TickSmith offers a cloud-based, B2B SaaS Enterprise Data Web Store that creates an e-commerce experience for buying and selling data. The platform supplies tools to prepare, manage, package and monetize data end-to-end. It is used by leading exchanges and financial institutions to generate new revenue streams and expand their customer bases. The product emphasizes a secure, proven solution that removes the complexities of selling and buying data. The company is based in Montreal, QC, and is commercializing its Data Web Store into additional industry segments. TickSmith raised a $20.0M Series A to accelerate sales and marketing and support broader commercial rollout. TickSmith develops TickVault, a financial data lake platform that centralizes and distributes large-scale financial data. Led by CEO and co-founder Francis Wenzel, the company serves trading and risk groups, regulators, exchanges and data vendors. TickVault is used for data centralization and distribution, market surveillance, risk management, strategy discovery and analytics. The platform helps clients comply with post-trade reporting and risk requirements such as MiFID II and the Fundamental Review of the Trading Book (FRTB). TickVault also provides a single source of data for internal compliance and risk management teams. TickSmith intends to use the new funding to further commercialize TickVault.

Total raised

$22M

Funding rounds

2

Latest round

Series A

Latest activity

Jan 2022