ETFbook, a leading data and analytics platform specializing in the ETF market, announced today the successful closing of a €4 million Series A funding round led by BlackFin Capital Partners.
ETFbook provides a comprehensive data and analytics platform accessible through a user-friendly web application and robust APIs. Headquartered in Zurich with a presence in key European financial hubs including London, Paris, Frankfurt, Amsterdam, and Dublin, ETFbook has demonstrated strong growth since its launch in mid-2020, now engaging with a diverse client base of 35+ leading institutional clients.
“We are very pleased to announce BlackFin Capital Partners as our first external investor,” declared Pawel Janus, Ph.D., Co-founder and CEO of ETFbook. “This investment will accelerate the execution of our ambitious product roadmap and geographic expansion strategy, enabling ETFbook to better serve the ever-evolving data & analytics needs in the thriving ETF markets, globally.”
ETFs reach a new high in 2024 with continued innovation
In 2024, the ETF industry achieved unprecedented success, attracting $1.9 trillion in net inflows and surpassing $15 trillion in assets under management (AUM). This rapid growth confirmed ETFs as the dominant force in asset management.
This period of explosive growth also witnessed significant innovation within the industry. Notable developments included the launch of the first Bitcoin ETF, which marked a major milestone in the cryptocurrency space. Additionally, a growing number of active managers embraced the ETF wrapper to offer their strategies to a broader investor base.
“The ETF market is poised for continued growth, particularly among wealth and retail investors. With over 40 new ETFs launched weekly and significant flows dynamic across all asset classes, market participants require a centralized tool to navigate and understand evolving investment trends. ETFbook’s experienced team has developed a comprehensive platform that should be a valuable addition to every investor’s toolkit,” states Arnaud Llinas, ETF Industry expert and ex Head of Amundi ETFs and Lyxor ETFs, who advised and co-invested with BlackFin Capital Partners.
Navigating the Ever-Evolving ETF Landscape
To effectively navigate this market evolving at breakneck speed, ETF eco-system and investment professionals require access to comprehensive, up-to-date, actionable data and analytics to make informed and strategic decisions.
Use cases span a wide range, including new product analysis, fund flows analysis, performance comparisons across ETFs tracking similar indices, liquidity analysis from on & off-exchange trading volumes. With the increasing sophistication of newly launched products like Active ETFs or Digital Assets ETPs, ETFbook provides solutions to support portfolio composition files production that enable the listing of those new ETF issuers’ products. Given the market’s innovative drive forward, ETFbook has already started embedding AI capabilities to its offering to automate internal workflows and produce more predictive insights for its clients.
“As a finance-focused investor, we observe daily the strong tailwinds propelling forward the whole ETF industry” states Romain Grimal, Sr. Investment Manager at BlackFin Capital Partners. “We have been impressed by the robustness of ETFbook’s platform as well as its founding team’s execution capabilities. ETFbook provides an answer to the needs of all stakeholders involved. We share Pawel and Bartlomiej’s vision and are thus delighted to lead ETFbook’s Series A funding round to support them in becoming the leading source of truth for the ETF market.”
A global ambition: becoming the leading data platform for all ETF market participants
The recent funding round will fuel ETFbook’s further expansion as the company will seek to attract top talents across the organization from product development, through data science, all the way to sales and marketing. This will serve to enhance platform capabilities, notably drawing on the latest AI advancement, expand data coverage and ignite faster growth, especially as ETFbook prepares for a US market entry already later this year.
Read the orginal article: https://ffnews.com/newsarticle/funding/etfbook-raises-a-e4-million-series-a-led-by-blackfin-capital-partners-to-develop-the-next-gen-etf-data-and-analytics-platform-globally/
