March 21, 2017
Secured $5 million backing from Draper Esprit to democratize big data analytics in finance.
RavenPack, the big data analytics provider for financial services, is today excited to announce the launch of its ground-breaking new product, a
self-service data and visualization platform
that enables financial professionals to analyze unstructured data for investing and trading, and to support risk management and compliance.
The company’s new platform allows users to monitor market-moving events, and quickly surface insights by combining a wide variety of data sets, including stock prices, geopolitical events, newsflow, social media activity, payments data, weather, apps, and data from the internet of things. By using RavenPack’s proprietary sentiment analysis technology, investors can generate predictive insights and evaluate investment opportunities in real time.
The new platform allows both systematic and discretionary or fundamental users to:
“RavenPack has become a vital source of information for quantitative investors,”
said Yin Luo, Vice Chairman of Wolfe Research and Wall Street’s top-ranked quantitative analyst (six years in a row by the Institutional Investor Equity Research Survey).
“The new RavenPack platform bridges the gap between systematic and fundamental investment managers exploring market anomalies and looking for an edge from unstructured big data.”
The company today also announced it has secured $5 million backing from Draper Esprit (AIM:GROW, ESM: GRW), a leading venture firm involved in the creation, funding and development of high-growth technology businesses. The money raised from Draper Esprit will fast-track RavenPack’s mission to transform the way investors gain insights from unstructured data. International investment banking firm EOC Partners acted as advisor to RavenPack on the transaction.
“Our new product and backing from Draper Esprit strengthens our ability to democratize analytics on big data in capital markets,”
said Armando Gonzalez, CEO of RavenPack.
“The new platform opens up access to unstructured data analytics which until now have only been available to the most sophisticated quantitative investors and traders.”
“RavenPack’s core value lies in turning unstructured big data into real-time actionable insight to generate significant results. This is particularly relevant for banks, hedge funds, and asset managers who are fast becoming data hoarders. Their new platform will empower investors across the board to better understand volatile markets. We’re excited to be investing in a fintech company with a brilliant track record and look forward to working with them as they become an important cornerstone in the big data ecosystem.”
Simon Cook, CEO Draper Esprit
RavenPack (http://www.ravenpack.com) is the leading big data analytics provider for financial services. Financial professionals rely on RavenPack for its speed and accuracy in analyzing large amounts of unstructured content. The company’s products allow clients to enhance returns, reduce risk or increase efficiency by systematically incorporating the effects of public information in their models or workflows. RavenPack’s clients include the most successful hedge funds, banks, and asset managers in the world.
Draper Esprit (http://www.draperesprit.com) was founded in 2006, and is one of the largest and most active VC firms in Europe, helping entrepreneurs to build global ground-breaking technology companies. In 2016 it moved its primary funds into a listed PLC model (LSE: GROW.L) in order to take a longer term, multi-stage, patient capital approach. In recent years, Draper Esprit’s exits have generated more than $3 billion in combined enterprise value. Draper Esprit is the exclusive Western European member of the Silicon Valley-based Global Draper Network with offices around the world, with portfolio companies including Baidu, Skype, Space X, Tesla and Yammer and other world leading companies.
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We consider incorporating sentiment signals from news, earnings call transcripts, and insider transactions to
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