Financial data startup YCharts gets $3.9 million investment
http://ycharts.com/
YCharts is a young company but says it has 1 million monthly users of its web site.
- Staff Chicago Business Journal
Online financial research company YCharts has raised a third investment round of $3.875 million, with Morningstar Inc. and Reed Elsevier Ventures as lead investors.
The latest round brings the total investment in the company to $8.625 million.
YCharts said it will use the funds to accelerate growth of the company’s financial terminal[1].
YCharts, based in Chicago and New York, was founded in 2009 by Shawn Carpenter[2], a former Google executive, who is the company’s chief executive, and Ara Anjargolian, former lead developer for Tribune Co., who is chief technology officer.
“This latest funding round -- led by two globally prominent information companies, each with great strategic relevance to YCharts -- will enable us to be even more aggressive in growing our institutional business,” Carpenter said in a statement.
The company said it has 1 million users monthly, with clients focused within the investment, management consulting, and insurance industries as well as corporate sales teams. YCharts said its mission is to collect all financial data, globally, across all asset classes, and make it available via the web. YCharts tracks 350,000 economic indicators from around the world and more than 2,000 metrics for each listed equity.
References
- ^ financial terminal (ycharts.com)
- ^ Shawn Carpenter (feeds.bizjournals.com)