Neudata, a London, UK-based fintech startup, secured a new US$600k financing.
Backers included previous and new investors.
The company intends to use the funds to continue developing its existing product offerings, while creating new services.
Led by Rado Lipuš, Founder and CEO, Neudata provides a platform for quantitative and fundamental investment managers to discover and select data sources and for alternative data providers to get free access to a network of hedge funds, asset managers and pension funds, to monetize their data.
The company, which has offices in New York City and Geneva, does not sell data but instead charges a subscription fee to fund managers for access to the intelligence database.