9fin, a London, UK-based provider of data, news, and predictive analytics for debt capital markets, raised £8 million in Series A funding.
The round was led by Redalpine, alongside previous investors Fly Ventures, and angel investors Paul Forster, Co-Founder of Indeed, Alan Morgan, Co-Founder of MMC Ventures, Ilavska Vuillermoz Capital, and several high-net-worth individuals.
The company, which has to date secured over £10M in funding, including the support from Seedcamp and AI Seed Fund, intends to use the funds to accelerate its expansion into the US, with the opening of a New York office following increased demand from existing customers in Europe.
Company: 9fin
Raised: £8.0M
Round: Series A
Funding Month: October 2021
Lead Investors: Redalpine
Additional Investors: Fly Ventures, Paul Forster, Alan Morgan, Co-Founder of MMC Ventures, and Ilavska Vuillermoz Capita
Company Website: https://9fin.com/
Software Category: Data, news, and predictive analytics
About the Company: Co-founded by Steven Hunter and Hussam El-Sheikh, 9fin provides intelligence for the debt capital markets community. Its tech platform uses machine learning and computer vision to extract and standardize debt capital markets data in real-time to allow customers to save time, spot trading opportunities, and increase their share of the $65bn of debt capital markets fees earned by advisors each year. Product offerings include News alerts, Financials, Covenants, Comparables, Deal predictions, ESG, and Search. 9fin serves nine of the top 10 investment banks, funds managing over €52bn of high yield assets under management, and award-winning advisory and law firm franchises.
Source: https://www.finsmes.com/2021/10/9fin-raises-8m-in-series-a-funding.html