Estimize is an open financial estimates platform based in New York City that aggregates fundamental estimates from independent, buy-side and sell-side analysts, as well as private investors and students. The company is led by founder and CEO Leigh Drogen with Brian Smith as CTO. Estimize raised $3M in a Series B financing. The firm plans to deploy the funding to expand its human resources, hiring front-end, back-end, and full-stack engineers, plus digital and enterprise marketing and sales personnel. The product centers on crowdsourced and professional earnings and financial estimates to provide an alternative data set for market participants. No operating metrics (revenue or user counts) were disclosed in the article. Estimize collects user-submitted earnings-per-share and revenue estimates and averages them to produce crowd-sourced forecasts for public companies. The site compares its averages to Wall Street consensus and reports higher accuracy when sample sizes grow (67% accuracy with ≥4 predictions; 77% with ≥20). The community comprises about 1,300 members and the site has recorded roughly 11,000 estimates since launch. Commercial traction includes several $10B+ hedge funds acquiring data licenses and the company is pursuing partnerships with large financial data firms. Founder Leigh Drogen has said the company plans to add data-visualization tools, incorporate macroeconomic data points, continue community growth, and has recently hired a lead designer. The business has secured external capital to support those plans, including early funding from the StockTwits community.

Total raised

$4M

Funding rounds

2

Latest round

Series B

Latest activity

Apr 2015