Credit Benchmark, a New York- and London, UK-based provider of credit analytics solutions, raised $7m in funding.
The round was led by Index Ventures, Balderton Capital, Communitas Capital and a group of private investors that includes former Goldman Sachs Vice Chairman and co-CEO of Goldman Sachs International Michael Sherwood. In conjunction with the funding, Sherwood will join Credit Benchmark’s board of directors.
The company intends to use the funds to expand its offerings and scale its contributed data model.
Founded in 2012 and led by William Haney, CEO, Credit Benchmark is a financial data analytics company offering credit risk assessments of the world’s leading financial institutions. The company offers an objective and dynamic measure of risk that reflects the aggregated views of multiple financial institutions that have direct exposure to the underlying entities. Its coverage includes a sizable and granular universe of tens of thousands of unrated entities where no market-accepted credit metrics exist today.
Additionally, Credit Benchmark is developing new technology and research capabilities that will expand its analytics product offerings for banks, asset managers, and insurers. It will also continue to expand its team following the recent appointments of industry veterans William Haney as CEO and Nicholas Pastoressa as Chief Product and Technology Officer.