NEW YORK, Jan. 18, 2018 /PRNewswire/ -- Visible Alpha,
an investment research technology firm founded by some of the
world's leading investment banks, today announced that it has
secured an additional $38 million of
equity financing. Visible Alpha will use this investment to fuel
its explosive growth and maintain its leadership position among
firms driving efficiency, transparency and alpha generation in the
institutional research process and helping solve for the research
valuation and budgeting requirements of MiFID II.
This recent round is led by Goldman Sachs (NYSE: GS) with
additional participation from Banco Santander through its VC arm,
Santander InnoVentures, Exane BNP Paribas, Macquarie Group, Royal
Bank of Canada and Wells Fargo,
and from Visible Alpha's existing investors, Bank of America, Citi,
Jefferies, Morgan Stanley and UBS.
Visible Alpha's dramatic growth has been driven by increased
demand among the world's largest financial institutions and the
active participation of over 450 research providers. Since the
company's commercial launch in February
2017, Visible Alpha has grown its client base to more than
100 buy-side firms with a combined AUM of $16 trillion. Building on this momentum, Visible
Alpha will use this additional financing to accelerate product
growth and global expansion.
"Visible Alpha empowers investment professionals to redefine
their research experience with technology that brings relevant and
quantified insights to the forefront," said Scott Rosen, CEO of Visible Alpha. "This capital
gives us additional resources to maintain our growth trajectory and
deliver on our mission to improve and enrich communication between
all market participants."
"We are pleased to lead this funding round for Visible Alpha,"
said Darren Cohen, Partner and
Global Head of Principal Strategic Investments at Goldman Sachs.
"Visible Alpha has established its position as a market leader by
helping the most sophisticated buy-side and sell-side firms solve
their most pressing challenges related to research dissemination,
entitlements, procurement and valuation. We look forward to
participating in their continued growth and innovation."
In November 2017, Visible Alpha
unveiled a comprehensive workflow solution for asset managers,
covering both investment professionals and administrators. From
idea generation and collaboration to resource tracking and research
valuation, this new platform transforms the way investors
experience aggregated brokerage research, full analyst models, deep
consensus analytics and corporate access calendars.
Rosenblatt Securities served as exclusive financial advisor to
Visible Alpha on the transaction.
About Visible Alpha
Visible Alpha is transforming the way Wall Street firms
collaborate on research, financial models and corporate access
events by providing breakthrough tools for discovery, analysis and
valuation. With more than 350 employees globally, the rapidly
growing company combines advanced data technology, a secure
distribution network and sophisticated analytical tools to drive
efficiencies and transparency into the research process while also
enabling firms to generate alpha in new and differentiated ways.
Visible Alpha is backed by the world's leading investment banks.
For more information on Visible Alpha, please visit
www.visiblealpha.com.
Media Contact
Eric Soderberg
Forefront Communications for Visible Alpha
914-414-2884
eric@forefrontcomms.com
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SOURCE Visible Alpha