DemystData, a NYC-based external data marketplace, closed $12.5m in growth funding.
The round was co-led by MissionOG and Notion Capital with participation from Singtel Innov8.
The company plans to use the funding to further accelerate its data onboarding, invest in data platform development, and grow its product and client teams.
Led by Mark Hookey, founder and CEO, DemystData provides an external data marketplace for data scientists to tap into alternate data. The company’s Labs and Live products enable rapid data evaluation and use in partnership with leading data providers.
The company, which has offices in New York, Singapore, Hong Kong, and Melbourne, launched its API based external data platform in 2018, and has seen rapid adoption by data teams at financial institutions who are deploying better growth, risk, and compliance workflows.