Neudata has secured a new USD600,000 round of financing from a consortium of investors which includes all of the firm’s previous investors, as well as new investors, including the founder of a hedge fund research and data business.
Dr Robert Benson, investor, says: “I’m delighted to follow on my investment in Neudata, Neudata has developed at a rapid rate over the last 18 months, carving out its leading position within the alternative data space. This new investment round will enable the company to continue developing its well-respected existing product offerings, while creating important new services.”
Rado Lipuš (pictured), Founder and CEO of Neudata, says: “We are delighted and honoured that our original investors have chosen to build on their commitment to Neudata, and alongside our newest investors continue to champion our unique business model, putting their full faith in our growing alternative data business.”
“The additional investment will allow us to scale up our business, help quantitative and fundamental investment managers discover and select data sources, as well as provide alternative data providers with free access to Neudata’s network of hedge funds, asset managers and pension funds, to monetise their data. A data provider was recently listed by Neudata, prior achieving sales of any of its products and within 11 months had 12 deals in place and expressions of interest from 25 funds.”
