Tracxn - Investment Tech Startup Landscape

Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Investment Tech - Jan 2018
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
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Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
BlueBox
Summary of Key Markets
Notable Companies in the Sector
Recent News

Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on January 19, 2018.
Investment Tech Feed Summary
4
Investment Tech > Feed Summary
Platforms offering investment opportunities to retail and institutional investors and also includes companies which
provide software solutions to these players.
• Inclusions: All companies that provide software
tools and solutions to facilitate public and private
market investing. Also includes companies providing
financial data and related analytics.
• Exclusions: Robo advisors, traditional investment
advisors and brokerage houses. Robo Advisors is
viewed as a separate cut by the investors, and
traditional investment advisors are generally offline.
• Excludes funding information of Chinese companies
Feed in Numbers
Overview
$8.3B
Funding
117
Mega
Companies
10803704
FundedCovered on
Tracxn
15
Unicorns
32
Soonicorns
46
Minicorns
80
IPO’d Cos
404
Late Stage Cos
107
52
Acquisitions
276
DeadPooled
239
Acquihired
Series A+ Cos
Crowdcube
(2010, Exeter, $32.3M)
Seedrs
(2009, London, $38.8M)
Thomson Reuters
(1800, New York City, Public)
Top Companies

$970M
$847M
$1.2B
$1.5B
$1.3B
2013 2014 2015 2016 2017
$ Funding # Rounds
353
433
512
295
78
2013 2014 2015 2016 2017
Y-o-Y # of Companies Founded
Investment Trend Summary
Summary of Funding Activity in Investment Tech
5
$400M - PE
ION Trading (1998, London, $44M)
$65M - Series C
Cadre (2014, New York City, $133M)
$140M - Series D
Addepar (2009, Mountain View, $206M)
$60M - Series B
Digital Asset Holdings (2014, New York City,
$110M)
$110M - Series C
Robinhood (2012, Palo Alto, $176M)
$59.3M - PE
Fantex (2012, San Francisco, $110M)
$72M - Series C
OurCrowd (2012, Jerusalem, $113M)
$50M - Series B
$65M - Series D
Metric Stream (1999, Palo Alto, $215M)
$50M - Series B
Kensho (2010, Cambridge, $108M)
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
Investment Tech > Feed Summary > Investment Trend Summary
Seed Green Visor Capital (#5), SixThirty(#5), Seedcamp (#4)
Series A/B
Euclid Opportunities (#4), Illuminate Financial (#4), Sequoia
Capital (#4)
Series C+ Andreessen Horowitz (#2), Bain Capital Ventures (#2), EDBI (#2)
Incubators 500 Startups (#26) Senahill Partners (#11) Techstars (#10)
Other Notable
Investors
Startupbootcamp (#25), Level39 (#13), Goldman Sachs (#10)
Debt Investors
Western Technology Investment (#7), Silicon Valley Bank (#4),
MMV Financial (#2)
Most Active InvestorsRecent Investments
145 229 242 215 175
$5.5B
$2.1B
$332M
$210M
$159M
US
Europe
Israel
Canada
SEA
$ Funding

Summary of exit outlook in Investment Tech
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
Technology
Crossover Ventures
4
Thinkorswim (1999, New York City, $27.5M)
Envestnet (1999, Chicago)
Summit Partners 3
optionsXpress (2000, Chicago)
Multifonds (1995, Luxembourg)
TA Associates
Management
3
SmartStream (1988, London)
Instinet (1969, New York City)
Credit Suisse 2
TheMarkets (2000, New York City, $30M)
SEI (1968, Oaks)
Advent International 2
Sophis (1985, Dublin)
Datek Online Holdings Corp. (1996, New York
City)
Nov 2017 Canvas Acq by LGIM for $2.7B
Mar 2016 Markit Acq by IHS Markit for $5.5B
Nov 2015
SunGard Acq by Fidelity Information Services for
$9.1B
Jul 2015 Advent Acq by SS&C Technologies for $2.6B
May 2010 Interactive Data Acq by Silver Lake for $3.4B
Jun 2009 iShares Acq by BlackRock for $13.5B
Investment Tech > Feed Summary > Exit Outlook Summary
Thomson
Reuters
3 Tradeweb (May 2004, $385M) FXall (Aug 2012)
Fidelity
Information
Services
2 SunGard (Nov 2015, $9.1B), FIS Memento (Apr 2012)
FactSet 2 Portware (Oct 2015, $265M), BI-SAM (Mar 2017, $205M)
TD Ameritrade 2
Datek Online Holdings Corp. (Apr 2002, $1.3B),
Thinkorswim (Jan 2009, $606M)
The Carlyle
Group
1 Dealogic (Nov 2014, $700M)
Recent IPOs Top Acquisitions
CoAssets May 2016
Real estate crowdfunding platform
IPO MCap: - Current MCap: -
Real Estate Investar Oct 2015
Real estate investment management and dis…
IPO MCap: - Current MCap: $12.4M
Black Box Stocks Jul 2015
Algorithmic-based trading tips provider
Flow Traders Jul 2015
Principal trading firm and liquidity prov…
IPO MCap: - Current MCap: $19.6B
Beeks Financial Cloud Nov 2017
Low latency service provider for financia…
Netwealth Nov 2017
Portfolio management solutions for financ…
IPO MCap: - Current MCap: $664M
Symbid Dec 2016
Equity-based Crowdfunding
DomaCom Jul 2016
Fractional real estate investment and sec…

Cumulative funding in the market
Funding data excludes Debt, Grants & Post-IPO rounds. Excludes all details for Chinese companies
For any Feedback and Query reach out to MyAnalyst@tracxn.com
Feed Report - Investment Tech - Jan 20187 Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.
Securities Trading Mid & Back Office Solutions
Customer Management
Practise Management
InvestCloud (2010, Beverly Hills, $78.7M)
Social Trading
eToro (2007, Tel Aviv, $73M)
Trade Management
Xambala (2001, Sunnyvale, $81M)
$2.8B$2.2B
January 2018Tracxn BlueBox – Investment Tech
3700+ companies in the sector, 627 funded in last 5 years, $2.8B invested in last 2 Years
Most Active Investors: Startupbootcamp, 500 Startups, Goldman Sachs,Sequoia Capital, Techstars
Trading Platforms
Multi Asset
TradeKing (2005, Fort Lauderdale, $33M, Acq.)
Exchange Traded Products
Robinhood (2012, Palo Alto, 176M)
OTC
Liquidnet (2001, New York City, $250M)
Algo Trading
DIY
Quantopian (2011, Boston, $49M)
Horizontal
Alpaca (2015, San Mateo, $2.8M)
Strategy Marketplace
Refined Investment (2010, Berlin, $580K) Risk & Compliance
Data Management
Docupace (2002, Los Angeles, $16.5M)
Private Market Investing $1.5B
Financial Data & Research
Research Platforms
Dataminr (2009, New York City, $175M)
Securities & Trading Data
IHS Markit (2001, London, $750M, Acq.)
Private Companies Data
Crunchbase (2007, San francisco, $20M)
$1.8B
Thematic Investing
Motif Investing (2010, San Mateo, $126M)
Virtual Trading
Vestly (2015, New York City, $4M)
Investment Platforms
Private Equity
OurCrowd (2012, Jerusalem, $112.5M)
Real Estate
Cadre (2014, New York, $133.3M)
Commodities
BullionVault (2005, London, $18.4M)
Office Solutions
Portfolio Management
Apex Fund Service (2003, Hamilton, $30M)
Deal Management
DealCloud (2010, Charlotte, $10.1M)
Stakeholder Communication
Grow (2014, Provo, $12.5M)
Investment Tech > Feed Summary > BlueBox

Key Sub Sectors in Investment Tech Sector
Summary of Key Markets
8
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested # Round
Private Market Investing > Investment
Platform > Private Equity >
Crowdfunding
137 $167M 35
Platform > Real Estate > Crowdfunding >
Accredited Investor
22 $188M 14
Securities Trading > Trading Platforms >
OTC >
Fixed Income
16 $80.1M 14
Mid & Back Office Solutions > Trade
Management >
Trade Lifecycle Management
81 $447M 7
Mid & Back Office Solutions > Practice
Management >
Asset Managers
76 $91.7M 10
Mid & Back Office Solutions >
Practice Management 80 $67.7M 10
Platform > Real Estate > Crowdfunding >
Multi-Investor
173 $42.9M 17
Mid & Back Office Solutions > Customer
Management > Portfolio Management >
Portfolio Analytics
79 $164M 6
Mid & Back Office Solutions > Trade
Management >
Technology
16 $125M 6
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Mid & Back Office Solutions
Companies providing office solutions for financial
firms
957 331 $2.8B
Securities Trading
Platforms allowing or enabling trading securities on
exchanges or OTC
1181 277 $2.2B
Companies providing access to financial data and
research
839 228 $1.8B
Private Market Investing
Solutions enabling investment in alternative asset
classes
723 243 $1.5B
Investment Tech > Feed Summary > Summary of Key Markets

List of Notable Companies in Investment Tech
Notable Companies in the Sector (1/3)
9
Note: *(Founded Year, Location, Total Funding)
Investment Tech > Feed Summary > Notable Companies in the Sector
Public
Flow Traders
(2004, Amsterdam)*
Instinet
(1969, New York City)
MSCI
SS&C Technologies
(1986, Windsor Locks)
Morningstar
(1984, Chicago, $91M)
Netwealth
(1999, Melbourne, $22.5M)
Leonteq
(2007, Zurich)
Pegasystems
(1983, Cambridge)
Envestnet
(1999, Chicago)
MarketAxess Holdings
Public
NexJ
(2003, Toronto, $22.9M)
Arcontech Group
(1979, London)
OneVue
(2012, Sydney)
DomaCom
(2011, Melbourne, $8M)
ADVFN
(1999, London)
StatPro
(1994, London)
Beeks Financial Cloud
(2011, Glasgow)
InvestSMART
(1999, Sydney)
Real Estate Investar
(2006, Gold Coast)
First Derivatives
(1996, Newry)
Public
BitGold
(2014, Toronto, $15.5M)
The Street
(1996, New York City, $15M)
Lombard Risk
(1989, London, $14M)
The AIREX Market
(2012, New York City, $3.4M)
Cinnober
(1997, Stockholm, $2.8M)
Black Box Stocks
(2011, Dallas, $1.5M)
CoAssets
(2013, Singapore, $736k)
Chinesefn
(1999, Aurora, $453k)
Bloomberg
Broadridge Financial
Solutions
Public
FactSet
(1978, Norwalk)
Mitek
(1985, San Diego)
Thomson Reuters
EQS Group
(2000, Munich)
Hargreaves Lansdown
(1981, Bristol)
63Moons
(1988, Mumbai)
Arihant Capital
(1992, Mumbai)
CurrencyShares
(2005, Rockville)
Finansia Syrus
Securities
(2002, Bangkok)
OTC Markets Group
Public
Praemium
(2001, Melbourne)
Sino AG
(1998, Dusseldorf)
Geojit
(1987, Kochi)
Matsui Securities
(1918, Chiyoda-ku)
4-Traders
(2009, Annecy)
Barracuda FX
(2009, Dublin)
Bizportal
(1995, Tel Aviv)
CashBackForex
(2007, Cork)
Clone Algo
Technologies
(2001, Singapore)
COL Financial
(1999, Pasig)

