SaaS research platform Bipsync has raised $7m in a growth funding round led by tech-focused investment house Edison Partners.
Edison was also joined in the round by FinTech-focused venture capital firm, FINTOP Capital.
Bipsync’s research platform aims to help maximize the productivity of professional investors and asset management firms.
The company’s clients include fund managers across the multi-strategy, long-short equity, private equity and VC verticles. It also caters to asset owners, pensions funds, sovereign wealth funds and top-tier university endowments.
Bipsync has planned to use the funding to expand globally, accelerate product innovation and bolster its customer success initiatives as well as grow its sales and marketing operations.
“Bipsync has won the trust of the world’s largest and most well-established funds by offering a solution that solves the unique research challenges facing asset managers today,” said Edison vice president Jennifer Lee.
“The team has turned its domain knowledge in investment management and enterprise software development into a category-defining platform with impressive market uptake. We’re excited to partner with Bipsync on their next phase of growth and innovation.”
Edison previously backed personal trading compliance software provider, ComplySCI.
Back in 2014, ComplySci landed an initial $8.25m Series A minority investment from Edison.
The company would go on to receive an investment in fellow PE house Vista Equity Partners, while Edison remains a minority stake owner.
In 2017, Edison also invested in GAN Integrity, a provider of compliance management software, in $9m in a Series A round.
Copyright © 2018 RegTech Analyst
