Exabel is an Oslo, Norway-based company that offers a SaaS-delivered analytics and data platform for investment professionals. The platform enables investment teams to incorporate modern data science into existing investment processes, using fundamental, market, proprietary and alternative data. Neil Chapman is the company's CEO. Exabel closed a $9M fourth seed funding round that included both equity and a debt facility. The company plans to use the proceeds to grow operations in London and New York City and to support marketing efforts. The round brought total capital raised to over $21M. Exabel builds an AI-driven analytics and data platform for active asset managers and investment professionals, enabling use of alternative data and modern data science tools in the investment process. Led by CEO Neil Chapman, the company was founded in 2016 and operates out of offices in Oslo and London. Exabel serves buy-side and sell-side clients across Europe, including DNB Asset Management, Folketrygdfondet, Arctic Fund Management and hedge fund Iguana Investments. The company plans to use new funding to expand its commercial functions in Europe and North America and to continue establishing strategic partnerships with data vendors. Financially, Exabel closed a $3.6M third seed round that included a loan and grant from Innovation Norway, bringing total funding to more than $12M. Exabel develops Exabel Intelligent Monitoring, an automatic monitoring tool for finance professionals that analyses market and alternative data to surface events and trends. The system uses machine intelligence trained on a decade of historical data and refines mathematical models daily, with short-, medium- and long-term models to detect acute events and slowly developing trends. Data inputs include tick-level market data, millions of news articles every day, alternative datasets, and fundamental company data; the tool monitors supply chains, associated companies, commodities, exchange rates, interest rates, and other factors. Reports are generated as events unfold and are continuously updated with the latest information without delay. The company is based in Oslo, Norway, is co-founded by Øyvind Grotmol and Per Christian Moan, PhD, and has a team of approximately 20 people. Exabel said it intends to use the funds to go to market in 2019 and is continuing to hire.

Total raised

$14M

Funding rounds

6

Latest round

Seed

Latest activity

Mar 2021