well as boosting its global co-investment network. Hatcher+ is planning to launch its second investment vehicle on $125m, to help fund early-stage companies alongside accelerators, angel groups, and investors.
Hatcher+ partner Dan Hoogterp said, “Within ten years, venture investing will come to resemble the stock market – data will be available on every deal, regardless of sector, stage, or geography, and liquidity will be measured in minutes, not years. Going forward, we believe that successful investors will begin to place greater reliance on the use of data in conjunction with emerging technologies, such as AI and machine learning.â€
The institutional investments and trading sector saw a record level of funding last year, hitting $1.9bn deployed across 77 deals. This record level was due to a colossal $1.2bn investment into trading platform Lufax.
Copyright © 2017 FinTech Global
