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This week we have 1 new company alert, 4 acquisitions, 8 fundraising rounds, 6 articles, 3 podcasts, 9 roles, 2 new free / open products, 7 new events, and a whopping 34 people moves & promotions.
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Latest Market Map Released Earlier This Week
M&A
Motive Partners acquired a majority stake in With Intelligence (financial data and intelligence).
TCW acquired the ETF business of Engine No. 1.
*transactions have been announced but may not be closed
Fundraising
Ennabl (insurance analytics) raised $8M in a Series A led by Brewer Lane Ventures.
Hightouch (unified customer data) raised $38M in a round led by Bain Capital Ventures.
HumanFirst (data productivity) raised CAD$5M in a Seed round led by Panache Ventures.
Nuqleous (retail software and analytics) raised $26M in a strategic growth investment from Blue Ladder Capital.
Portrait Analytics (AI-powered investment research) raised $7M in round led by Unusual Ventures.
Sk3w Technologies (financial exchange access solutions) raised $7M in a Series A led by Tower Research Ventures, IMC, and Citadel Securities.
Switchboard (data automation) raised $7M in a Series A led by GFT Ventures and Quest Venture Partners.
Unstructured (ETL for LLMs) raised $25M across a Seed round led by Bain Capital Ventures and Series A led by Madrona.
*New Company Alert*
Glacier Network is a new company focused on mitigating risks in emerging data and technology, through a Risk Overlay service designed to help vendors reduce risk and accelerate adoption of their products. Glacier’s mission is to support sustainable growth in technology and data by promoting transparent and responsible risk controls and will support compliance and risk management functions for emerging data vendors and data users of all kinds in the public and private sectors.
The company is founded by Don D’Amico, who most recently served as Managing Director & General Counsel at Neudata. Prior to Neudata, Don was an Attorney at Hughes Hubbard & Reed and Legal Counsel at Davidson Kempner Capital Management.
The new company also established an advisory board of industry experts Stacey Brandenburg (ZwillGen), Danny West (Two Sigma), and Gabriel Vanrenren (entrepreneur).
Until September 29th, you can request trial access of the Glacier Network Risk Overlay. More information on the company launch can be found in the press release.
People Moves, Promotions, and Appointments
Catherine Atterbury joined Consumer Edge as Global General Counsel.
David Scott Bentley was promoted to Global Head of Data Management at SIX.
David Cavanagh joined MT Newswires as Sales Director, APAC.
Bediss Cherif was promoted to Chief Revenue Officer at Kaiko.
John DeYonker joined Mirae Asset Global Investments as Director, Capital Formation.
Erik Dietz was promoted to President & COO of Michelin Mobility Intelligence at Michelin. He also joined the Board of Directors of the Intelligent Transportation Society of America.
Matt Eddy was promoted to Global Head of Real-Time at LSEG.
Sean Evers was promoted to Director of Sales at Seek AI.
Paul Fletcher joined Optima Partners as Global Head of Asset & Wealth Management Compliance.
Daniel Forrester was appointed Senior Advisor at AlphaROC.
Reetika Grewal joined the Governance Board of FinTech Sandbox.
Matthew Henshaw was promoted to Head of Index Sales, ASEAN & South Asia at FTSE Russell.
Joel Horwitz joined Weights & Biases as Head of Product Marketing.
Ryan Hunter was promoted to VP of Sales at Solace.
John Johnson joined Schulte Roth + Zabel as Chief Innovation Officer.
Sagar Kadakia was promoted to VP of Research Products at CB Insights.
Kyle Langworthy was promoted to Head of AI, ML, and Data Practice at Riviera Partners.
Sreenath Maikkara joined Goldman Sachs as Managing Director.
Marissa Noles Miller joined Apptopia as Head of Applied Data Science.
Sean Minnihan joined Oppenheimer as Managing Director, Head of Financial Technology Investment Banking.
