RavenPack, a data analytics platform for financial institutions, has scored $10m in funding from technology advisory and investment firm GP Bullhound.
Having closed the new tranche of funding, the FinTech is eyeing an expansion into Asia and entering new verticals, with plans to build products for corporate customers.
The big data analytics platform is used by hedge funds, asset managers and tier one banks to improve their risk understanding and enhance returns. RavenPack is an alternative data platform which aggregates insights from around the web on a particular topic which can then be easily downloaded into various data formats.
Through its technology, companies can build their own datasets differentiated by date, relevance and topics, giving them real-time visualisation to generate insights.
Armando Gonzalez CEO and co-founder of RavenPack said, “Following our success in North America and Europe, we are experiencing significant growth in demand from Asia for our unique analytical services.
“Global finance has reached a critical inflection point as asset owners and money managers embrace tools like machine learning and big data analysis to navigate complex and turbulent markets.”
RavenPack’s former round of funding was a $5m investment in 2017 from UK venture capital firm Draper Esprit.
Earlier in the year, GP Bullhound reached the €113m final close for its fourth fund targeting European tech businesses.
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