Sentieo has bagged $20m in its Series B round, which comes off the heels of record revenue in 2020.
Ten Coves Capital led the round, with commitments also coming from Centana Growth Partners and Studio Management. As part of the deal, Ten Coves Capital founder and managing partner Ned May has joined the Sentieo board of directors.
With the funds, Sentieo hopes to expand its market leadership and transform how financial and corporate research is done.
This Series B round close comes after a strong period of growth for Sentieo. The company achieved record revenue in 2020, driven by the masses of staff being forced to work remotely and companies needing a solution to collate disparate financial research tools.
Continuing on this momentum, the FinTech has released a number of new capabilities, including enterprise integration APIs and support for Box and Dropbox document management stores.
Sentieo is a financial and corporate research platform for executives, investment analysts and researchers, designed to help them make more informed strategic decisions. Its services include investor relations, SEC reporting, corporate strategy and more.
Its SEC reporting tools ensure companies can generate insights quicker and mitigate exposure risks. The platform saves teams time from having to research peers and deliver their findings.
Its services are used by more than 1,000 companies around the world, including Schroders, Magellan Asset Management, and Roivant Sciences.
Ten Coves Capital managing partner Ned May said, “Sentieo’s mission is to deliver the best platform for analysts to conduct research and execute better corporate and investment strategies.
“By combining all the elements of fundamental research into one seamless, AI-supported workflow, analysts can save time and discover new insights that will catapult their organization ahead of the competition. Sentieo has a huge opportunity ahead of it and we are excited to be part of that.”
With the close of the round, the company has raised a total of $62m in funding.
The company recently integrated Sustainalytics research and ratings reports for ESG.
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