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Tracxn – Analyst Notes # 1261 – Investment Tech

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Funding Rounds

Series B, $21.1M
DriveWealth (2012, Chatham, $30.8M) – Investment app and Brokerage API provider

Series A, $20M
Behavox (2014, London, $21.6M) – Employee surveillance system

Investors: Citigroup, Index Ventures

Series A, $15.1M
Newbanker (2016, Beijing, $18.8M) – Customer Management platform for wealth management firms

Investors: Atlas Capital, Matrix Partners China, Yuan Sheng Capital

Post IPO, $9.4M
EQS Group (2000, Munich) – International technology provider for Digital Investor Relations

Post IPO, $7.8M
The Street (1996, New York City, $15M) – Online portal for business news, market data and stock analysis

Investors: 180 Degree Capital

Series B, $2.7M
Heckyl Technologies (2010, Mumbai, $7.5M) – Real time financial information & news analytics for markets & businesses

Investors: Notion Capital, IDG Ventures India

Series A, $2.6M
Quantamize (2016, New York City) – Research and trading strategy provider

Seed, $2.4M
Elsen (2014, Boston, $2.9M) – High performance platform for financial institutions.

Investors: Hyperplane, Accomplice, LaunchCapital

Series A, $2.2M
Xenodata Lab (2015, Shibuya, $2.8M) – Automated financial analysis tool

Investors: The Bank of Tokyo-Mitsubishi UFJ, Teikoku Databank, Ltd., Tokai Tokyo Financial Holdings, kabu.com Securities, DBJ Capital, Mizuho Capital, SMBC Venture Capital

Seed, $2.1M
Accern (2013, New York City, $3.4M) – Intelligence detection platform for institutional investors

Investors: Cane Investment Partners, Moshe Neuman, Affinity Investment Group, 26 Venture, Credit Suisse, Deutsche Bank

Seed, $2M
Matador (2015, New York City, $2M) – Free social trading app

Series A, $2M
Zirra (2014, Tel Aviv, $4.5M) – Rating platform for private investments.

Investors: Seedinvest

Series C, $1.7M
Bux (2013, Amsterdam, $23M) – Trading game and real time trading platform

Investors: Seedrs

Series A, $1.6M
Crowdfunder (2012, Los Angeles, $6.5M) – Business crowdfunding platform

Investors: Crowdcube

Seed, $1.4M
Asoko Insight (2014, London, $2.7M) – Database for African private companies.

Investors: North Base Media, CRE Venture Capital

M&A

  • Itiviti to combine with ULLINK Automated Trader
  • Visible Alpha acquires Alpha Exchange ahead of MiFID II The TRADE
  • First Derivatives Buys Spanish Firm Telconomics In Cash And Share Deal LSE Spreads
  • LGIM acquires $2.7bn European ETF platform fnlondon.com
  • Hockeystick announces acquisition of LaunchSpot at SaaS North conference StartUp Beat
  • Solovis Extends Multi-Asset Portfolio Analytics Capabilities with Acquisition of Madrone Software PR Newswire

IPO

New Fund Launch

  • SyndicateRoom provides investors access to fast-growing UK scale-ups with new EIS fund Proactive Investors

New Product Announcement

  • Linedata Accelerates Its Transformation And Unveils A New Brand Identity GlobeNewswire
  • Barracuda FX launches OMS Cloud Automated Trader
  • SIA Launches a New Digital Platform for Instant Payments Business Wire
  • GoldenSource launches new solution to release IT and Regulatory Reporting shackles for Asset Managers PressReleasePoint
  • Thomson Reuters Drives Greater Backtesting and Historical Analysis with Launch of I/B/E/S Point in Time PressReleasePoint
  • InvestCloud Launches Solutions to Democratize Digital and Deliver Mass Automation PR Newswire
  • TORA Launches AI-Driven Pre-Trade Analytics Tool to Help Firms Meet Stricter MiFID II Best Execution Requirements GlobeNewswire
  • Launch of FIS Code Connect Puts FIS Clients at Forefront of Open API InnovationPressReleasePoint
  • Bloomberg Unveils Trading Platform for Repurchase Agreements in Philippines Finance Magnates
  • Bloomberg to launch 24-hour social news network on Twitter TechSpot
  • SS&C Launches “Comprehensive”, a Complete Portfolio Monitoring Service for Credit Managers Bobsguide
  • Singapore startup unveils Asia’s first robot trader for retail investors sgsme.sg
  • To track stocks, Moneycontrol launches voice-enabled app for smart watch MyBigPlunge
  • Envestnet | Tamarac Launches a New Version of Its Comprehensive RIA Platform PR Newswire
  • Leverate Launches Expansion Package ‘Go East’ Finance Magnates
  • Transparitrade Launches Structured Investments Multi-issuer Platform Initiative in the US to Capitalize on Recent Market Growth PR Newswire
  • HFR launches ‘Portfolioscope’ – SaaS platform for hedge funds International Business Times
  • M Science Launches Alibaba Advertising Spending Data Product Business Wire

New Geo Entry

  • FinTech Marketplace Wealth Migrate Continues Expansion with New UK OfficeGlobeNewswire
  • SmartStream opens managed service office in Jaipur to serve a tier 1 bank Bobsguide

Secondary

  • Ion Investment to buy controlling stake in Dealogic from Carlyle, Euromoney Reuters

Business Partnership

  • Fintech startup Flux partners with Barclays for itemised receipts Tech Empire
  • Token and Envestnet | Yodlee Announce Strategic Open Banking Partnership PR Newswire
  • Uniper and Openlink lead the way in tier-one Cloud ETRM adoption PennWell Corporation
  • Fenergo signs Client Lifecycle Management deal with BNP Paribas Automated Trader
  • Charles River and Trumid Partnership Brings Greater Efficiency to Corporate Bond Trading Citybizlist
  • AxiomSL partners with GridCon for German regulatory reporting Automated Trader

Key People Movement

  • OurCrowd Appoints Roland Wee as Managing Director to Lead Asia Expansion Business Wire
  • Electronic Trading Pioneer Lupowitz Joins trueEX as CTO PR Newswire

Lawsuit

  • HC junks FTIL’s petition against govt order to merge with NSEL Indiatimes
 

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