Quiver Quantitative, a Madison, WI-based provider of investment research tools to retail investors, raised $2M in funding.
The round was led by Allos Ventures, with participation from M25, Bascom Ventures, Lancaster Investments, Connetic Ventures, WARF, and the Idea Fund of La Crosse.
The company intends to use the funds to accelerate retail user growth, bring new proprietary datasets to its platform, and add advanced backtesting and analytics capabilities on top of their existing offerings.
Led by CEO James Kardatzke, Quiver Quantitative scrapes alternative stock data from across the internet and aggregates it in a platform designed to be used by non-professional investors. Quiver allows these retail investors to tap into big data, and have access to the same resources that are being used to drive investment decisions on Wall Street. The API allows algorithmic traders and enterprises to build directly on top of Quiver’s underlying data feeds, and is currently used by several leading financial institutions and enterprises.
The company’s solution also enables financial services companies to integrate Quiver datasets into their own products, leading to partnerships with companies such as Roundhill Investments, Seeking Alpha, and TrendSpider.
Since launching in 2020, Quiver has grown to over 300,000 registered users.