Real-time financial information and analytics company Heckyl has reportedly closed $2.7m in funding led by Notion Capital.
Other participants to the round included previous backer IDG Ventures, among various other investors, according to an article by VCCircle, which cites filings with Ministry of Corporate Affairs. The fundraise was completed after Heckyl allocated 14,343 Series C shares, the report said.
The company, which has offices in London and India, provides clients with a real-time actionable intelligence solution, which pulls data from hundreds of thousands of sources around the world. The application provides users with current news, price analytics, sentiment analytics, a scalable architecture and a seamless integration with other systems.
This wave of capital follows the company’s previous round, which secured $3.5m in 2013. With the latest batch of equity, it brings total funding efforts from Heckyl to up to $7.2m.
Earlier in the year Notion Capital closed a pair of investment vehicles, its third venture fund with a $140m capital pool, and its debut growth equity fund, which has $80m ready to deploy.
Recently the firm has made a selection of investments in to the FinTech space, with it participating in CurrencyCloud’s £20m Series D, GoCardless’ $13m Series C and DemystData’s $7m Series B.
Financial research and analytics companies have seen a big increase in funding so far this year, to that of 2016, with the first three quarters picking up around $381m. This figure is already $67m more capital invested than the whole of last year, with Q4 2017 yet to be completed. While there has been more capital, there have been a lot less deals with only 36 completed so far this year, which is half of the deals in 2016.
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