Trendrating Raises $1M in Seed Financing

trendrating-logo1Trendrating, a London and New York-based provider of proven market and portfolio analytics to global investment managers, raised $1m in seed financing.

Backers included New York based Angelic Ventures, a family office headed by former Thomson Reuters CEO, Tom Glocer, who is also Chairman of the Trendrating Advisory Board, with participation from a group of European angel investors.

The company intends to use the funds to expand sales operations in London and New York.

Led by CEO Rocco Pellegrinelli,┬áTrendrating develops portfolio analysis tools for professional investors. The company’s multi-factor model has been tested over 25 years on 500,000+ time series covering 20,000 Stocks, Currencies, Indices and ETFs.┬áTrendrating issues Grades to assess the direction and quality of medium-long term price trends for Equities, Indices, Sectors, ETFs and Currencies and filters out price swings and false moves to identify true underlying trends.

FinSMEs

01/07/2014

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