Financial technology company Quovo has closed $1.4 million in a Series A round of funding. Long Light Capital is the lead investor for this round.
Quovo, a financial technology company with an online platform that reimagines sophisticated portfolio analytics and data management tools for investors, has closed $1.4 million in a Series A round of funding. Long Light Capital, LLC is the lead investor for this round. “Though a variety of companies offer online investing tools, no one truly marries the investor’s perspective with Big Data capabilities like Quovo; they are building a groundbreaking solution to the most critical problems that all investors face today,” said Justin Korsant, of Long Light Capital.
Quovo will use the investment to accelerate development and distribution of its platform, which streamlines powerful data, analysis, and workflow tools for small to mid-sized institutional investors and savvy individual investors. By combining proprietary data analytics technology with user-friendly design, the Quovo platform empowers foundations, family offices, advisors, and individuals to harness tools once reserved for the most elite financial institutions. “Quovo’s platform capabilities, once reserved only for high paying, large institutions and wealth managers, will soon be launched as an end-to-end, cloud-based solution available to a variety of professional investors and individuals,” said Lowell Putnam, CEO of Quovo. “This new funding round facilitates development of our platform, as well as advances the overall growth of the company.”