Benzinga, a Detroit and New York-based originator of actionable financial insights and data from the financial community, raised $3m in funding.
Backers included WorldQuant Ventures, Dan Gilbert, Founding Partner of Detroit Venture Partners, Stuart Robbins, former Managing Director of Global Equities for DLJ, Joshua Levine, senior advisor at Kita Capital, and Brad Keywell and Eric Lefkofsky, founders of Lightbank, as well as other strategic investors.
The company intends to use the funds to expand its original market-moving content and data service infrastructure, expand its teams with salespeople, data scientists, editorial staff and developers (http://jobs.benzinga.com).
Led by CEO Jason Raznick, Benzinga is an originator of actionable financial insights for traders and investors. Its news desk constantly breaks stories through Benzinga Pro, a real-time terminal and data feed product.
The original content is syndicated to 70 partner websites, such as Yahoo! Finance and MSN.
The client list includes TD Ameritrade, Morningstar, TradeKing, and more.