SAN FRANCISCO, May 25, 2021 (GLOBE NEWSWIRE) – On the heels of record sales in 2020, Sentieo, the leading provider of next-generation financial and enterprise research platforms, today announced that it has raised $ 20 million in a Series B funding round. The round was led by Ten Coves Capital with the participation of existing investors Centana Growth Partners and Studio Management. Ned May, Founder and Managing Partner of Ten Coves Capital, will join Sentieo’s board of directors. With this latest funding, Sentieo has now raised total capital of $ 62 million.
More than 1,000 clients around the world, including Schroders, Magellan Asset Management and Roivant Sciences, trust Sentieo to provide the information, speed and confidence they need to make informed strategic decisions. With the new round of funding, Sentieo is well positioned to expand its market leadership and transform the way financial and corporate research is done. For more information visit www.sentieo.com.
Demand for modernized research workflows drives record growth
The funding comes at a time of rapid growth and momentum for Sentieo. Investors and businesses were already looking for opportunities to gain a competitive advantage, but the pandemic has only worsened demand. As remote working has become the norm, stand-alone point solutions have hampered analysts’ ability to work quickly and collaborate. Sentieo’s unique ability to bring together disparate financial research tools into an innovative AI-powered platform underscored the power of a modernized research workflow. As a result, Sentieo achieved record sales in 2020.
âSentieo’s mission is to provide the best platform for analysts to research and execute better business and investment strategies,â said Ned May, managing partner at Ten Coves Capital. âBy combining all elements of basic research into a transparent, AI-powered workflow, analysts can save time and discover new insights that will propel their organization ahead of the competition. Sentieo has a huge opportunity ahead of him and we are thrilled to be a part of it. “
The platform offers digital transformation to investors and businesses
As a financial and enterprise research platform, Sentieo does what no other solution can – provide a single, cloud-based workflow for financial document research, market data and alternatives, modeling and analysis – all supported by an integrated research management system. This enables organizations to transform the way they deliver investment and strategy research, save hundreds of hours of analyst time, and ensure confidence in investment decisions.
Building on the innovation delivered in 2020, Sentieo continued to unleash new abilities including enterprise integration APIs and support for Box and Dropbox document management stores. More recently, the company announced the integration of Sustainalytics ESG research and rating reports, an increasingly important area for institutional investors. With the conclusion of its Series B cycle, Sentieo will further expand its platform capabilities and continue its mission to transform the way research into investing is done.
âWith the incredible adoption of the Sentieo platform, it is clear that we are experiencing a massive change in the way financial and corporate research is executed,â said David Lichtblau, CEO of Sentieo. âWe see a huge opportunity to replace hard-to-use and expensive point solutions that slow down the journey to uncover competitive opportunities. We are excited to be working with Ned and Ten Coves to accelerate the transformation of the investment research process. “
Sentieo is a financial and corporate research platform for executives, investment analysts and researchers that gives them the information, speed and confidence they need to make informed strategic decisions to beat the market. market and gain a competitive advantage. Serving a global client base of more than 1,000 clients, including 800 institutional investment firms and Fortune 500 companies, Sentieo is the first platform to support the complete financial and corporate research workflow. To learn more about Sentieo, visit sentieo.com.
About Ten Coves Capital
Ten Coves Capital invests in innovative, high-growth FinTech companies where its capital, network and decades of experience can help accelerate growth and value creation. By investing in payments, banking and lending, asset management, financial markets, and insurance and employee benefits, among other segments, the Ten Coves team has helped evolve nearly 40 companies that solve industry problems, enable workflows, and provide critical infrastructure from the largest financial institutions to SMEs. For more information visit tencoves.com.