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 operates within the burgeoning fintech landscape, providing sophisticated AI solutions to a demanding financial industry.
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 Spark Capital and Ten Coves Capital
Debt (2024): $10M led by CIBC Innovation Banking
Other Financing Round (2024): $15M supported by HarbourVest Partners, Fidelity Investments Canada, RBC, Portage Ventures, Spark Capital, and Ten Coves Capital
Key Investors in Boosted.ai
HarbourVest Partners
HarbourVest Partners provides private markets investment solutions, including fund investing, secondary, and direct co-investments. They are headquartered in Boston, Massachusetts.
Portage Ventures
Portag3 Ventures is an early-stage investor dedicated to backing innovative global financial services companies, with a focus on benefiting consumers. They were founded in 2016 and are based in Toronto, Ontario.
Spark Capital
Spark Capital invests in products created by admired creators across all sectors and stages, operating out of San Francisco, Boston, and New York City. They aim to help founders succeed on their own terms.
What's next for Boosted.ai?
The substantial enterprise-level funding and recent strategic investment signal a strong growth trajectory for Boosted.ai. This capital infusion is expected to fuel product development, expand market reach, and enhance the company's competitive edge in the AI-driven investment management space. Boosted.ai is poised to further solidify its position by continuing to innovate and deliver cutting-edge solutions to institutional investors seeking to optimize their strategies through advanced analytics and machine learning.
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