A fintech that helps the world's biggest banks chart data just raised $17.4 million
- ChartIQ, a fintech specializing in providing financial firms real-time charting software in HTML5, raised $17.4 million in its latest round.
- Digital+ Partners, a German venture capital firm, was the lead investor.
- ChartIQ plans to double the size of its team, currently at 50, over the course of the next year.
As financial firms look to visualize data in the most digestible way, companies that can facilitate that process continue to become more valuable.
ChartIQ, a fintech that uses HTML5 to build real-time financial charts and analysis tools, raised $17.4 million in its Series B round, the company announced Thursday. Digital+ Partners, a German venture capital fund, was the lead investor.
The Charlottesville, Va.-based firm was founded in 2012 and has raised over $20 million in total. ChartIQ declined to disclose its current valuation.
ChartIQ works with 300 financial customers, including technology firms like Fidessa and nine of the largest global banks, to help them create and customize real-time financial charts via a library of code the company maintains. In July 2018, ChartIQ began offering charting and analysis tools for cryptocurrency.
The new funding will be used to expand its headquarters and fund research and development. ChartIQ said it aims to double in size - it currently has 50 employees - over the next year.
ChartIQ's newest offering, Finsemble, looks to connect applications - both internally built and from third-party providers - together on users' desktops in a more streamlined way that allows them to interact with each other.
Global fintech funding reached a record high in 2018 with $40 billion raised, up 120% from 2017, according to the data tracker CB Insights' latest fintech report released in January.
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