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Neudata Announces New Round Of Financing

Alternative data platform Neudata has secured a new US$600,000 round of financing from a consortium of investors. This group includes each of the firm’s previous investors, as well as new investors, including the founder of a hugely successful hedge fund research and data business.

“I’m delighted to follow on my investment in Neudata,” said Dr. Robert Benson who serves as an advisor to the company and, as a successful former business owner, was one of the original investors. “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.”

“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,” said Rado Lipuš, Founder and CEO of Neudata. “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 monetize their data.”