Euclid Opportunities has taken a strategic stake in the institutional research marketplace.
"MiFID II research unbundling is a key challenge for our clients and the wider market in 2017. RSRCHXchange is bringing next generation technology to solve a complex regulatory challenge while also allowing both providers and consumers of research to extract greater value from content. The business has made amazing progress thus far and we’re delighted to bring our capital, operational expertise, and networks to help scale the business globally."
Long-term backer Beringea and new investor UIL have provided £2m to support sales growth and product development at Perfect Channel.
"2016 was a particularly successful year for us – we delivered solid financial results, made significant strides in advancing our technology through the launch of the GDT Marketplace, and reaffirmed our commitment to innovation by appointing Jim Leeds as our new CTO."
The funding round was backed by Angels in the City, LBA private investors, and the London Co-Investment Fund.
"this has been a tremendous last year for the business and the high quality of investors supporting this funding round is a testament to this. The combination of this new funding and the expertise in the investor group will be instrumental as we scale from our strong base."
London Business Angels and the London Co-Investment Fund backed the pre-series A round to support international expansion.
"2016 was a great year for Advizzo with strong traction from the utilities market and great interest from investors. Such pre-series A is a great achievement for Advizzo with a fruitful collaboration with London Business Angels and the LCIF which did a follow-up investment alongside experienced private investors who know the utilities industry trends very well. We will continue to expand in 2017 locally and internationally with additional software modules."
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