IMatchative Inc., a San Francisco, CA-based company that uses science and technology to help investors and funds find investments, raised $20m in Series B funding.
Lead investors include Wells Fargo & Company, Control Empresarial de Capitales, S.A. de C.V., controlled by Carlos Slim, David Bonderman, founding partner of TPG Capital, and Andy Redleaf, the CEO of Whitebox, which are providing the majority of the capital. Jeff Ubben, founder of Value Act Capital, led the Series A round and also invested in this round.
The company intends to use the funds for the continued development and adoption of AltX.
Led by CEO Sam Hocking, IMatchative provides AltX, a data analytics platform and marketplace for capital introduction in the global alternative asset class space.
AltX uses a combination of big data, intelligent analytics, behavioral science, and matching algorithms to assess the risk tolerance, investment goals and preferences of investors in the fund selection process. It also enables hedge funds to gain insights into the motivations and perceptions that shape investors’ decision-making processes.