10
Public
CreditRiskMonitor
(1999, Valley Cottage)
CSIMarket
(2013, Coral Springs)
Empirica
(2010, Wroclaw)
ETF Securities
(2003, London)
Excel Force
(1994, Petaling Jaya)
FFastFill
(1998, London)
Fidelity Information
Services
(1968, Jacksonville)
Fidessa
(1981, London)
Financial DNA
(2001, Atlanta)
Finatext
(2013, London)
Public
GBST
(1984, Brisbane)
ICAP
(1986, London)
Interactive Brokers
(1994, Greenwich)
Investview
(2005, Red Bank)
IRESS
(1993, Melbourne)
Issuer Direct
(1988, Morrisville)
Kotak Securities
(1994, Mumbai)
Linedata
(1998, Neuilly-sur-seine)
MediaSentiment
(2006, San Francisco)
N2N Connect
(2000, Kuala Lumpur)
Public
NASD
(1998, Lagos)
NDA Securities
(1992, Delhi)
QuoteMedia
(1999, Fountain Hills)
Seaport Securities
SEI
(1968, Oaks)
SimCorp
(1971, Copenhagen)
Symbid
(2011, Rotterdam)
TradeDirect
(1999, Lausanne)
What Investment
(1982, London)
World Business Press
Online
(2005, Bratislava)
Acquired
iShares
SunGard
(1982, Wayne)
Markit
(2001, London, $750M)
Dow Jones
Interactive Data
(1968, Bedford)
Canvas
(2013, London)
Advent
Misys
(1979, London)
RiskMetrics
Financial Times
(1888, London)
Acquired
Datek Online Holdings
Corp.
IPC
(1973, Jersey City)
optionsXpress
(2000, Chicago)
eVestment
(2000, Marietta, $19M)
Plus500
(2008, London)
Dealogic
(1983, London)
Thinkorswim
Sophis
(1985, Dublin)
Currenex
Tradeweb

11
Acquired
Hotspot
SuperDerivatives
(2000, Tel Aviv)
eFront
Avelo
(1994, Warwick)
TheMarkets
SmartStream
(1988, London)
TradeKing
(2005, Fort Lauderdale, $33M)
Portware
Multifonds
(1995, Luxembourg)
Mergermarket
(1999, London, $5.6M)
Acquired
Traiana
(2000, Tel Aviv, $15M)
BI-SAM
(2000, Paris, $6M)
Cofunds
(2001, London)
PitchBook
(2008, Seattle, $14.3M)
FolioDynamix
FastMatch
Unicorns
Robinhood
(2012, Palo Alto, $176M)

List of Notable Companies by Market in Investment Tech
Notable Companies by Market (1/16)
13
Investment Tech > Feed Summary > Notable Companies by Market
Securities Trading
Trading Platforms
Platform to execute large trades
Soonicorn. Stage: Funded
Summit Partners, Technology Crossover Ventures,
Long Ridge Equity Partners and 1 Other Investors
Zero commission trading app
Unicorn. Stage: Series C
DST Global, New Enterprise Associates, Index
Ventures and 18 Other Investors
Oanda (1995, San Francisco, $117M)
Internet-based forex trading and currency
information services
Soonicorn. Stage: Series B
Index Ventures, Cascade Investment Group, Legg
Mason and 4 Other Investors
Trading Platforms
Trumid (2014, New York City, $110M)
Electronic trading marketplace for corporate bonds
Soonicorn. Stage: Series C
Deutsche, CreditEase, Delphi Financial Group and 2
Other Investors
Currenex (1999, New York City, $65.6M)
Institutional forex trading platform
Stage: Acquired
Shell Global, Barclays, Tennessee Community
Stockpile (2011, Palo Alto, $45M)
Fractional investment gift card
Eight Roads Ventures, Arbor Ventures, Mayfield and
5 Other Investors
TradeKing (2005, Fort Lauderdale, $33M)
Online stock and option broker
Stage: Acquired
Battery Ventures, OCA Ventures, Delta-v Capital and
1 Other Investors
Trading Platforms
Thinkorswim (1999, New York City, $27.5M)
Online trading platform.
Stage: Acquired
Technology Crossover Ventures, National Australia
Bank
Instinet (1969, New York City)
Brokerage and electronic trading services
Unicorn. Stage: Public
Silver Lake, TA Associates Management
iShares (2000, San Francisco)
ETF provider
Unicorn. Stage: Acquired
Tekla Capital Management
optionsXpress (2000, Chicago)
Online stock broker
Summit Partners

14
Securities Trading
Trading Platforms
Zerodha (2010, Bangalore)
Brokerage-free, flat rate per trade trading platform
for retail investors
Soonicorn. Stage: Unfunded
Datek Online Holdings Corp. (1996, New
York City)
Online brokerage & trading platform
Monitor Clipper Partners, Advent International,
Advent Morro Equity Partners and 1 Other
Investors
Hargreaves Lansdown (1981, Bristol)
UK based investment platform for private investors
Editor's Pick. Stage: Public
Arihant Capital (1992, Mumbai)
Online trading platform and broker
Stage: Public
CurrencyShares (2005, Rockville)
Currency ETFs
Stage: Public
Trading Platforms
Finansia Syrus Securities (2002, Bangkok)
Online securities broker
Stage: Public
OTC Markets Group (1997, New York City)
Financial Market to trade more than 10000 US and
global securities
Stage: Public
Plus500 (2008, London)
Online CFDs trading platform.
Stage: Acquired
Sino AG (1998, Dusseldorf)
Online broker for trading securities
Stage: Public
Geojit (1987, Kochi)
Online Share Trading Platform
Stage: Public
Matsui Securities (1918, Chiyoda-ku)
Online trading platform
Stage: Public
Trading Platforms
COL Financial (1999, Pasig)
Online Stock brokerage platform
Stage: Public
Daiwa Securities Group
ETF Securities (2003, London)
Issuer of Exchange Traded Products
Stage: Public
Susquehanna Growth Equity, FTVentures, Centana
Growth Partners and 2 Other Investors
ICAP (1986, London)
Provider of post trade risk and information services
Stage: Public
Interactive Brokers (1994, Greenwich)
Online forex trading platform provider
Stage: Public
Technology Crossover Ventures
InvestSMART (1999, Sydney)
Online research, investments and portfolio
management tools provider
Stage: Public

15
Securities Trading
Trading Platforms
Kotak Securities (1994, Mumbai)
Stock Broker and online trading platform
Stage: Public
MarketAxess Holdings (2000, New York City)
Trading platform for fixed income securities
Stage: Public
Technology Crossover Ventures, Allegis Capital,
Bregal Sagemount
NASD (1998, Lagos)
OTC trading platform for unlisted public company
securities
Stage: Public
NDA Securities (1992, Delhi)
Stock and commodity broking and share trading
services
Stage: Public
Seaport Securities (1979, New York City)
Trading and execution services provider
Stage: Public
Trading Platforms
TradeDirect (1999, Lausanne)
Trading platform and tools provider
Stage: Public
Tradeweb (1998, New York City)
Online markets for fixed income & derivatives
professionals.
Stage: Acquired
Algo Trading
Clone Algo Technologies (2001, Singapore)
AI based trading systems
Stage: Public
Empirica (2010, Wroclaw)
Algorithmic trading platform developer and vendor
Stage: Public
Portware (2000, New York City)
Automated trading software
Stage: Acquired
Long Ridge Equity Partners, Daher Capital

16
Securities Trading
Thematic Investing
Motif Investing (2010, San Mateo, $126M)
Thematic investment platform.
Soonicorn. Stage: Series E
Renren, Foundation Capital, Norwest Venture
Partners and 5 Other Investors
Social Trading
eToro (2007, Tel Aviv, $72.9M)
Social trading and investment marketplace
Soonicorn. Stage: Series D
CommerzVentures, Spark Capital, BRM Group and 8
Other Investors
Trading Enablers
Black Box Stocks (2011, Dallas, $1.5M)
Algorithmic-based trading tips provider
Stage: Public

17
Leonteq (2007, Zurich)
Products and Services provider for Structured
Products
Stage: Public
Flow Traders (2004, Amsterdam)
Principal trading firm and liquidity providers
Stage: Public
Summit Partners
Beeks Financial Cloud (2011, Glasgow)
Low latency service provider for financial
institutions
Stage: Public
First Derivatives (1996, Newry)
Provider of products and consulting services to the
capital markets industry
Stage: Public
Practice Management
Cloud based investment management platform.
FTV Capital, Kern Whelan Capital, Polaris Capital
and 1 Other Investors
FolioDynamix (2007, New York City, $16M)
Wealth management technology provider
Soonicorn. Stage: Acquired
Wellington Financial, ABS Capital Partners, Edison
Advent (1983, San Francisco)
Portfolio accounting software for investment
management firms
TPG
Broadridge Financial Solutions (1962, New
York City)
Provides investor communications and technology-
driven solutions for the financial services industry
Practice Management
Envestnet (1999, Chicago)
Technology-enabled wealth management solutions
provider.
Upfront Ventures, LMS Capital, Foundation Capital
SunGard (1982, Wayne)
Enterprise Software
GE Capital, Providence Equity Partners, AlpInvest
Misys (1979, London)
Software solutions provider focused on banking,
lending, treasury, capital markets, investment
management and enterprise risk.
Creathor Venture

