Visible Alpha, a NYC-based investment research technology firm, secured an additional $38m in equity financing.
The round was led by Goldman Sachs (NYSE: GS) with participation from Banco Santander through its VC arm, Santander InnoVentures, Exane BNP Paribas, Macquarie Group, Royal Bank of Canada and Wells Fargo, and existing investors Bank of America, Citi, Jefferies, Morgan Stanley and UBS.
The company will use the funds to accelerate product growth and global expansion.
Led by Scott Rosen, CEO, Visible Alpha combines advanced data technology, a secure distribution network and analytical tools to provides asset managers, covering both investment professionals and administrators, with a comprehensive workflow solution with tools for discovery, analysis and valuation.
The company’s growth has been driven by increased demand among the world’s largest financial institutions and the active participation of over 450 research providers.
Visible Alpha has more than 350 employees globally.