- Data visualization investment research platform company Koyfin announced recently that it raised $3 million in funding
Koyfin, a data visualization investment research platform company, announced it raised $3 million from Craft Ventures, Atreides Management and Valor Equity Partners with participation from Social Leverage and other existing investors. Koyfin launched in 2018 and already has 10,000 investors actively using its platform.
Typically, advanced research tools cost $10,000 – $25,000 per year thus making them out of reach for most market participants. And many investors make investment decisions with limited access to rudimentary financial data and functionality offered by mass-market financial websites and online brokers.
“Today’s professional tools for researching stocks and market trends are complex and expensive. Our mission is to give all investors powerful analytics and professional-grade data to make informed investment decisions,” said Koyfin CEO Rob Koyfman.
Using advanced data visualization and charting, Koyfin offers easy and intuitive access to data-focused on stocks, company fundamentals, ETFs, mutual funds, government bonds, and economic data.
The platform was designed to help investors turn data into actionable information about market trends. And Koyfin’s web app is currently free with a premium tier release planned for early 2020.
“For an early-stage startup, Koyfin has strong traction and wide buzz in the investor community,” added Howard Lindzon, Managing Partner of Social Leverage. “This validates that investors want powerful analytical tools that are accessible and easy to use.”
With this round of funding, Koyfin’s new funding will accelerate the build-out of its product and accelerate the company’s already strong user adoption.
Koyfin’s user base of 10,000 investors doubled in the last 6 months, which is split 50/50 between professional investors and individuals. Koyfin is used at major financial firms like Goldman Sachs, Barclays, BlackRock, and Franklin Templeton.
