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GP BULLHOUND INVESTS USD10M IN RAVENPACK

Turning alternative data into invaluable insights and enhanced returns.

London, 28 October 2019 - GP Bullhound has invested 10 million dollars in RavenPack, a leading provider of alternative data and insights for financial institutions. The company’s database, comprising over 19,000 sources spanning over 20 years, is used by financial institutions who subscribe to the platform in order to enhance performance and manage risk. RavenPack will use the proceeds to expand in Asia, as well as to go into other sectors beyond financial services.

RavenPack’s platform is used by some of the best performing hedge funds and largest banks worldwide. RavenPack uses AI to turn highly fragmented unstructured content into organised structured data for easier analysis and deployment in financial applications. The firm has a team of more than 100 people and offices in New York City and Marbella, Spain.

“Global finance has reached a critical inflection point as asset owners and money managers embrace tools like machine learning and big data analysis to navigate complex and turbulent markets,” said Armando Gonzalez, CEO and Co-founder of RavenPack. “Consequently, we are experiencing significant growth in demand for our unique data services in Asia.”

Per Roman, Managing Partner at GP Bullhound, said: “I have had the pleasure of getting to know Armando and his team in the last four years and have in that period seen RavenPack mature into possibly the most interesting natural language processing and machine learning company in the world. It is therefore a pleasure to join as a shareholder and board member in the next chapter of growth and expansion.”

GP Bullhound is investing in RavenPack through Fund IV, which focuses on growth stage business in the software, digital media, marketplaces and fintech sectors. Recent investments include Slack, Klarna, Tradeshift, Glovo and Believe.

Enquiries
For enquiries, please contact:
Per Roman, Managing Partner, per@gpbullhound.com 
Alon Kuperman, Director, alon.kuperman@gpbullhound.com

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound.

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