WorldQuant Ventures, an angel investment firm focused on disruptive technology companies with a particular focus on data and finance, today announced an investment in Benzinga, a leading creator of actionable financial insights and high-demand data from the financial community. WorldQuant Ventures’ investment will fuel the expansion of Benzinga’s original market-moving content and data service infrastructure, allowing Benzinga to better serve its rapidly growing demand from traders and investors.
‘We are very excited to announce our investment in Benzinga,’ said Steven Lau, Managing Director of WorldQuant Ventures. ‘The financial world needs a voice focused on delivering valuable insights to its clients, as well as highly actionable data sets at incredible speed, and Benzinga’s consistent ability to do just that was a great investment opportunity for WorldQuant Ventures. Benzinga is already a top financial news site, particularly with active traders and millennials, and we believe that it has an enormous growth potential in the investment world. ”
Investment Sizes
Benzinga announced the closing of a $3 million investment round Other investors included Dan Gilbert, Founding Partner of Detroit Venture Partners, Stuart Robbins, former Managing Director of Global Equity for DLJ, Joshua Levine, Senior Advisor to Kita Capital, and Brad Keywell and Eric Lefkofsky, founders of Lightbank, as well as other strategic investors.
‘It is a testament to the talent of our team and the power of our mission to have such a strong group of investors who believe in us,’ said Benzinga CEO Jason Raznick. ‘Working with such strategic investors reinforces Benzinga’s potential to disrupt the way markets consume information. ”
Original Contents
Benzinga’s hands-on approach to financial news comes at a time when many media organizations are turning to automating content production. Benzinga’s news desk breaks stories and manually curates company reports to sort out noise. Access to Benzinga data puts investors in the spotlight, and the Benzinga Pro platform is an exclusive data intelligence experience that is becoming lost on the capital markets.
‘Benzinga focuses on changing the way banks, hedge funds and individuals consume information,’ Raznick said. ‘Benzinga provides investors with unique, actionable content. WorldQuant Ventures will be a key partner as Benzinga continues to innovate, deliver best-in-class data services and launch our signature events. ”
Events:
These events include the Benzinga Fintech Awards, the largest awards show and gala for top products, companies, and fintech think-tank leaders.
Roots of Detroit
Benzinga is committed to making Detroit a global Fintech hub, as Dan Gilbert said earlier this year.
‘People don’t always think about it, but Detroit is a financial and technological powerhouse that can lead the way from driverless cars to fintech,’ Raznick says. ‘The nation’s second-largest retail home mortgage lender is based in downtown Detroit, and the city has a spirit of innovation that has changed the world a number of times. We can do it again in the financial area ”
Plans for Growth
Benzinga plans to use the financing to fuel aggressive growth The company is looking to expand its Detroit and New York teams with passionate salesmen, data scientists, editorial staff and developers, and will continue to push to disrupt the media landscape of capital markets. Those who are excited about the prospect of building a fast-growing, disruptive media company can look at jobs. Benzininga Come on,
Benzinga About
Benzinga is a leading creator of actionable financial insight for traders and investors. Benzinga’s news desk is constantly breaking news and moving billions of dollars of market capitalization through its real-time terminal and data feed product, Benzinga Pro. Benzinga’s original content is syndicated with 70 partner websites, such as Yahoo! Finance and MSN. Benzinga is the leading news provider to the North American brokerage community, with a list of clients including TD Ameritrade, Morningstar, TradeKing, and many more. The company is headquartered in downtown Detroit and dedicated to driving the Renaissance of Detroit. Check out Benzinga for more information. Come on, cloud Benzinga’s Come and Pro Benzinga’s Come on,
About LLC WorldQuant Ventures
WorldQuant Ventures LLC is an angel investment firm founded in 2014 as a private investment vehicle for WorldQuant, the founder of LLC, Igor Tulchinsky. The company focuses on disruptive technology companies, with a particular focus on data and finance, and invests in more than 20 companies. WorldQuant Ventures LLC is a separate entity from WorldQuant, LLC, a global quantitative investment management company. Please visit www for more information. World’s Quantities www and com World quantum Come on,
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