18
Practice Management
Avelo (1994, Warwick)
Technology solutions provider to financial services
industry
Stage: Acquired
LDC
Excel Force (1994, Petaling Jaya)
Software solutions provider for financial brokers
Stage: Public
Fidelity Information Services (1968,
Jacksonville)
Technology, consulting and outsourcing solutions
provider for financial services.
Stage: Public
Thomas H Lee Partners, Swanlaab
IRESS (1993, Melbourne)
Tech solutions provider for financial markets,
wealth management and mortgage sectors
Stage: Public
Practice Management
Linedata (1998, Neuilly-sur-seine)
Global solutions and services provider for
Investment Management and the Credit
community.
Stage: Public
Ardian, Galileo Partners, Odyssee Venture and 2
Other Investors
N2N Connect (2000, Kuala Lumpur)
Software solutions for the Institutional investors
Stage: Public
OneVue (2012, Sydney)
Direct-to-client platform provider for fund
managers
Stage: Public
SEI (1968, Oaks)
Wealth management solutions for institutional
investors
Stage: Public
Credit Suisse, Capitala
Practice Management
SimCorp (1971, Copenhagen)
Investment management and portfolio management
software and services provider
Stage: Public
SS&C Technologies (1986, Windsor Locks)
Provider of investment and financial softwares to
financial industry
Stage: Public
Harmony Partners, TPG, The Carlyle Group and 1
Other Investors

19
Customer Management
Portfolio tracker for investors and advisors.
Valor Equity Partners, 8VC, Signature Capital and
21 Other Investors
Fenergo (2009, Dublin, $80.4M)
Client on-boarding lifecycle and compliance
management software
Soonicorn. Stage: Series A
Aquiline Capital Partners, Insight Venture Partners,
Investec
NexJ (2003, Toronto, $22.9M)
CRM for Financial, Insurance and Healthcare
Industry
Stage: Public
Netwealth (1999, Melbourne, $22.5M)
Portfolio management solutions for financial
advisors
Stage: Public
Dame Alison Carnwath, Julian Mash, David Peacock
Customer Management
eVestment (2000, Marietta, $19M)
Provider of institutional investment data
intelligence and analytic solutions.
Stage: Acquired
Silicon Valley Bank, Insight Venture Partners,
Salmon River Capital
BI-SAM (2000, Paris, $6M)
Market Risk Analytic and Portfolio Construction
Solutions.
Stage: Acquired
Alven Capital, Galileo Partners, Aquiline Capital
Partners
Clearwater Analytics (2003, Boise)
Investment accounting, compliance, performance
and risk management for institutional investors
WCAS, ARCC
Customer Management
RiskMetrics (1998, New York City)
Risk management and corporate governance
products provider
W Capital Partners, Spectrum Equity, Technology
Crossover Ventures and 3 Other Investors
EQS Group (2000, Munich)
International technology provider for Digital
Investor Relations
Cofunds (2001, London)
Portfolio management tool
Stage: Acquired
Praemium (2001, Melbourne)
Provider of investment platforms, portfolio
administration and CRM solutions
Stage: Public
Financial DNA (2001, Atlanta)
Online financial personality discovery platform
based on behavioral finance research
Stage: Public

20
Customer Management
GBST (1984, Brisbane)
Client accounting and securities transaction
technology solutions provider
Stage: Public
Issuer Direct (1988, Morrisville)
Disclosure management solutions and cloud-based
compliance technologies
Stage: Public
Multifonds (1995, Luxembourg)
Fund accounting, portfolio accounting and investor
servicing software
Stage: Acquired
Summit Partners
Pegasystems (1983, Cambridge)
Business process and CRM applications
Stage: Public
Sophis (1985, Dublin)
Investment Portfolio & Risk Management Software.
Stage: Acquired
Advent International
Customer Management
StatPro (1994, London)
Portfolio Management and Analytics Suite
Stage: Public
Trade Management
$110M)
Market level solutions based on Blockchain
Australian Securities Exchange, ABN AMRO Bank,
Accenture and 14 Other Investors
OpenGamma (2009, London, $40.3M)
Provides SaaS-based solutions for derivatives risk
analytics.
Japan Exchange Group, Accel Partners, Euclid
Opportunities and 3 Other Investors
Traiana (2000, Tel Aviv, $15M)
Pre- trade risk and post-trade processing
automation
Stage: Acquired
Evergreen Venture Partners, Gemini Israel
Ventures, Sequoia Capital and 7 Other Investors

21
Trade Management
Lombard Risk (1989, London, $14M)
Provider of regulatory reporting and collateral
management solutions to the financial services
industry.
Minicorn. Stage: Public
Merifin Capital
Cinnober (1997, Stockholm, $2.8M)
Software solutions for trading and clearing venues
Stage: Public
European Commission, Spiltan, Swedia Capital
63Moons (1988, Mumbai)
Trading technology solutions provider
Stage: Public
Barracuda FX (2009, Dublin)
Trading and risk management software provider
Stage: Public
ACT Venture Capital
Trade Management
FFastFill (1998, London)
Derivatives software and services provider to the
financial community
Stage: Public
Fidessa (1981, London)
Provider of trading, investment and information
solutions.
Stage: Public
IPC (1973, Jersey City)
End-to-end lifecycle tech solutions provider
Stage: Acquired
One Equity Partners
Risk & Compliance
Integrated Governance, Risk and Compliance
platform
EDBI, Goldman Sachs, Sageview Capital and 9 Other
Investors
Mitek (1985, San Diego)
Mobile Imaging based anti fraud & verification
Minicorn. Stage: Public
Harland Clarke, Laurus Capital Management
Canvas (2013, London)
Platform to create and launch ETFs
Stage: Acquired

22
Marketing
CashBackForex (2007, Cork)
Forex broker marketing services
Stage: Public
Data Management
SmartStream (1988, London)
Back end software provider for banks and FIs.
Stage: Acquired
TA Associates Management
Digital Currency Conversion
M-DAQ (2010, Singapore, $105M)
Multi currency trading platform on a cross-border
basis
EDBI, Alipay, Murano Corp and 4 Other Investors

23
Investment Platform
Real estate investment platform
Andreessen Horowitz, Ford Foundation, General
Catalyst Partners and 9 Other Investors
Equity crowdfunding platform for Israeli, US and
global early-growth stage startups
United Overseas Bank, Wolfpack Ventures, Maywic
Select Investments
Platform to buy and sell investments tied to the
cash flows of professional athlete
Kita Capital, Benchmark Capital
Investment Platform
RealtyShares (2013, Mountain View, $65.8M)
Crowdfunding for Real Estate
Cross Creek Advisors, Danhua Capital, Barry
Sternlicht and 8 Other Investors
Fundrise (2010, Washington D.C., $54.6M)
Guggenheim Partners, Renren, WestMill Capital and
2 Other Investors
CircleUp (2011, San Francisco, $53M)
Equity crowdfunding platform for consumer
products companies.
Collaborative Fund, Canaan Partners, QED
Investors and 11 Other Investors
Investment Platform
IAngels (2013, Tel Aviv, $50M)
Online equity crowdfunding platform for investing
in Israeli high-tech startups.
Thorney Investment Group, Star Farm Ventures,
NFX Guild and 1 Other Investors
Realty Mogul (2012, Los Angeles, $46.7M)
Online real estate equity and debt based
crowdfunding platform.
Sorenson Capital, Canaan Partners, Microsoft
Property Partner (2014, London, $32.6M)
Equity based crowdfunding platform for real estate
investments
Dawn Capital, Silicon Valley Bank, Index Ventures

24
Investment Platform
Crowdcube (2010, Exeter, $32.3M)
Equity and debt crowdfunding platform
Guanqun Investment, Balderton Capital, Draper
Esprit and 1 Other Investors
BitGold (2014, Toronto, $15.5M)
Platform for gold investment.
Stage: Public
Soros Brothers, PowerOne Capital Markets,
Sandstorm Gold
DomaCom (2011, Melbourne, $8M)
Fractional real estate investment and secondary
market.
Stage: Public
CoAssets (2013, Singapore, $736k)
Expara, MDA Singapore
Investment Platform
Real Estate Investar (2006, Gold Coast)
Real estate investment management and discovery
software provider
Stage: Public
Symbid (2011, Rotterdam)
Equity-based Crowdfunding
Stage: Public
Rhapsody Ventures, All Mobile Fund
eFront (1999, New York City)
Software for alternative investments and enterprise
risk management
Stage: Acquired
Odyssee Venture, Innovation Capital

25
Markit (2001, London, $750M)
Financial information services company.
Temasek, General Atlantic, Prime Ventures
Morningstar (1984, Chicago, $91M)
Investment research firm
SoftBank Group
TheMarkets (2000, New York City, $30M)
Aggregator of sell side research and earnings
estimate models
Stage: Acquired
Bank of America, Citigroup, Credit Suisse and 2
Other Investors
Chinesefn (1999, Aurora, $453k)
Financial information portal
Stage: Public
Kodiak Capital
Bloomberg (1981, New York City)
Media conglomerate with focus on financial data
FactSet (1978, Norwalk)
Financial Software & Data
Thomson Reuters (1800, New York City)
Enterprise solutions for financial, risk, legal, tax and
accounting
One Equity Partners
ADVFN (1999, London)
Stock & share information for private investors
Stage: Public
Arcontech Group (1979, London)
Real time financial market data
Stage: Public
CSIMarket (2013, Coral Springs)
Online portal for financial information and business
news
Stage: Public
SuperDerivatives (2000, Tel Aviv)
Cloud-based real time market data.
Stage: Acquired
Accel Partners, Mustang Mezzanine Fund, Viola
Group

26
Transactions Data
Dealogic (1983, London)
Technology, content, and support for IB
professionals
Stage: Acquired
The Carlyle Group
Financial Reports & Filings Data
AlphaSense (2008, San Francisco, $38.9M)
Web-based Financial and Company Search Engine
Tribeca Venture Partners, Triangle Peak Partners,
Vendep Capital
Research Platforms
Social media analytics
FJ Labs, Fidelity Investments, Wellington
Management and 24 Other Investors
Intelligent market research
Goldman Sachs, JPMorgan Chase & Co., Bank of
America Merrill Lynch and 15 Other Investors
The AIREX Market (2012, New York City,
$3.4M)
Marketplace for financial reports
Stage: Public
Senahill Partners
Interactive Data (1968, Bedford)
Provider of financial market data, analytics and
related solutions.
Stockwell Capital, Warburg Pincus

