Atom Finance, a US-based investment-research platform developer, has secured $10.6m in series A funding from a consortium including internet company Mail.ru.
Venture capital firm General Catalyst led the round, which included Greenoaks Capital, Global Founders Capital, Untitled Investments and angel investors Lachy Groom, Lee Fixel, Zach Weinberg and Nat Turner.
Founded in 2018, Atom has built an online platform that offers users access to the level of information and resources utilised by institutional investors when making their decisions.
Eric Shoykhet, Atom’s founder and chief executive, said: “Right now investors are stuck between researching via overpriced, clunky institutional platforms or through low quality retail investor websites.
“We believe there is an opportunity to build a best-in-class investment research platform that caters to both sophisticated professionals and the mass market.”
More than 80,000 users have signed up for the beta version of Atom’s product and the funding will allow it to hire more engineering, growth, marketing and operational staff. The startup said it has now raised $12.5m altogether, without giving details of its earlier financing.
Image courtesy of Atom Finance.
