Series B investment of $18 million was secured by NYC-based Daloopa, a supplier of historical data driven by AI.
Investors
- Touring Capital
- Nexus Venture Partners
- Morgan Stanley
- And a previous investor
Use of funds
The funds will be used by the firm to accelerate its go-to-market strategy, further innovate its proprietary algorithm, and develop product solutions that enhance the quality of data in the financial services sector. The Daloopa also plans to enter new markets, particularly in Asia and Europe.
About Daloopa
Under the direction of CEO Thomas Li, CTO Jeremy Huang, and COO Daniel Chen, Daloopa has created AI-driven technology that sources, organizes, and distributes historical datasets around the world. In order to speed up an analyst’s time to insight, its AI-first approach is assisting buy-side and sell-side financial institutions worldwide, including hedge funds, mutual funds, corporates, investment banks, and private equity firms, in meeting time-sensitive data discovery requirements during earnings and model building workflows.