27
Research Platforms
Acuris (2000, London)
Financial news, intelligence and analysis platform
Soonicorn. Stage: Funded
BC Partners
CreditRiskMonitor (1999, Valley Cottage)
Financial risk analysis and news provider
Stage: Public
MediaSentiment (2006, San Francisco)
Aggregates news and information that affects value
of an investment
Stage: Public
MSCI (1961, New York City)
Provider of investment decision support tools
Stage: Public
QuoteMedia (1999, Fountain Hills)
Widgets provider for financial information and
stock quotes
Stage: Public
Research Platforms
What Investment (1982, London)
Online financial portal for investment tips and
market overview
Stage: Public
News & Events Platforms
The Street (1996, New York City, $15M)
Online portal for business news, market data and
stock analysis
Stage: Public
180 Degree Capital, Technology Crossover
Ventures, The New York Times and 1 Other
Investors
Dow Jones (1882, New York City)
Publishing and financial information company
Editor's Pick. Stage: Acquired
4-Traders (2009, Annecy)
Stock market quotes and news provider
Stage: Public
Bizportal (1995, Tel Aviv)
Israel's leading financial website
Stage: Public
Financial Times (1888, London)
Financial content publication.
Stage: Acquired
ManoCap

28
News & Events Platforms
World Business Press Online (2005,
Bratislava)
Financial and forex news provider
Stage: Public
Private Companies Data
PitchBook (2008, Seattle, $14.3M)
Private Equity & Venture Capital data
Morningstar
Education Tools
Finatext (2013, London)
Mobile-first financial literacy tools provider
Stage: Public
Investview (2005, Red Bank)
Platform that offers Investment tools and online
courses on Financial Education
Stage: Public

List of Notable Companies in Investment Tech in China
Notable Companies in the Sector in China
29
Investment Tech > Feed Summary > Notable Companies in the Sector in China
Public
Eastmoney
(2004, Shanghai)
WealthCraft
(2002, Hong Kong)
ChineseWorldNet
(2000, Hong Kong)
Shenzhen Door
Financial Technology
(2015, Shenzhen)
Ysstech
(2001, Shenzhen)
Jupai Holdings
(2010, Shanghai)
Unicorns
Futu5
(2010, Hong Kong, $216M)
Soonicorns
Jusfoun Big Data
(2010, Beijing, $153M)
Zhiniu8
(2005, Guangzhou, $150M)
Jinfuzi
(2012, Shenzhen, $60M)
Snowball Finance
(2011, Beijing, $53.2M)
G-Banker
(2014, Beijing, $45.8M)

Recent News in Investment Tech Sector
Recent News
30
Investment Tech > Feed Summary > Recent News
Jan 2018
Rich Uncles Acquires 162,714 SF Creative Office, Warehouse Space
in Arizona for $26.5M, REBusinessOnline
Jan 2018
Leading Real Estate Marketplace Roofstock Hits $1 Billion in
Transactions; Upsizes Series C Round to $42 Million, Business Wire
Jan 2018
Faclon Raises Seed Funding from Vish Sathappan, Sameer Sainani
on LetsVenture, BW Businessworld
Jan 2018
TerraProtein Equity Partners Opts for SatuitCRM® Software,
Business Wire
Jan 2018
GECKO Governance, Developer of the World’s First Blockchain
Solution for Financial Services Regulatory Compliance, Announces
US $1 Million Investment from COSIMO Ventures, Business Wire
Jan 2018
Sterling Trading Tech Named Preferred Trading Platform Provider
for COR Clearing Portfolio Margin Clients, PR Newswire
Jan 2018
Goldman Sachs, Wells Fargo and others invest $38 million in
research tech startup, Reuters
Jan 2018
Broadway Technology Caps Record Year of Global Expansion,
GlobeNewswire
Jan 2018
Retail Bankruptcies Take Toll on CMBS Lenders, Says Trepp,
Shopping Center Business
Jan 2018
AxiomSL Recruits James Babicz to Lead Canadian Operations; Opens
Toronto Office, Business Wire
Jan 2018
Appway Supports BCGE's Transition Towards Banking
Digitalization by Simplifying its Mortgage and Account Opening
Process, Bobsguide
Key Recent News Key Recent News
Jan 2018
Patrick Ward joins AxiomSL as Head of EMEA Business and
Partnership Strategy, Bobsguide
Jan 2018
GECKO Governance Announces US $1 Million Investment from
COSIMO Ventures, Citybizlist
Jan 2018
Alchemist Mining Applies for Listing on OTCQB Marketplace,
FSCWire
Jan 2018
Oanda named a trusted source of FX rates by the Canada Revenue
Agency, Bobsguide
Jan 2018
Line links up with Folio for an in-app investment management
portal, Mobile Marketing Magazine
Jan 2018 Eze Software Sees Strong Performance in 2017, Business Wire
Jan 2018
Axial Members Surpass $25 Billion in Closed Middle Market Deals,
Business Wire
Jan 2018 Liquidnet arms itself for Mifid II with latest hire, Financial News
Jan 2018 Thinknum is remixing data to create cool content, TechCrunch
Jan 2018
Identity Resolution Leader FullContact Acquires Mattermark,
Business Wire
Jan 2018
tZERO to Trade KODAKCoin on Future US Regulated Security Token
Trading Platform, chain-finance.com
Jan 2018
SpotOption Officially Stops All Binary Options Activity, Finance
Magnates
Jan 2018
InvestX rolls out growth equity fund that will accept digital
currency, PE Hub

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
31
Funding Trends
Median Deal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
Funding Funnel of the Sector
Top Investments and Investors
Investors in Unicorn club

Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
FoodTech
Dec 2017
Online Video
Dec 2017
Electric Vehicles
Dec 2017

$216M $231M
$970M
$847M
$1.2B
$1.5B
$1.3B
0
50
100
150
200
250
300
$0k
$200M
$400M
$600M
$800M
$1.B
$1.2B
$1.4B
$1.6B
2011 2012 2013 2014 2015 2016 2017
$ Funding
3 Year CAGR
6 Year CAGR
Investments ($M) and number of rounds in Investment Tech; 2011-2017
Global Funding Trends (1/2)
33
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Investment Tech > Investment Trends > Global Funding Trends
#Rounds
$Funding
34% $ Funding
15% $ Funding
11% # of Rounds
9% # of Rounds

55 68 95 135 138 117 65
26
21 34 74 77 78
87
13 11 16 20 27 20 23
2011 2012 2013 2014 2015 2016 2017
Seed Early Stage Late Stage
94
175
Total # of Rounds
$34M $52M $51M $88M $119M $116M $85M
$139M $110M
$272M
$423M $570M
$622M $630M
$42M $70M $647M $336M $500M $739M $559M
2011 2012 2013 2014 2015 2016 2017
Seed Early Stage Late Stage
$216M
$1.3B
Total $ Invested
$50M $24M
$705M
$406M
$713M
$942M
$831M
0
2
4
6
8
10
12
14
16
18
20
0
100000000
200000000
300000000
400000000
500000000
600000000
700000000
800000000
900000000
1E+09
2011 2012 2013 2014 2015 2016 2017
$ Funding # of Rounds
34
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded ClubMega Rounds
Global Funding Trends (2/2)
Investments ($M) and number of rounds in Investment Tech; 2011-2017
Investment Tech > Investment Trends > Global Funding Trends
54
58
76
103
122
91
65 569
$2.1M
$2.0M
$0.0M
$0.5M
$1.0M
$1.5M
$2.0M
$2.5M
$3.0M
$3.5M
$4.0M
0
100
200
300
400
500
600
2001-2011 2012 2013 2014 2015 2016 2017 Total
Entrants in Funding Club Avg. Ticket Size
1 7 11 16 17 18 $2.1M $1.4M $1.3M $1.4M $1.7M $2.7M $3.5M $2M2

Investment Tech > Investment Trends > Funding Trends by Geography
Investments ($M) and number of rounds in Investment Tech
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding # Rounds
New York City 2.2B 303
Bay Area 1.7B 183
London 1.6B 184
Chicago 241M 39
Boston 203M 42
Los Angeles 172M 24
Tel Aviv 162M 26
Singapore 153M 30
Toronto 133M 27
Jerusalem 133M 10
Total Funding
862
392
43
54
45
24
6
56
# Rounds
$5.5B
$2.1B
$332M
$210M
$159M
$67.7M
$54.3M
$41.4M
US
Europe
Israel
Canada
SEA
Australia
Japan
India
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$0.8 $0.9
$0.7 $0.8
$1.1 $1.3 $1.8
2011 2012 2013 2014 2015 2016 2017
$3.7 $3.3
$5.0 $5.1
$6.7 $6.5
$5.2
$13.3 $16.0
$13.1 $11.3
$14.8 $15.2
$19.7
$7.0 $9.9
$58.8
$24.0
$33.3
$46.2
$37.2
Investment Tech > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in Investment Tech; 2011-2017
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$5K* $11M
$50K $31M
$92K $80M
$50K $1B
$22M
$7M
$2.8M
$0.3M
Series C+
Series B
Series A
Seed
Stage

Note: 532 companies with undisclosed funding amount are not included
37
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
178
267
139
22
16
No. of Companies
Investment Tech > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in Investment Tech; as of Jan 2018
Distribution of companies by Funding Range
$65M
$934M
$3.B
$1.4B
$2.9B
$ Investment

Stage No. of Companies
Funding
Funnel
100%
29%
11%
5%
3%
38
Note: Numbers in the brackets show the count of companies
Time to raise
next round
107
178
404
1080
3704
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
29% 4%
(145)
3%
(116)
7%
(255)
7%
(276)
57%
(2093)
37% 9%
(102)
7%
(74)
11%
(124)
8%
(88)
43%
(464)
44% 12%
(50)
6%
(23)
13%
(53)
6%
(25)
37%
(148)
60% 23%
(41)
9%
(16)
15%
(27)
4%
(8)
20%
(36)
- 25%
(27)
7%
(8)
13%
(14)
6%
(6)
9%
(10)
Investment Tech > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in Investment Tech
Funding Funnel
15 Months
18 Months
19 Months
Investment backedBootstrapped
32
15
45
45
7
35
Soonicorns
Unicorns
Acquisitions
IPOs

