Street Contxt, a Toronto, Canada-based fintech company, raised a funding round of undisclosed amount.
The round, which brought total funding raised to date to USD$15m, was led by existing investor Joe Lonsdale of 8VC, with participation from Point72 Ventures, the early-stage venture capital strategy of Point72 Asset Management, Palm Drive Capital, Portag3 Ventures LP, and other unnamed funds and industry veterans.
The company will use the funds to further develop its buy side offering, currently live in private beta with select clients, with a full launch scheduled for mid-2017.
Led by Blair Livingston, CEO, Street Contxt enables sell side brokerages, independent research firms and institutional investors to distribute and manage all forms of content and analysis, including formal research, macro commentary, and content distributed from the sales and trading desk. Using proprietary, smart data technology and machine learning, the company’s platform aims to enable capital markets participants to build relationships by matching the right people with the right content and resources in order to eliminate overload, improve engagement and increase cost-effectiveness.