Quantopian, a Boston, MA-based algorithmic trading platform, raised $6.7m in Series A financing.
Backers in the round, which brings the total funding to date to $8.8m, included Khosla Ventures and existing investor Spark Capital.
The company intends to use the capital to enhance its platform and accelerate growth.
Led by John ‘Fawce’ Fawcett, founder and chief executive officer, and former Thomson Reuters executive Jessica Stauth, vice president of quant strategy, Quantopian is a browser-based platform which gives investors access to the tools, capabilities and community they need to create and optimize their own trading algorithms in an open and transparent environment, and then put those algorithms to work in the live market. In the community, people can discuss concepts, processes and performance and learn from peers and experts.
FinSMEs
02/10/2013