GeoQuant, a New York City-based creator of a platform for measuring political risk in real time, closed a $4M seed funding round.
The round was led by Aleph and XL Innovate. In conjunction with the funding, Michael Eisenberg, Equal Partner at Aleph VC, and Martha Notaras, Partner at XL Innovate, will be joining the GeoQuant board.
The company intends to use the funds to continue developing its flagship software product, expand coverage areas and offerings, and grow its client base.
Co-founded by Mark Rosenberg, PhD, a Berkeley-trained political scientist and former Director Eurasia Group, and Dor Kelman, a computer engineer with deep experience in fast-growth Israeli startups, who was previously lead engineer and first hire at Crossrider PLC, GeoQuant leverages political with computer science to address current inefficiencies in the field of measuring political risk for investors, executives and other business decision makers.
Its patent-pending software is designed to scrape the web for large volumes of reputable data, news and social media content. This data is then enhanced by an in-house team of political scientists and regional experts, generating daily country scores and other high-frequency indicators that allow for benchmarking and pricing of political risks around the world.
The company’s first hire is Ross Schaap, PhD, former long-time head of Comparative Analytics at Eurasia Group, who now lead the Data & Analytics team.