Neudata provides alternative data evaluation services to buy-side investment managers via a software-as-a-service platform combined with expert consultancy. Founded in 2016 by Rado Lipuš, the firm sources and evaluates granular information from around a thousand providers daily, with analysts in London and Asia. It covers a wide range of alternative data, including sentiment, social media, weather, web-tracking, economic, and environmental datasets from providers ranging from start-ups to multinationals. Neudata serves investment management clients who collectively manage more than $7tn in assets. The company closed a $1m funding round and intends to use the proceeds to expand its teams and develop services and technology solutions exclusively for its buy-side client base. The round's backers were not disclosed. Neudata is a London-based fintech startup operating a platform that connects quantitative and fundamental investment managers with alternative data sources. Led by founder and CEO Rado Lipuš, the company gives data providers free access to a network of hedge funds, asset managers and pension funds to help them monetize their data. Neudata does not sell data directly; it charges subscription fees to fund managers for access to its intelligence database. The company has offices in New York City and Geneva in addition to its London base. Neudata secured a new US$600k financing from previous and new investors. It intends to use the funds to continue developing its existing product offerings and to create new services.

Total raised

$2M

Funding rounds

2

Latest round

Equity

Latest activity

Jul 2019