Bloomberg Beta, the corporate venturing arm of media group Bloomberg, has participated in a $27m funding round for US-based data science technology developer Domino that was led by investment firm Coatue Management.
Venture capital firm Sequoia Capital and data analytics-focused VC fund Zetta Venture Partners also participated in the round
Founded in 2013, Domino is developing a data science platform that acts as a system of record and collaboration hub for quantitative research. Coatue elected to lead the round after using Domino’s system to identify investments.
The funding will support the strengthening of San Francisco-headquartered Domino’s engineering capabilities as it looks to expand the features of its product along with its marketing and expand its reach into New York and London.
The round was disclosed only five months after Domino raised $10.5m in a round led by Sequoia Capital that included Bloomberg Beta, Zetta Venture Partners and In-Q-Tel, the investment vehicle for the US intelligence community.
Bloomberg Beta, Zetta and In-Q-Tel had previously supplied $3.1m in funding for the company in 2015.