What is Boosted.ai?
Boosted.ai is an artificial intelligence company focused on empowering investment managers with advanced quantitative tools. Its flagship product, Boosted Insights, is designed to enhance decision-making for both fundamental and quantitative investors by enabling them to save time, improve portfolio metrics, and leverage data-driven strategies. The company's focus on providing accessible quant tools positions it as a key player in the fintech sector, catering to the evolving needs of asset management.
How much funding has Boosted.ai raised?
Boosted.ai has raised a total of $60M across 3 funding rounds:
Series B
$35M
Debt
$10M
Other Financing Round
$15M
Series B (2022): $35M with participation from Ten Coves Capital and Spark Capital
Debt (2024): $10M led by CIBC INNOVATION BANKING
Other Financing Round (2024): $15M supported by HarbourVest, Ten Coves Capital, RBC, Portage Ventures, Spark Capital, and Fidelity Investments Canada
Key Investors in Boosted.ai
HarbourVest
HarbourVest Partners is a private markets investment solutions provider, offering fund investing, secondary, and direct co-investments. They focus on private equity and venture capital opportunities.
Ten Coves Capital
Ten Coves Capital invests in companies transforming the financial ecosystem, focusing on businesses re-imagining financial services and aiming to support transformative ventures in the fintech sector.
Spark Capital
Spark Capital is an investor in innovative products and creators, working across all sectors and stages, and known for backing transformative companies in technology and finance.
What's next for Boosted.ai?
The recent major strategic investment and enterprise-level funding indicate Boosted.ai is poised for significant expansion and product development. This capital infusion will likely fuel advancements in its AI-driven analytics platform, enabling the company to scale its operations, enhance its market reach, and potentially explore new verticals within the investment management industry. The company's ability to attract substantial backing suggests strong market confidence in its innovative approach to quantitative investing.
See full Boosted.ai company page