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Investment Tech > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Investment Tech; Jan 2016-Jan 2018
Notable Investments in last 24 months (1/8)
LATE STAGE
$400M - PE May 2016
ION Trading (1998, London, $44M)
Software provider of trading, treasury and workflow
solutions.
The Carlyle Group
$140M - Series D Jun 2017
Portfolio tracker for investors and advisors.
Valor Equity Partners, 8VC
$110M - Series C Apr 2017
Zero commission trading app
DST Global, New Enterprise Associates, Index
Ventures, Ribbit Capital, Thrive Capital, Greenoaks
$72M - Series C Sep 2016
LATE STAGE
$65M - Series D Nov 2017
Integrated Governance, Risk and Compliance
platform
EDBI, Goldman Sachs, Sageview Capital, Clearlake
Capital
$65M - Series C Jun 2017
Andreessen Horowitz, Ford Foundation, General
Catalyst Partners, Goldman Sachs, Khosla Ventures,
Thrive Capital, Jim Breyer
$59.3M - PE Jul 2016
Platform to buy and sell investments tied to the cash
flows of professional athlete
$42M - PE May 2017
Broadway Technology (2003, New York City,
$42M)
Trading solutions for global banks and hedge funds
Long Ridge Equity Partners
LATE STAGE
$40M - PE Nov 2016
Just2Trade (1981, New York City, $40M)
Online trading platform with automated trade
process
FinSight Ventures
$35M - Series C Oct 2017
Roofstock (2015, Oakland, $68.3M)
Online marketplace for tenant-occupied rental
properties
Canvas Ventures, Bain Capital Ventures, Lightspeed
Venture Partners, Khosla Ventures, Nyca, QED
Investors, FJ Labs
$30M - Series C Jan 2018
NextCapital (1997, Chicago, $52M)
Platform for digital financial advise.
Oak HC/FT, Manulife Financial, Transamerica
Ventures, Vermont Center for Emerging
Technologies, Route 66 Ventures

LATE STAGE
Cross Creek Advisors, Danhua Capital, Barry
Sternlicht, Bow Capital, Union Square Ventures,
General Catalyst Partners, Menlo Ventures
$27.6M - Series C Jan 2017
$25M - Series C Nov 2016
Quantopian (2011, Boston, $48.8M)
Algorithmic trading platform & crowd-sourced
hedge fund
Andreessen Horowitz, Bessemer Venture Partners,
Khosla Ventures, Spark Capital, Point72 Ventures
LATE STAGE
$25M - PE Jul 2016
Potamus Trading (2012, Boston, $25M)
Online trading platform and brokerage services
provider
$20.5M - Series C Feb 2016
Xignite (2000, San Mateo, $36.9M)
Market data cloud solutions and API provider
QUICK, Startup Capital Ventures, StarVest Partners,
Altos Ventures Capital
$14M - Series C Aug 2016
Axial (2009, New York City, $33.5M)
Online network for investment professionals.
Edison Partners, Comcast Ventures, First Round
Capital, Redpoint Ventures
$13.3M - Series D Oct 2016
analytics.
Accel Partners, Euclid Opportunities
LATE STAGE
$12.5M - Series C Oct 2017
Bux (2013, Amsterdam)
Stock Trading App
Holtzbrinck Ventures, Velocity Capital Private
Equity, Arthur Kosten, Thierry Schaap
$10.4M - Series C Aug 2016
$10M - Series C Mar 2016
United Overseas Bank
$10M - Series C Jul 2017
Deutsche
Delphi Financial Group

LATE STAGE
$7.2M - Series C Jun 2016
$110M)
Australian Securities Exchange
$5.3M - Series C Jan 2016
Kurtosys (2002, London, $21.7M)
Digital marketing for asset managers
$2M - Series C Jul 2016
StockTwits (2008, San Diego, $13.3M)
Communication platform for the trading and
investment community
Social Leverage
$1.1M - Series C Jul 2017
Guanqun Investment
$152k - Series C Jan 2017
LATE STAGE
Series D Feb 2017
analytics.
Japan Exchange Group
Series C Mar 2017
CreditEase
EARLY STAGE
$60M - Series B Jan 2016
$110M)
ABN AMRO Bank, Accenture, Australian Securities
Exchange, BNP Paribas, Broadridge Financial
Solutions, Citigroup, CME Group, Deutsche,
JPMorgan, Santander InnoVentures, DTCC, PNC
Financial Services Group, IBM, Euclid Opportunities,
Goldman Sachs
Goldman Sachs, Founders Fund, Thrive Capital, Ford
Foundation, Khosla Ventures
$50M - Series B Feb 2017
Intelligent market research
Goldman Sachs, JPMorgan Chase & Co., Bank of
America Merrill Lynch, Morgan Stanley, Citigroup,
Wells Fargo, S&P Global, Breyer Capital, General
Catalyst Partners

EARLY STAGE
$47M - Series B Dec 2017
Aspiration (2013, Los Angeles, $67M)
Money management platform
Omidyar Network, Allen & Company, Alpha Edison,
AGO Partners, Capricorn, REYL, Tom Unterman,
Brian Weinstein , Deborah Chase Hopkins, Orlando
Bloom, Doc Rivers, SOCIAL IMPACT FINANCE
$40M - Series B Oct 2017
$110M)
Tier1CRM (2008, Toronto, $34M)
CRM solutions for the banking and financial services
industry
Wavecrest Growth, MassMutual Ventures, Salesforce
$33M - Series A Mar 2016
AlphaSense (2008, San Francisco, $38.9M)
Web-based Financial and Company Search Engine
Tribeca Venture Partners, Triangle Peak Partners
EARLY STAGE
AdvisorEngine (Vanare) (2014, New York City,
$59.3M)
Wealth management platform for financial advisors
WisdomTree
$30M - Series B Sep 2017
Stockpile (2011, Palo Alto, $45M)
Fractional investment gift card
Eight Roads Ventures, Arbor Ventures, Mayfield
$30M - Series A Oct 2016
Cloud9 Technologies (2013, New York City,
$30M)
Cloud-based communication platform for traders
and trading communities
JPMorgan, ICAP, Barclays, Point72 Ventures
$25M - Series B Jul 2017
Capital (2016, Limassol, $25M)
CFD trading mobile app
VP Capital
EARLY STAGE
$22.6M - Series B Mar 2016
Property Partner (2014, London, $32.6M)
Equity based crowdfunding platform for real estate
investments
Dawn Capital, Silicon Valley Bank, Index Ventures,
Octopus Ventures
$21.2M - Series B May 2017
Additiv (1998, Zurich, $21.2M)
Digital solution provider for FIs and banks
BZ Bank Aktiengesellschaft
$21.1M - Series B Nov 2017
DriveWealth (2012, Chatham, $30.8M)
Investment app and Brokerage API provider
$20M - Series B Nov 2016
properties
Lightspeed Venture Partners, Khosla Ventures, Bain
Capital Ventures, QED Investors, SV Angel, Nyca

EARLY STAGE
$20M - Series B Feb 2016
Union Square Ventures, General Catalyst Partners,
Menlo Ventures
$20M - Series A Nov 2016
$59.3M)
WisdomTree
$20M - Series A Oct 2016
Riskalyze (2011, Auburn, $23.5M)
Tool for measurement of client risk tolerance
FTV Capital
$20M - Series A Nov 2017
Behavox (2014, London, $21.6M)
Employee surveillance system
Citigroup, Index Ventures
EARLY STAGE
$18M - Series A Dec 2016
Axoni (2016, New York City, $20M)
Blockchain solutions for capital markets
Wells Fargo, Euclid Opportunities, Goldman Sachs,
JPMorgan, Thomson Reuters, FPrime Capital
Partners, Andreessen Horowitz, Digital Currency
Group, FinTech Collective
$15M - Series B Aug 2016
$14M - Series B Mar 2016
Thorney Investment Group
$13.4M - Series B Oct 2017
Seedrs (2009, London, $38.8M)
Equity crowdfunding platform
Woodford Investment Management
EARLY STAGE
$12M - Series B Sep 2016
Quandl (2011, Toronto, $20.2M)
Marketplace for all the numerical data available in
the world.
Nexus Venture Partners, August Capital
PitchBook (2008, Seattle, $14.3M)
Private Equity & Venture Capital data
Morningstar
$9.3M - Series A Oct 2017
BrickVest (2014, London, $14.2M)
Berlin Hyp
$7.3M - Series B Mar 2016
Mattermark (2013, San Francisco, $16.8M)
Lead generation platform for M&A deals
Foundry Group

EARLY STAGE
$5.8M - Series B Jun 2016
Tracxn (2013, Bangalore, $11M)
Market intelligence platform for private market
investing
Prime Venture Partners, Accel Partners, Sequoia
Capital, SAIF Partners, Amit Ranjan, Amit Singhal
$5.1M - Series A Aug 2016
Seedinvest (2012, New York City, $9.3M)
Equity Crowdfunding Platform
$5M - Series A Apr 2017
$59.3M)
WisdomTree
$4.7M - Series A Feb 2016
Landbay (2013, London, $11.4M)
P2P lending platform for residential mortgage
investments.
EARLY STAGE
$4.5M - Series A Jun 2017
DealCloud (2010, Charlotte, $10.1M)
Workflow management tools for Alternative
investment industry.
Cultivation Capital, Hamilton Lane
$4M - Series A Feb 2016
Upstox (2009, Mumbai, $4M)
Online retail brokerage firm
Kalaari Capital, GVK, Ratan Tata
$3.9M - Series B Sep 2016
AltX (2012, San Francisco, $24.2M)
Data analytics and monitoring platform for hedge
fund investments
$3.9M - Series A Jun 2016
Smart Angels (2012, Paris, $6M)
Invests in Europe
Groupe Financiere Duval, Elaia Partners, Idinvest
Partners
EARLY STAGE
$3.1M - Series A Aug 2017
Landbay (2013, London, $11.4M)
P2P lending platform for residential mortgage
investments.
$3M - Series B Apr 2017
$2.7M - Series B Nov 2017
Heckyl Technologies (2010, Mumbai, $7.5M)
Real time financial information & news analytics for
markets & businesses
Notion, IDG Ventures India
$2M - Series B May 2016
$1.7M - Series B Oct 2016
Realty Mogul (2012, Los Angeles, $46.7M)
Online real estate equity and debt based
crowdfunding platform.

