Quantopian Raises $6.7M Series A From Khosla Ventures and Spark Capital
Quantopian is a startup that is considered the “world’s first browser-based algorithmic trading platform.” The company has announced today that they have raised $6.7 million in Series A funding from Khosla Ventures and existing investor Spark Capital.
Quantopian has raised a total of $8.8 million thus far. The new round of funding will be used for enhancing their cloud-based platform and to fuel growth.
Quantopian give investors access to their data science through a robust platform for creating algorithms. The company uses over a decade’s worth of trading data for backtesting.
“Systematic and automated investing is where the entire financial industry is heading, and the quants in our community are at the front of the wave,” stated Quantopian founder and CEO John ‘Fawce’ Fawcett. “Our community today is learning and using the tools that every investor will soon want.”