Quiver Quantitative, a Spring Green-based data analytics company that developed an investment research platform for investors, recently raised more capital to grow its product called Quiver.
The company recently closed on a $525,000 seed round that was led by Wisconsin's Idea Fund of La Crosse. Other investors in the round included Kentucky's Connetic Ventures and other angel investors.
Launched in February of 2020 by twin brothers and recent University of Wisconsin-Madison graduates James and Christopher Kardatzke, Quiver "scrapes alternative stock data from across the internet and aggregates it" for investors. The company makes the data viewable on a dashboard.
“Hedge funds and other professional investors spend billions a year on alternative data to inform their investment decisions,” said James Kardatzke, CEO of Quiver. “We want to help the little guys by bridging this data gap between individual investors and institutions on Wall Street.”
The founders say their platform has grown to more than 40,000 registered users.
The company also made its application programming interface, or API, available to the public this past October, allowing other companies to integrate its datasets into their own products. This led to a recent partnership with Seattle-based QuantConnect, an open-source algorithmic trading platform that has 90,000 users.