EARLY STAGE
$1.6M - Series A Nov 2017
Crowdfunder (2012, Los Angeles, $6.5M)
Business crowdfunding platform
Crowdcube
$1.5M - Series B Aug 2017
$1.4M - Series A Apr 2016
$800k - Series A Dec 2017
Patch of Land (2013, Los Angeles, $25.6M)
P2P real estate crowdfunding platform.
$400k - Series A Mar 2017
StartEngine (2014, Los Angeles, $5.9M)
Crowdfunding platform for accredited as well as
non-accredited investors
$50k - Series B Oct 2017
Oanda (1995, San Francisco, $117M)
Internet-based forex trading and currency
information services
EARLY STAGE
Series B Jun 2017
properties
German Ventures
Series B Apr 2017
Street Contxt (2012, Toronto, $15M)
Financial Communications Platform
Joe Lonsdale, Point72 Ventures, Palm Drive Capital,
Portag3 Ventures
Series B Jan 2017
Street Contxt (2012, Toronto, $15M)
Financial Communications Platform
Portag3 Ventures
Series A May 2016
Axoni (2016, New York City, $20M)
Blockchain solutions for capital markets
Citigroup
Series A Nov 2017
SEED STAGE
$14.6M - Equity Crowdfunding Feb 2016
Fundrise (2010, Washington D.C., $54.6M)
$7.5M - Seed Jun 2016
Overbond (2015, Toronto, $7.5M)
Bond issuance platform for corporates and
governments
Morrison Financial
$4.4M - Equity Crowdfunding May 2016
Syndicate Room (2012, Cambridge, $6.2M)
Equity Crowdfunding platform for investing in
startups.
$3.5M - Seed Feb 2016
$59.3M)
$2.5M - Angel Mar 2017
Jean-Romain Lhomme

SEED STAGE
$1.6M - Seed May 2016
Propellr (2013, New York City, $1.6M)
An online platform for investing in alternative
investment assets.
$1.5M - Angel Feb 2016
Tracxn (2013, Bangalore, $11M)
Market intelligence platform for private market
investing
Venture Highway, Beenext, Venky Harinarayan,
3one4 Capital, Teruhide Sato, Nandan Nilekani,
Ratan Tata, Mohandas Pai, Neeraj Arora, Anand
Rajaraman, Aneesh Reddy, Rahul Mehta, Yuri
Milner, Aashish Bhinde, Gaurav Deepak, Herb
Madan, Krishna Kolluri, Girish Mathrubootham
$1.4M - Equity Crowdfunding Jun 2016
Invesdor (2012, Helsinki, $2.9M)
Nordic equity-based crowdfunding platform
$1.4M - Seed Nov 2017
Asoko Insight (2014, London, $2.7M)
Database for African private companies.
North Base Media, CRE Venture Capital
SEED STAGE
$1.3M - Equity Crowdfunding Jun 2016
FundedByMe (2010, Stockholm, $2.9M)
Online equity-based and loan-based crowdfunding
platform.
FundedByMe
$1.2M - Seed Sep 2017
Property Moose (2013, London, $2.7M)
An equity-based crowdfunding platform for project
developers and investors.
RCP
$633k - Seed Feb 2016
Property Moose (2013, London, $2.7M)
An equity-based crowdfunding platform for project
developers and investors.
The North West Fund
$392k - Seed Feb 2016
$59.3M)
SEED STAGE
Angel Feb 2017
Mika Ihamuotila
Seed Oct 2017
Musha Ventures
Seed Apr 2016
Singularity Investments

Investment Tech > Investment Trends > Notable Investments in last 24 months in China
Notable Investments in last 24 months in China
LATE STAGE
$150M - Series C Mar 2016
Zhiniu8 (2005, Guangzhou, $150M)
Live stocks tracking tool
YY
Futu5 (2010, Hong Kong, $216M)
Online trading services for investments in securities
Tencent, Sequoia Capital, Matrix Partners China
$35M - PE Jun 2016
Suntime2003 (2003, Shanghai, $35M)
Financial data provider
Ant Financial
$29M - Series C May 2017
G-Banker (2014, Beijing, $45.8M)
O2O platform for investing in gold
SB China Capital
Series C Oct 2016
Jusfoun Big Data (2010, Beijing, $153M)
Big data platform for enterprises
LATE STAGE
Series C Sep 2016
Jinfuzi (2012, Shenzhen, $60M)
Online platform to buy financial securities and
wealth management products
Jiangsu Huaxi Group, China Merchants Capital
Series C Aug 2016
G-Banker (2014, Beijing, $45.8M)
O2O platform for investing in gold
SB China Capital
EARLY STAGE
$30.6M - Series B Sep 2017
Zhuaqianmao (2014, Hangzhou, $37.2M)
Financial investment platform
$29.4M - Series A Jul 2017
Hai Rong (2014, Hangzhou, $29.4M)
Platform to invest in wealth management products
Tiger Broker (2014, Beijing, $54.5M)
Online brokerage & trading platform to invest in US
& Hong Kong exchanges
CITIC, ZhenFund, K2VC
IT Juzi (2013, Beijing, $31.2M)
Chinese startups database
$18.5M - Series B Apr 2016
Huoqiu (2014, Beijing, $18.6M)
Securtized debt investment platform

Most Active Investors (VC, PE) by Stage in Investment Tech; Last 5 years (Jan 2013-Jan 2018)
Most Active VC & PE Investors
48
Investment Tech > Investment Trends > Most Active VC & PE Investors
SEED STAGE
Green Visor Capital (5 Investments)
Wefunder, CrowdStreet, WealthMinder
1
SixThirty(5 Investments)
BondIT, New Constructs, CFX Markets
2
Seedcamp(4 Investments)
Property Partner, Zercatto, Edgefolio
3
Andreessen Horowitz (3 Investments)
Robinhood, Mattermark, RealCrowd
4
East Ventures(3 Investments)
AlgoMerchant, StockRadars, Asbet
5
General Catalyst Partners (3 Investments)
Kensho, RealtyShares, RealCrowd
6
Illuminate Financial (3 Investments)
AxeTrading, TickSmith, TransFICC
7
New Enterprise Associates(3 Investments)
Kensho, Mattermark, Prattle Analytics
8
Accel Partners (2 Investments)
Kensho, LetsVenture
9
Club Italia Investimenti 2 (2 Investments)
Euklid, Crowdway
10
EARLY STAGE
Euclid Opportunities(4 Investments)
Digital Asset Holdings, Axoni, OpenFin
1
Illuminate Financial (4 Investments)
ChartIQ, Regtek Solutions, CloudMargin
2
Sequoia Capital (4 Investments)
Stockpile, SmartKarma, Spaceship
3
Canaan Partners(3 Investments)
Realty Mogul, CircleUp, Direct Match
4
Index Ventures(3 Investments)
Property Partner, Behavox, Credit Benchmark
5
Khosla Ventures(3 Investments)
Quantopian, Cadre, Roofstock
6
Nyca (3 Investments)
Roofstock, OpenFin, Artivest
7
Route 66 Ventures (3 Investments)
NextCapital, DriveWealth, Mirror
8
SV Angel (3 Investments)
CrunchBase, AngelList, Roofstock
9
Accel Partners (2 Investments)
Calastone, Tracxn
10
LATE STAGE
Andreessen Horowitz (2 Investments)
Quantopian, Cadre
1
Bain Capital Ventures(2 Investments)
IEX, Novus
2
EDBI (2 Investments)
Metric Stream, M-DAQ
3
Edison Partners(2 Investments)
Axial, OptionsCity
4
FJ Labs (2 Investments)
Dataminr, Roofstock
5
Insight Venture Partners (2 Investments)
Fenergo, Vela Trading Technologies
6
8VC
Addepar
7
Accelerate-IT Ventures
Addepar
8
Amicus Capital Partners
YCharts
9
Augmentum Capital
Interactive Investor
10

Investment Tech > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in Investment Tech; Last 5 years (Jan 2013-Jan 2018)
Most Active Ecosystem Investors
INCUBATOR
500 Startups(26 Investments)
RealtyShares, Mattermark, AngelList
1
Senahill Partners(11 Investments)
Axial, Trumid, Market Realist
2
Techstars(10 Investments)
Realty Mogul, TradingView, DataSine
3
Y Combinator(9 Investments)
Mattermark, Wefunder, RealCrowd
4
H2 Ventures(6 Investments)
Simply Wall St., Equitise, Macrovue
5
Rainmatter Technology(4 Investments)
TradeLab, Streak, Neotrade Analytics
6
Barclays Accelerator(3 Investments)
Origin, Stockfuse, Market IQ
7
Blue Startups(3 Investments)
Contix, Nest Egg Guru, BrandCrowder
8
Boost VC(3 Investments)
Mirror, Globevestor, Factury
9
The FinLab(3 Investments)
TransFICC, Hellogold, Bond Linc
10
OTHER NOTABLE INVESTORS
Startupbootcamp(25 Investments)
BondIT, DealCircle, Fuelup
1
Level39(13 Investments)
Behavox, cityFALCON, Huddlestock Capital
2
Goldman Sachs(10 Investments)
Metric Stream, Motif Investing, Dataminr
3
Citigroup(7 Investments)
Kensho, AcadiaSoft, Digital Asset Holdings
4
Technology Crossover Ventures(7
Investments)
Dough, Envestnet, RiskMetrics
5
The Carlyle Group(6 Investments)
ION Trading, SS&C Technologies, Dealogic
6
Credit Suisse(6 Investments)
Dataminr, iCapital Network, Accern
7
Deutsche(6 Investments)
Digital Asset Holdings, Trumid, Regtek Solutions
8
FTV Capital(6 Investments)
InvestCloud, Riskalyze, ETF Securities
9
JPMorgan(6 Investments)
Digital Asset Holdings, Axoni, OpenFin
10
DEBT INVESTORS
Western Technology Investment(7
Investments)
Addepar, Mantara, Traiana
1
Silicon Valley Bank(4 Investments)
eToro, Property Partner, Grow
2
MMV Financial(2 Investments)
Integral, HNW
3
Wellington Financial(2 Investments)
Pivot, FINCAD
4
MidCap Financial
Advicent Solutions
5
The North West Fund
Property Moose
6

