AlphaSense, provider of the AlphaSense search engine for financial professionals, has secured USD 33 million in growth capital from several international investors, including Tribeca Venture Partners, Triangle Peak Partners and Quantum Strategic Partners, a private investment fund managed by Soros Fund Management LLC. As part of this financing round, Vendep Startup Fund made its third investment in the company. AlphaSense will use the new capital for product advancement and for accelerating its growth in serving its core investment research and corporate intelligence markets, as well as its expansion into new market verticals.
AlphaSense launched its service in 2011 and today serves more than 400 investment firms, banks and corporations globally. The service provides intelligent search and alerting capability that leverages sophisticated natural language processing and search technology that streamlines finding and tracking the most relevant information, which helps users to save time and make quicker and more informed decisions.
Vendep Startup Fund made its first investment in AlphaSense in 2013, and Vendep’s founder and chairman Hannu Kytölä was the first angel investor in the company in 2009. He has also been a board member since 2010.
“When I first met the founders of AlphaSense, I was impressed by their ambitious vision and a clear plan, which they have very successfully executed ever since. We are happy to see that AlphaSense has now secured the support of excellent international investors, which will enable the company to step up its growth and its expansion into new markets,” says Hannu Kytölä.
”I am grateful to Hannu for believing in our business idea from the start, and for always being an entrepreneur friendly investor and a valuable sparring partner. Over the years, Vendep has also helped us in finding early sources for financing,” Jack Kokko, CEO and co-founder of AlphaSense says.
Hannu Kytölä, Founder and Chairman, Vendep Oy, +358 50 544 7162, email@example.com
AlphaSense in brief
AlphaSense provides a revolutionary search engine for knowledge professionals. Our clients include many of the world’s largest investment and advisory firms, global banks and corporations. The AlphaSense subscription service makes our clients dramatically more productive and allows them to discover critical data points and trends that others miss, providing them with an information edge. AlphaSense users can rapidly search and discover key data points, while also tracking impactful new information with intelligent alerts. AlphaSense was recently recognized among the Forbes Fintech 50.
Vendep Startup Fund in brief
Vendep Startup Fund invests in startups building web-based and mobile services for B2B customers and aiming for strong international growth. Founded in September 2013, the EUR 5 million capital in the fund has been raised from Finnish private investors and Tekes Venture Capital. The fund may make investments alone or as part of a syndicate. The maximum size of an investment for the Fund in a single company is EUR 500,000. www.vendep.com
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