Total amount raised
$3 Millions
Latest funding date
08/01/2021
Location
Koyfin has successfully raised funding through multiple rounds, backed by a diverse group of investors. The platform offers sophisticated investment research tools designed to help users make informed financial decisions.
Keep reading to explore the intricacies of Koyfin's fundraising journey and the investors backing this innovative platform.
What Is Koyfin?
Koyfin, founded on January 25, 2016, is a New York-based company specializing in developing sophisticated investment research tools. The platform is designed to help investors gain insights into market trends and make informed decisions.
The company was founded by Rich Meatto and Rob Koyfman. Koyfin offers a range of features, including live market data, customizable dashboards, and advanced graphing tools, all aimed at providing comprehensive financial data analysis.
With a team of 11-50 employees, Koyfin continues to innovate in the financial data and analytics space, making high-quality investment research tools accessible to a broader audience.
How Much Funding Has Koyfin Raised?
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: August 1, 2021
- Lead Investors: TRAC Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand its market reach.
- Seed Round
- Amount Raised: $3M
- Date: September 24, 2019
- Lead Investors: Craft Ventures, Atreides Management, Valor Equity Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product functionality and grow the user base.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: March 1, 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial product development and market entry.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: November 11, 2016
- Lead Investors: FinTech Sandbox
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To gain access to essential resources and support for early-stage growth.
Total Amount Raised: $3M
Current Valuation: Not publicly disclosed
Key Investors
- Craft Ventures
- Details: Craft Ventures is a venture capital firm that invests in early-stage and growth-stage companies. The firm is known for its hands-on approach and deep operational expertise.
- Investment Focus Areas: Technology, SaaS, consumer internet
- Notable Investments: Airbnb, Slack, SpaceX
- Atreides Management
- Details: Atreides Management is an investment firm that focuses on both public and private market investments. The firm aims to identify high-growth opportunities across various sectors.
- Investment Focus Areas: Technology, consumer, healthcare
- Notable Investments: DraftKings, Peloton
- Valor Equity Partners
- Details: Valor Equity Partners is a private equity firm that invests in high-growth companies. The firm is known for its strategic support and long-term partnership approach.
- Investment Focus Areas: Technology, consumer, industrial
- Notable Investments: Tesla, SpaceX
- Social Leverage
- Details: Social Leverage is a venture capital firm that invests in early-stage technology companies. The firm leverages its extensive network to support portfolio companies.
- Investment Focus Areas: Fintech, SaaS, consumer internet
- Notable Investments: Robinhood, Rally Rd
- TRAC Ventures
- Details: TRAC Ventures is an investment firm that has shown interest in innovative startups. The firm focuses on providing strategic guidance and capital to early-stage companies.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
What's Next for Koyfin?
As Koyfin looks to the future, the opportunities are vast. The platform aims to expand its user base by offering a freemium model, targeting both professional and individual investors. With the financial data and analytics market valued at billions annually, Koyfin's cost-effective solutions stand to capture a significant share.
Future fundraising efforts are likely, especially as Koyfin plans to introduce premium tiers and double its user base. This growth could attract further investment, enabling the company to enhance its product offerings and scale operations. However, challenges such as competing with established players and maintaining a balance between free and premium services remain.
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