Quantopian, a Boston, MA-based algorithmic investing platform, raised $15m in Series B financing.
The round was led by Bessemer Venture Partners with participation from existing backers Khosla Ventures, Spark Capital and Wicklow Capital. In conjunction with the funding, Rob Stavis, a BVP partner, will join Quantopian’s board of directors.
The company intends to use the funds to develop the Quantopian Managers Program – a hedge fund that allocates capital to the top-performing managers (quants) in the community.
Led by John Fawcett, founder and CEO, Quantopian provides a browser-based algorithmic investing platform that brings algorithmic trading to the investing community. It allows quants to integrate any data instantly while protecting intellectual property, and investors to access to tools, capabilities and the community necessary to create and optimize their own trading algorithms. The Quantopian Managers Program will provide quants with access to a full suite of tools, infrastructure and data to test and deploy investment strategies. Allocation of capital will be based on performance.
Quantopianm which currently has a community of 25,000 quants, is expanding its offering to include a research environment, fundamental company data and additional brokerage integrations.
FinSMEs
16/10/2014