Intropic
A data processing toolkit for financial markets
Funding stage: Series A
What Intropic does
Intropic is an end to end information and data processing company, targeting hedge funds, portfolio managers and financial markets. Capital market institutions have become increasingly data driven, and with ever-increasing amounts of data sets and sources, they need to come up with new ways to extract and analyse data. This allows them to ensure that market prices reflect the state of the world as closely as possible while seeking to make the best and most profitable trades, and find new ways to out-perform their competitors.
Intropic has created a unique data product which can process huge quantities of data at scale, empowering their clients to consume multiple data sources and rapidly implement new analytical tools and applications. The creation of this new product has also enabled the company to develop a passive fund intelligence tool, which provides 40,000 daily forecasts to it’s users.
Why we like it
Spending on financial market data exceeded $33 billion in 2020¹, and a further 85%² of buy and sell side capital market participants plan to increase spending on data management.
But, beyond the financial markets, Intropic’s founders believe that every industry needs high quality data in order to thrive. Over time, the data refinery tool could be launched in many industries.
By the time industry expansion hits the roadmap, Intropic will already have established itself as a premier class financial data cruncher. With respect to this near-term goal, we are seeking to back the ex-Head of market data at the world’s third largest hedge fund to sell market data to hedge funds – founder-market fit has rarely achieved this level of comparison.
What our fund managers say
“Intropic’s traction to date has been very impressive, in particular for a client set that is typically hard to sell into, and includes some of the most sophisticated public market investors in the world.
– Zihao Xu – Principal
Who are we backing?
Ravinder Bhadhal – CEO. Ravinder headed up commercial management and market data at Man Group. Ravinder’s experience represents not only time spent supporting significant weight of capital (Man is the world’s third largest hedge fund), but owing to its structure means that he has looked
See more on Intropic’s website here.
¹ Global Spend On Financial Market Data Totals A Record $33.2 Billion In 2020, Burton Taylor International Consulting 2021
² The rising value of data in financial markets, Refinitiv 2020