Intelligent information management platform, FeedStock has received a strategic investment from Illuminate Financial Management (IFM).
As specialist venture investors in capital markets financial technology, Illuminate have been seeking a company that can help address the MiFID II regulatory environment around research while also innovatively addressing the longer-term challenges of information overload on the buy-side.
FeedStock filters, categorizes and tracks investor research using artificial intelligence software, which can be embedded into its clients’ internal systems.
Charlie Henderson, joint managing director and founder of FeedStock, commented: "It is testament to our growing business that we have received an investment from Illuminate Financial Management. Their in-depth knowledge of the capital markets fintech sector combined with their existing strategic partnerships make them the ideal investor for Feedstock. We look forward to working with their team, to aggressively grow the business.”
“The twin challenges of information overload and MiFID II compliance around research have created both an efficiency problem, and a compliance issue for the buy-side” said Mark Beeston, founder and managing partner of Illuminate Financial Management.
"The team at Feedstock have experienced these issues first hand from both buy-side and sell-side and we are excited to be part of their journey as they bring state of the art technology to this key industry challenge” he added.