BridgeWise, fka Deshe Analytics, a Tel Aviv, Israel-based company that developed sophisticated AI-driven algorithms that analyze public companies around the world, announced a $13 million seed funding round led by Group 11.
Additional participants in the round include the Brazilian Stock Exchange (B3) through its investment fund L4 Venture Builder (subject to regulatory approval), Mangrove VC, and additional private investors.
This new funding will further the firm’s mission to make high-end investment research tools accessible to global investors using generative AI.
Gaby Diamant, founder, and CEO of BridgeWise said, “After selling our previous startup, we set out to address a significant issue. We managed a profitable hedge fund that consistently ranked at the top of market-neutral categories when COVID-19 started. Individual traders lost their entire life savings as a result of poor investment choices while our fund was doing well. At that time, our vision began to take shape. By simply realizing that the moment has come to return to fundamental analysis, we recognized the importance of our mission—to reduce the lack of financial literacy.”
The company provides instant, explainable, and high-quality analysis of over 44,000 publicly traded companies worldwide by leveraging quantitative, fundamental, and alternative data analysis.
BridgeWise’s primary customers are financial advisors, investment managers, and small to mid-sized businesses (SMBs). Certain retail customers also receive access via their online brokerage platforms.
Company: BridgeWise
Raised: $13.0M
Round: Seed Round
Funding Month: January 2023
Lead Investors: Group 11
Additional Investors: Brazilian Stock Exchange (B3) and Mangrove VC
Company Website: https://www.bridgewise.com/
Software Category: Financial Research Software
About the Company: Founded in 2019 by Gaby Diamant, brothers Dor and Or Eligula, and Mor Hazan, BridgeWise is a financial technology company developing an AI-based equity research-as-a-service and insight platform. Its AI and machine-learning-based research and insight infrastructure helps financial institutions successfully navigate and add value to clients with visibility and expertise within global stock markets, in multiple languages. The company’s SaaS products and tools are trusted by financial institutions for research-as-a-service. BridgeWise delivers high-quality and easy-to-read equity reports for over 44,000 stocks in 134 exchanges. The company currently employs 35 people, 25 of them at its headquarters in Ramat Gan and the rest in Armenia and Brazil.
Source: https://www.tradersmagazine.com/tech-tuesday/tech-tuesday-bridgewise-raises-13mm-to-transform-global-equity-research/