RavenPack announced a $10 million funding round from GP Bullhound.
RavenPack, a Marbella, Spain-based developer of big data software solutions for the financial industry, announced the completion of a $10M capital investment round.
The funding was provided by investors led by led GP Bullhound, through GP Bullhound Fund IV, and money will be used to expand into Asia and grow beyond financial services, developing products aimed at corporate customers.
RavenPack, founded in 2003 and led by CEO Armando Gonzalez, is a big data analytics provider for financial services. The company built the RavenPack Analytics platform, used by top hedge fund and asset managers, as well as Tier 1 banks to better manage risk and enhance returns, is providing sentiment indicators derived from news and social media that plugged systematically into financial trading applications.
The company, which has 120 employees based in New York City and Marbella, Spain, says that 80% of RavenPack's sales originate in the US and London, and that has 70% of the strongest funds in the US as clients, including Credit Suisse, JP Morgan and Deutsche Bank.