US-based financial markets analytics software startup DV01 has secured $7.5m in a seed round featuring diversified holding company Leucadia National Corporation, Quantum Strategic Partners and Pivot Investment Partners.
Founded in 2015, DV01 has developed an analytics and reporting platform for lending markets, using data aggregated from online lenders such as Lending Club, Prosper and CommonBond to help investors study loan performances and trends in portfolios.
The company will use the funding to grow its engineering team and launch a portfolio management software system for marketplace loans.
Perry Rahbar, chief executive of DV01, said: “Our mission is to bring a higher degree of transparency to lending markets.
“We take data out of archaic databases and transform it into something flexible and dynamic. As an impartial party, we deliver an unbiased view that benefits all market participants: borrowers, lenders and investors.”