Investment Tech > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (1/6)

Investment Tech > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
57
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
Top Markets of Investment Activity
Top Markets of Early Stage Investors
Other Notable Markets
Market Deep Dive

Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Remittance
Jan 2018
Consumer Finance
Dec 2017
Alternative Lending
Dec 2017

Cumulative funding in the market
Funding data excludes Debt, Grants & Post-IPO rounds. Excludes all details for Chinese companies
For any Feedback and Query reach out to MyAnalyst@tracxn.com
Feed Report - Investment Tech - Jan 201859 Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.
January 2018Tracxn BlueBox – Investment Tech
Investment Tech > Market Details > BlueBox

Key Sub Sectors
60
Key Sub Sectors in Investment Tech
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Companies providing office solutions for financial firms
FXall (2000, New York City, Acquired)
957 331 $2.8B
Securities Trading
Platforms allowing or enabling trading securities on exchanges or OTC
Currenex (1999, New York City, Acquired)
1181 277 $2.2B
Companies providing access to financial data and research
Markit (2001, London, Acquired)
839 228 $1.8B
Solutions enabling investment in alternative asset classes
SecondMarket (2004, New York City,
Acquired)
723 243 $1.5B
Investment Tech > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/12)
61
Investment Tech > Market Details > Detailed Sector Taxonomy

62

63

64

65

66

67

68

69

70

71

72

Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(-)
Private Market Investing > Investment Platform > Private Equity >
Crowdfunding
Companies providing crowdfunding platforms to invest in equity of private companies
(Companies covered 137 | Funded 60 | Total Funding $387M)
$167M
(-$2.2M)
35
(-22)
OurCrowd
(2012, Jerusalem, $113M)
2
(+1)
Securities Trading > Trading Platforms > OTC > Fixed Income
Platforms for trading in fixed income instruments
$80.1M
(-$209k)
14
(+4)
Trumid
3
(+9)
Mid & Back Office Solutions > Practice Management > Asset Managers
Companies providing practice solutions for asset managers
$91.7M
(+$29.9M)
10
(+6)
AdvisorEngine (Vanare)
4
(+2)
Mid & Back Office Solutions > Trade Management > Trade Lifecycle Management
Companies providing solutions covering the complete trade lifecycle management
$447M
(+$404M)
7
(+1)
ION Trading
(1998, London, $44M)
5
(+4)
Mid & Back Office Solutions > Practice Management
Companies providing complete practice solutions for financial institutions
$67.7M
(+$42.9M)
10
(+4)
NextCapital
(1997, Chicago, $52M)
6
(-2)
Mid & Back Office Solutions > Customer Management > Portfolio Management >
Portfolio Analytics
Companies providing solutions to perform portfolio analytics
$164M
(+$103M)
6
(-5)
Addepar
(2009, Mountain View, $206M)
7
(+7)
Mid & Back Office Solutions > Trade Management > Technology
Companies providing technology solutions for trade related activities
$125M
(+$118M)
6
(+3)
Digital Asset Holdings
73
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets of Investment Activity (1/3)
Top Markets by Funding in Investment Tech in last 2 years (January 2016 - December 2017)
Investment Tech > Market Details > Top Markets of Investment Activity

Rank Market # Investments Key Investments
1
Securities Trading > Thematic Investing
Platforms providing theme-based investment options
(Companies created 18 | Funded 11 | Total Funding $151M )
1 Spaceship (2016, Sydney, $19.5M)
2
Private Market Investing > Investment Platform > Real Estate > Marketplace
Companies providing a marketplace to buy and sell real estate properties
(Companies created 9 | Funded 4 | Total Funding $90.3M )
1 Roofstock (2015, Oakland, $68.3M)
3
Mid & Back Office Solutions > Risk & Compliance > Risk Management > Fraud
Companies providing solutions to detect and manage fraud
1 Behavox (2014, London, $21.6M)
4
Mid & Back Office Solutions > Trade Management > Trade Related Activities > Post
Trade
Companies providing solutions to manage post trade activities
(Companies created 9 | Funded 2 | Total Funding $29M )
1 Axoni (2016, New York City, $20M)
5
Financial Data & Research > Research Platforms > Crowdsourced
Platforms providing crowdsourced research financial data
1 SmartKarma (2014, Singapore, $21M)
6
Financial Data & Research > Private Companies Data > In-House
Companies using in-house resources for aggregating private companies data
1 Tracxn (2013, Bangalore, $11M)
Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer
Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures
76
Top Markets of Early Stage Investors (1/2)
Top Markets where Early Stage Investors are investing in last 2 years (January 2016 - December 2017)
Investment Tech > Market Details > Top Markets of Early Stage Investors

Top Markets of Early Stage Investors (2/2)
Investment Tech > Market Details > Top Markets of Early Stage Investors

Incubators Y Combinator (#2), 500 Startups (#2)
Seed Tank Stream Ventures (#2), Digital Prophets (#1)
Series A/B
Woodford Investment Management (#1), Augmentum
Capital (#1)
Series C+ United Overseas Bank (#1), Guanqun Investment (#1)
Symbid Dec - 2016
IPO'd
$75k - Seed
InvestX (2013, Vancouver, $5.4M)
$1.6M - Series A
Crowdfunder (2012, Los Angeles,
$6.5M)
Series A
Crowdfunder (2012, Los Angeles,
$6.5M)
Series A
NetCapital Systems (2014, Boston)
$13.4M - Series B
$400k - Seed
Eureeca (2011, Dubai, $800k)
$1.1M - Series C
$1.8M - Seed
Emeradaco (2016, Chiyoda-ku, $1.8M)
$400k - Series A
Series A
NetCapital Systems (2014, Boston)
Angel
Jan 2018
InvestX rolls out growth equity fund that will accept digital
currency, PE Hub
Jan 2018
Crowd2Fund launches £30m fundraise,
bridgingandcommercial.co.uk
Jan 2018
San Ramon Strategy and Representation Firm Wins
Prestigious Award, PR Newswire
Jan 2018
Austrian job search startup Firstbird raises €2 million,
Tech.eu
Jan 2018
First equity crowdfunding campaign raises $500000 in 18
hours for digital banking startup Xinja, SmartCompany
Jan 2018
UK-Based Insurtech Honcho Completes Crowdcube Round
With Nearly £850,000 in Funding, Crowdfund Insider
Jan 2018
Card processing company launches crowdfunding drive,
Insider Media
Jan 2018 OurCrowd Launches $100M Cognitiv Fund, ReadITQuik
Jan 2018
Finexio, the Smart B2B Payment Network, Completes $4M
Series A Financing, Newswire
Jan 2018
Y Combinator-backed Chat API startup SendBird raises USD
16 M led by Shasta Ventures, AllTechAsia
Jan 2018 Two SyndicateRoom funds open for business, AltFi
Jan 2018
Finland-based Bitcoin broker Prasos raised €2.5 million on
the Invesdor crowdfunding platform, EU-Startups
Jan 2018
PullRequest Receives $2.3M by Google Ventures, FinTech
Reporter
Jan 2018
AngelMD Investor Group Closes Funding Round in Articulus
Bio, LLC, OrthoSpineNews
News
0
5
10
15
20
25
30
35
40
$0k
$20M
$40M
$60M
$80M
$100M
$120M
$140M
$160M
2014 2015 2016 2017 2018
YoY Funding Rounds
1
4
20
60
137
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Private Market Investing > Investment Platform > Private Equity > Crowdfunding: Market Factsheet
Market: Crowdfunding
78
Exits
Most Active Investors
Recent Investments
YoY Funding and Rounds
Companies providing
crowdfunding platforms to invest
in equity of private companies
OurCrowd
(2012, Jerusalem, $113M)
CircleUp
(2011, San Francisco, $53M)
IAngels
(2013, Tel Aviv, $50M)
Seedrs
(2009, London, $38.8M)
Top Companies
#1 Top Markets of Investment Activity
Investment Tech > Market Details > Market: Crowdfunding
Companies Created 137 | Funded 60 | Total Funding $387M

Private Market Investing > Investment Platform > Private Equity > Crowdfunding: Top Companies
Market: Crowdfunding (1/2)
Analyst’s Pick
United Overseas Bank, Wolfpack Ventures, Maywic
Select Investments
CircleUp (2011, San Francisco, $53M)
Equity crowdfunding platform for consumer
products companies.
Collaborative Fund, Canaan Partners, QED
Investors and 11 Other Investors
Thorney Investment Group, Star Farm Ventures,
NFX Guild, Rhodium
Analyst’s Pick
Equity crowdfunding platform
Minicorn. Stage: Series B
Woodford Investment Management, Augmentum
Capital, AFT Holdings and 9 Other Investors
Guanqun Investment, Balderton Capital, Draper
Esprit, Numis Securities
Seedinvest (2012, New York City, $9.3M)
Equity Crowdfunding Platform
Minicorn. Stage: Series A
Great Oaks Venture Capital, Krillion Ventures, Scout
Crowdcube, Bridge 37 Ventures, Capital Nuts and 9
Other Investors
Analyst’s Pick
Syndicate Room (2012, Cambridge, $6.2M)
Equity Crowdfunding platform for investing in
startups.
Minicorn. Stage: Funded
Martlet Angel, Assembly Capital Advisors
Smart Angels (2012, Paris, $6M)
Invests in Europe
Groupe Financiere Duval, Elaia Partners, Idinvest
Crowdfunding platform for accredited as well as
non-accredited investors
BAM Ventures
Crowd2Fund (2014, London, $3.8M)
Equity as well as debt crowdfunding platform
Editor's Pick. Stage: Series A

Private Market Investing > Investment Platform > Private Equity > Crowdfunding: Top Companies
Market: Crowdfunding (2/2)
Analyst’s Pick
FundedByMe (2010, Stockholm, $2.9M)
Online equity-based and loan-based crowdfunding
platform.
Minicorn. Stage: Seed
FundedByMe, Link Ventures, Aggregate Media and
2 Other Investors
Mika Ihamuotila, Taaleritehdas
EquityNet (2005, Fayetteville, $2.1M)
Equity based crowdfunding platform
Editor's Pick. Stage: Funded
Proton Enterprises

