Lumesis, a Stamford, CT-based financial technology company that is dedicated to delivering timely data and analytical tools for the fixed income marketplace, has raised $2.5m in Series A financing.
The round was led by Safeguard Scientifics, Inc. (NYSE: SFE), which injected $2.2m, with participation from NextStage Capital and angel investor Jim Ashton, Managing Partner at JA3Partners.
The company intends to use the funding for product development and commercialization, as well as sales and marketing.
Co-Founded by CEO Gregg Bienstock, and President and COO Tim Stevens, Lumesis provides a platform of comprehensive economic and demographic data to help municipal fixed income professionals identify risks in their portfolio, recognize opportunities in the market, and enhance decision-making.
Through DIVER (Demographic Information Visualization for Economic Research) and a CDM (Continuing Disclosure Management) service, the company offers a web-based research tool that allows portfolio managers, credit analysts, risk managers, investment bankers, academia and other industry professionals to evaluate their portfolios or a single CUSIP (Committee on Uniform Securities Identification Procedures) number against an aggregated database of demographic and economic indicators providing insights into the underlying financial health of an issuer.