Tad Nacheff was promoted to Head of Financial Sponsor Coverage, Capital Markets at NYSE.
Caren Plummer joined INRIX as Enterprise Sales Director.
Nate Rackiewicz joined Fusemachines as EVP, Head of Data & Analytics, North America.
Andrew Reiskind was promoted to Chief Data Officer at Mastercard.
Matthew Robinson joined Ecorth as a Strategic Advisor.
Dorothy Ruderman joined Verition Fund Management in Data Strategy.
Sean Saint joined People Data Labs as as GTM, Investors.
Irena Simakova was promoted to SVP & GM, EMEA at Similarweb.
Steve Taylor was appointed Senior Advisor at AlphaROC.
Rich Thau was appointed Senior Advisor at AlphaROC.
Tony Tubby joined LEIT Data as Non-Exec Chairman.
Adam Weiss joined the DTCC as Executive Director, Data Strategy & Analytics Product Management.
Yinghua Michelle Zhou joined Nuveen as Chief Data Officer.
Steffen Zuncke joined ClearScore as an Advisor.
What I’m reading
Unstructured Data Is A Rare Hot Area For Startup Funding by Joanna Glasner in Crunchbase News.
Fintech M&A Deal Tracker: Building a pipeline as slowdown persists by Yizhu Wang and Gaby Villaluz at S&P Global.
Unlocking Alpha With Alternative Data by Capital Fund Management in Institutional Investor.
Expert networks in 2023: News, trends and discussion points by Max Friberg at Inex One.
NASDAQ Q1'23 ESG Trends Report by Lia Brussock and Celena Wasserstrom at NASDAQ ESG Advisory.
The aggregation equation: solving for the UK investment research industry by Brijesh Malkan on LinkedIn.
What I’m Listening To
Seth Klarman, Timeless Value Investing on the Capital Allocators Podcast by Ted Seides.
The State of VC Investing in Data & AI Startups, a webinar in The Information with Amir Efrati (The Information), Naomi Pilosof Ionita (Menlo Ventures), Barry McCardel (Hex), and Bhavin Shah (Moveworks).
Building a 7 Million User Community: Stocktwits CEO with Rishi Khanna on the Startup Savant podcast.
Who’s Hiring
Cohere is hiring a Senior Software Engineer, Data Infrastructure and Member of Technical Staff, Data Acquisition.
Denominator is hiring 3 Sales Manager roles.
Google is hiring a Vice President, Product Management, Core Data.
J.P. Morgan Chase is hiring a Head of Credit Card Data.
LSEG Refinitiv is hiring a Director, Technology Innovation, CTO Office.
Mars is hiring a Chief Data Officer.
NielsenIQ is hiring a Head of Private Equity & VC.
Truthset is hiring a Head of Data Partnerships.
New Free/Open Products & Services
Overture Maps Foundation announced the release of its first open map dataset. The release includes four unique data layers: Places of Interest (POIs), Buildings, Transportation Network, and Administrative Boundaries. The dataset includes data on over 59M places worldwide. More information can be found here.
WeatherXM announced they are making public the paper that describes their research: Designing a Global Weather Station Network based on H3 grid, by Dr. Stavros Keppas, Dr. Haris Balis, and Dr. John Pagonis. They are also open sourcing the algorithm implementation. Check out more information in the announcement and on GitHub.
Upcoming Events
*new events added since last newsletter
*Alternative Data Happy Hour, August 2, NYC
*Disney Data & Analytics Conference, August 14-16, Orlando
*Low-Key Data Happy Hour, August 16, NYC
*New York Venture Summit, September 6-7, NYC
*FISD London at Google, September 19, London
Big Data LDN - September 20-21, London
BattleFin Discovery Day London - September 26-27, London
Neudata San Francisco Data Summit - September 28, San Francisco
*FISD New York at Societe Generale, September 28, NYC
*FinTech Sanbox's Boston FinTech Week, October 10-13, Boston