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
81
Private Market Investing > Investment Platform > Private Equity > Crowdfunding: Leaderboard
Market: Crowdfunding
Better than Market Average
Overall
Rating
Company
Name
Foun
ded
Year
Location Stage Funding Team
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 StartEngine 2014 Los Angeles Series A $6M - 4 - - 28 72k 25k 303k 876 -15k -17% 3 - - -
5.0 Onevest 2014
New York
City
Series A $5M - 2 - - 5 1.5M 5.2k 750 16 161k 13% - - 53 1%
4.9 Crowdo 2012 Singapore Seed $500K - 4 - - 3 1.3M 480 3k 23 -21k -2% 14 135% -4 -1%
4.9 Smart Angels 2012 Paris Series A $6M - - - 4 1 733k 6.4k - - 341k 75% - - 296 5%
4.8 Anaxago 2012 Paris Series A $2M - - - 4 - 785k 6.2k - - 416k 113% - - 186 3%
4.8 OurCrowd 2012 Jerusalem Series C $113M - 4 - - 100 378k 9.4k 3k 22 -13k -3% - - 125 1%
4.8 Yinc 2015 Seoul Unfunded - - 4 - - - 2.7M - 3k 14 - - 2 11% - -
4.7 Equinvest 2014 Rome Seed $170K - - - 4 1 2.6M 918 - - 3M 342% - - 288 45%
4.7 Angels Den 2007 London Series A $1M - - - 4 5 717k 15k - - 109k 16% - - - -
4.6
Syndicate
Room
2012 Cambridge Funded $6M - - - 4 25 354k 4.7k - - -42k -10% - - 288 7%
4.6 Equitise 2014 Sydney Seed $2M - - - 4 6 1.1M 1.8k - - - - - - 8 -
4.6 Crowdinvest 2015 Lucknow Unfunded - - - - 4 1 2.6M 18k - - 386k 16% - - 4.5k 31%
4.5 Wefunder 2011
San
Francisco
Series A $12M - - - - 18 104k 5.9k - - 28k 36% - - 248 4%
4.5 Crowdcube 2010 Exeter Series C $32M - - - - 146 44k 42k - - -9k -16% - - 2.5k 6%
4.4 Seedrs 2009 London Series B $39M - - - - 97 56k 30k - - -8k -12% - - 1.9k 6%

Incubators Y Combinator (#1), 500 Startups (#1)
Seed Lakestar (#1)
Series A/B Shumway Capital (#1), S&P Global (#1)
Series C+ Deutsche (#2), CreditEase (#1)
None
Series A
Algomi (2012, London, $10M)
Series A
DealVector (2011, Sausalito)
$10M - Series C
$700k - Seed
BondCliq (2016, New York City, $700k)
$10M - Series A
OpenDoor Trading (2015, Jersey
City, $22M)
$1.2M - Seed
wiseAlpha (2015, London, $1.8M)
Series C
$10M - Series A
Algomi (2012, London, $10M)
Seed
Factury (2015, New York City)
$27.6M - Series C
$10M - Series A
OpenDoor Trading (2015, Jersey
City, $22M)
Dec 2017
OpenDoor Appoints Former AQR Trading Head as Managing
Director, PR Newswire
Dec 2017
Charles River and Trumid Partnership Brings Greater
Efficiency to Corporate Bond Trading , Citybizlist
Nov 2017
Trumid Doubles Daily Trade Volumes Year-Over-Year,
PRWeb
Oct 2017
Bond trading startup Algomi says business back on track
after losses, Business Insider
Sep 2017
Bud partners with WiseAlpha to add senior secured and high
yield bond investments to their platform, Angel News
Newsletter
Sep 2017
S&P Global Teams Up with London Fintech Firm Algomi,
Takes Minority Ownership, Finance Magnates
Aug 2017
WiseAlpha opens up corporate bond market for investors,
AltFi
Jul 2017
Deutsche Börse announces strategic investment and
partnership with Trumid, Bobsguide
Jun 2017
WiseAlpha Nears £1M on Crowdcube Campaign, Crowdfund
Insider
May 2017 Trumid buys Electronifie, Finextra
Apr 2017
OpenDoor re-boots US treasury market with dedicated all-
to-all trading platform, Automated Trader
Mar 2017
CreditEase Fintech Investment Fund Announces New
Investments in Global Growth, Yahoo
Mar 2017 Factory Raises €1M in Seed Funding, FinSMEs
News
0
2
4
6
8
10
12
$0k
$10M
$20M
$30M
$40M
$50M
$60M
$70M
2014 2015 2016 2017 2018
YoY Funding Rounds
-
2
8
13
16
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Securities Trading > Trading Platforms > OTC > Fixed Income: Market Factsheet
Market: Fixed Income
82
Exits
Recent Investments
Platforms for trading in fixed
income instruments
Trumid
OpenDoor Trading
(2015, Jersey City, $22M)
Algomi
(2012, London, $10M)
Direct Match
Top Companies
Investment Tech > Market Details > Market: Fixed Income

Securities Trading > Trading Platforms > OTC > Fixed Income: Top Companies
Analyst’s Pick
Deutsche, CreditEase, Delphi Financial Group and 2
Other Investors
DealVector (2011, Sausalito)
Fixed income asset registry & identity-protected
communication platform
Editor's Pick. Stage: Series A
Tradeweb

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
84
Securities Trading > Trading Platforms > OTC > Fixed Income: Leaderboard
Better than Market Average
Overall
Rating
Company
Name
Foun
ded
Year
Location Stage Funding Team
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 Trumid 2014
New York
City
Series C $110M - - - 4 11 3.3M - - - 103k 3% - - - -
4.6 Algomi 2012 London Series A $10M - - - - 8 2.7M 1.3k - - 457k 21% - - 95 8%
4.2 DealVector 2011 Sausalito Series A - - - - 4 1 7.5M 94 - - - - - - 11 12%
3.8 wiseAlpha 2015 London Seed $2M - - - - 5 669k 924 - - - - - - - -
3.5 Electronifie 2013
New York
City
Acquired $6M - - - - 2 10M 400 - - - - - - -3 -1%
3.1 Direct Match 2014
New York
City
Series A $9M - - - - - 9.3M 3 - - - - - - 1 22%
2.7 Bonds 2009
New York
City
Acquired - - - - - - 10M 261 - - - - - - 2 1%
2.3 BondCliq 2016
New York
City
Seed $700K - - - 4 1 9.7M 70 - - - - - - -2 -4%
1.9 Firstwire 2015 Cologne Unfunded - - - - 3 - 10M 73 - - - - - - 11 15%
1.5 DebtMarket 2006 Alamo Acquired $4M - - - - - 10M - - - - - - - - -
1.2 MTS Markets 1988
San
Francisco
Unfunded - - - - - 1 3.1M 38 - - 935k 50% - - 4 11%
0.8
OpenDoor
Trading
2015 Jersey City Series A $22M - - - - 6 10M - - - - - - - - -
0.4 Factury 2015
New York
City
Seed - - - - - 1 2.8M - - - -5.4M -69% - - - -

Incubators
Seed Innovation Works (#1), Ardian (#1)
Series A/B Edison Partners (#2), Kern Whelan Capital (#1)
Series C+ FTV Capital (#1), NewSpring Capital (#1)
FolioDynamix Jan - 2018
Acq by Envestnet for $166M
Advent Jul - 2015
Acq by SS&C Technologies for $2.6B
Avelo Sep - 2013
Acq by IRESS for $328M
SS&C Technologies Apr - 2010
IPO'd
Broadridge Financial Solutions
Mar - 2007
IPO'd
$30M - Series B
AdvisorEngine (Vanare) (2014, New
York City, $59.3M)
$1.5M - Angel
BetterTradeOff (2015, Singapore,
$1.5M)
PE
Avaloq (1991, Zurich)
$6.1M - Series A
Evolute (2016, Zurich, $6.1M)
$5M - Series A
AdvisorEngine (Vanare) (2014, New
York City, $59.3M)
$152k - Series C
InvestCloud (2010, Beverly Hills,
$78.7M)
Jan 2018 Eze Software Sees Strong Performance in 2017, Business Wire
Jan 2018 Australia’s ME Bank turns to FIS for cards platform, Verdict
Jan 2018
Broadridge hires new exec to lead its international efforts,
Finextra
Jan 2018
Trizic Partners with Apex Clearing to Deliver New Digital
Advice Platform, PRWeb
Jan 2018 Avaloq CEO Strengthens His Board, finews.com
Jan 2018
Windsor's SS&C Technologies to buy Missouri firm for $5.4B,
Hartford Business Journal
Jan 2018
Avaloq Extends Global Leadership Team and Organisation,
Financial IT
Jan 2018
SS&C GlobeOp Hedge Fund Performance Index: December
performance 0.84%; Capital Movement Index: January net
flows decline 1.35%, PR Newswire
Jan 2018 SS&C could acquire DST Systems, Seeking Alpha
Jan 2018
Wedbush Futures joins FIS Derivatives Utility, Automated
Trader
Jan 2018
Fintech firm Avaloq’s chairman streamlines his role to focus
on China expansion and possible listing, South China Morning
Post
Jan 2018
Envestnet Completes Acquisition of FolioDynamix,
PressReleasePoint
Jan 2018
Broadridge Completes Acquisition of Morningstar's 15(c)
Board Consulting Services, Citybizlist
Jan 2018 INDATA Obtains SOC2 and SSAE18 Accreditations, Bobsguide
News
0
1
2
3
4
5
6
7
$0k
$10M
$20M
$30M
$40M
$50M
$60M
$70M
2014 2015 2016 2017 2018
YoY Funding Rounds
9
6
15
29
76
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Mid & Back Office Solutions > Practice Management > Asset Managers: Market Factsheet
Market: Asset Managers
85
Exits
Recent Investments
Companies providing practice
solutions for asset managers
InvestCloud
(2010, Beverly Hills, $78.7M)
AdvisorEngine (Vanare)
Scivantage
(2000, Jersey City, $34.7M)
FolioDynamix
Jemstep
(2008, Los Altos, $15M)
Top Companies
Investment Tech > Market Details > Market: Asset Managers

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