Our investment in RavenPack, the big data platform used by 70% of the world’s leading hedge funds

Draper Esprit
Mar 21, 2017 · 2 min read

The financial services industry relies just as much on tech as tech companies themselves. A third of Goldman Sachs’ workforce are developers, making them a bigger employer of engineers than Facebook. While much technology is built in-house, now and then you meet an exciting company which has managed to build a product which outperforms internal solutions and which significantly alter the way investors work.

Big data has become a catch all phrase. But one of the unintended consequence of its proliferation is that everyone is capturing everything; banks, hedge funds and asset managers have become data hoarders and increasingly difficult to create value out of the data as they drown in unstructured data. Yet markets are also uncertain and emotionally driven, acquiring and finding patterns in that data is key if investors want to maintain an edge.

It’s for that reason that we’re excited to announce today that we are investing $5 million into RavenPack, the big data analytics provider for financial services. With very little funding, and no previous institutional investment, the team working out of Marbella, London and New York, have built one of the world’s leading data analytics platform. They can now count 70% of the world’s leading hedge funds as their clients. As the Vice Chairman of the Wolfe Research and Wall Street’s top- ranked quantitative analysts put it, “RavenPack has become a vital source of information for quantitative investors.”

The RavenPack team

Today the company also hit another milestone in their lifetime, launching their product as a self-service platform. This will enable investors across the spectrum to curate their own sentiment analysis on specific stocks. The new platform will monitor market- moving events, and can quickly surface insights by combining a wide variety of data sets, including stock prices, geopolitical events, newsflow, social media activity, weather, apps and even data from the internet of things. Within an ever- connected world, RavenPack’s mission is to enable investors to make better decisions in uncertain and emotion- driven markets. We are excited to partner with them on that journey.

The new RavenPack visualization platform

Draper Esprit Notebook

thoughts from the team @draperesprit VC

Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. Learn more

Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. Explore

If you have a story to tell, knowledge to share, or a perspective to offer — welcome home. It’s easy and free to post your thinking on any topic. Write on Medium

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store