Quantopian is a Boston-based online platform that provides a community environment for creating, testing, and licensing institutional-quality investment algorithms. It offers free access to US equity pricing and corporate fundamental data, research capabilities, a backtester, university-level education tools, and a growing catalog of premium datasets. The company’s community has more than 100,000 members across 180 countries and has run over 4.5 million simulations; members include finance professionals, scientists, developers, and students. In September 2015 Quantopian began allocating proprietary capital to selected member algorithms and expects to begin allocating external capital in 2017. Quantopian plans to use new funding to expand platform tools and education materials, acquire additional data, and build out investment-management infrastructure to manage external investor money. Authors of selected algorithms are paid a share of net profits under licensing agreements. Quantopian provides a free, institutional‑quality online platform and data that enables a community of quantitative developers to create and test investment algorithms. The company supplies data, infrastructure, and a licensing pathway whereby selected algorithms are allocated capital and authors are paid royalties tied to performance. Quantopian's community has grown to over 85,000 members from 180 countries and has produced more than 400,000 algorithms and over 3.5 million simulations. In September 2015 Quantopian began allocating proprietary capital to selected community algorithms, and the company evaluates strategies on return, risk, style, capacity, and interaction effects. Quantopian says larger allocations will permit it to pay larger royalties, incentivizing further participation and development on the platform. The platform serves finance professionals, researchers, developers, and students and hosts regional meetups and an annual conference, QuantCon. Quantopian operates a browser-based algorithmic investing platform that enables community members to integrate data, develop and optimize trading algorithms while protecting intellectual property. Led by founder and CEO John Fawcett, the company provides investors and quants access to tools, infrastructure and a collaborative community. Quantopian reported a community of 25,000 quants at the time of the article. The company plans to use the new funding to develop the Quantopian Managers Program, a hedge-fund-style vehicle that allocates capital to top-performing community managers. It is expanding its product set to include a research environment, fundamental company data and additional brokerage integrations. The platform emphasizes infrastructure, data access and deployment tools to support strategy development and capital allocation. Quantopian is a Boston, MA-based, browser-based algorithmic trading platform that provides investors with tools, capabilities and a community to create and optimize trading algorithms. Users can develop algorithms, discuss concepts and performance with peers and experts, and deploy selected strategies to the live market. The platform emphasizes openness and transparency in algorithm development and community discussion. Quantopian is led by founder and CEO John ‘Fawce’ Fawcett, with Jessica Stauth serving as vice president of quant strategy. The company raised $6.7M in a Series A to enhance its platform and accelerate growth, bringing total funding to date to $8.8M.

Total raised

$297M

Funding rounds

4

Latest round

Series C

Latest activity

Nov 2016