Novus Receives New Investment

Novus, a New York-based provider of a distributed technology platform for the financial industry, received an investment of undisclosed amount.

Backers included Bain Capital Ventures and Index Ventures.

The company intends to use the funds to invest in its technical infrastructure, analytical platform and people across technology, data and finance.

Founded in 2007 by Basil Qunibi, CEO, Novus provides hedge funds, sovereign wealth funds, endowments, pensions and other institutional investors with a platform that collects data from both public and private sources to give access to insight into portfolio holdings, exposures, attribution and risk at any complexity level – from multi-manager portfolios to single manager funds and position-level analytics.

The company currently employs about 100 people globally.



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