ETFbook, a data and analytics platform specializing in the ETF market, announced the closing of a €4 million Series A round led by BlackFin Capital Partners.
ETFbook provides a data and analytics platform accessible through a web application and APIs.
Based in Zurich with a presence in European financial hubs including London, Paris, Frankfurt, Amsterdam, and Dublin, ETFbook has reported steady growth since its launch in 2020, now engaging with a client base of 35+ service providers.
Pawel Janus, Ph.D., Co-founder and CEO of ETFbook said:
“This investment will accelerate the execution of our ambitious product roadmap and geographic expansion strategy, enabling ETFbook to better serve the ever-evolving data & analytics needs in the thriving ETF markets, globally.”
Last year, the ETF industry achieved considerable success, “attracting $1.9 trillion in net inflows and surpassing $15 trillion in assets under management (AUM).”
This period of growth witnessed innovation within the industry.
Key developments included the launch of the first Bitcoin ETF, which marked a key milestone in the crypto space.
In addition to this, a growing number of active managers embraced the ETF wrapper to offer strategies to a wider investor base.
Arnaud Llinas, ETF Industry expert and ex Head of Amundi ETFs and Lyxor ETFs, who advised and co-invested with BlackFin Capital Partners:
“The ETF market is poised for continued growth, particularly among wealth and retail investors. With over 40 new ETFs launched weekly and significant flows dynamic across all asset classes, market participants require a centralized tool to navigate and understand evolving investment trends. ETFbook’s experienced team has developed a comprehensive platform that should be a valuable addition to every investor’s toolkit.”
To navigate this market, ETF eco-system and investment professionals require access to analytics to make informed decisions.
Use cases span: product analysis, fund flows analysis, performance comparisons across ETFs tracking similar indices, liquidity analysis from on & off-exchange trading volumes.
With the sophistication of products like Active ETFs or Digital Assets ETPs, ETFbook provides solutions to “support portfolio composition files production that enable the listing of those new ETF issuers’ products.”
Given the market’s drive forward, ETFbook has now reportedly started embedding AI capabilities to its offering to automate internal workflows and produce predictive insights for its clients.
Romain Grimal, Sr. Investment Manager at BlackFin Capital Partners said:
“ETFbook provides an answer to the needs of all stakeholders involved. We share Pawel and Bartlomiej’s vision and are thus delighted to lead ETFbook’s Series A funding round to support them in becoming the leading source of truth for the ETF market.”
The funding will fuel ETFbook’s expansion as the company will seek to attract talents across the organization from “product development, through data science, all the way to sales and marketing.”
This will serve to enhance platform capabilities, drawing on AI advancement, expand data coverage and enable growth, as ETFbook prepares for a US market entry.
