Exabel, an Oslo, Norway-based Al, analytics and data platform for investment teams, closed a $9m fourth seed funding.
AWC (formerly Awilhelmsen Capital Holdings) made the investment, which brought total capital raised to over $21M. As part of the round, AWC will make a direct investment of $6M and provide a further $3m in a flexible debt facility at the company’s option.
The company intends to use the funds to continue to grow operations in London and NYC and make marketing efforts.
Led by Neil Chapman, CEO, Exabel provides a SaaS-delivered platform for investment professionals who want to use modern data science in their existing investment process including fundamental, market, proprietary and alternative data.