Fintech Spotlight: Alt-Data Platform Quiver Quantitative Closes $525,000 Seed Round
Summary
Quiver Quantitative, an alternative data platform for retail investors, formally announced the closure of a $525,000 seed round led by Wisconsin’s Idea Fund of La Crosse. What Happened: A popular term amongst investment professionals, alternative data allows investors insight into the performance of an asset, outside of traditional sources like company and SEC filings, press releases, and the like. Founded by James and Christopher Kardatzke -- as part of a vision to democratize access to insights not already dissected by Wall Street -- Quiver scrapes the internet for data, and unpacks it via an easy-to-use web dashboard. “Hedge funds spend over a billion dollars every year on alternative data, but it has historically been prohibitively expensive for non-professional investors,” CEO James Kardatzke told Benzinga. In further leveling the playing field for investors, Quiver has been hard at work adding data and functionality.