What is Enigma?
Enigma engineers enhanced data from hundreds of public and third-party sources to deliver comprehensive intelligence on the identity and financial health of small and medium businesses across the United States. This detailed business profiling enables companies of all sizes to access the financial services necessary for their growth and prosperity. The company's ability to synthesize complex data into actionable insights positions it as a key player in the financial technology and business intelligence landscape.
How much funding has Enigma raised?
Enigma has raised a total of $132.7M across 4 funding rounds:
Series A
$4.5M
Series B
$28.2M
Unspecified
$95M
Other Financing Round
$5M
Series A (2014): $4.5M with participation from Comcast Ventures
Series B (2015): $28.2M led by New York City Investment Fund, Two Sigma Ventures, New Enterprise Associates, Comcast Ventures, American Express, and The New York Times Company
Other Financing Round (2018): $5M supported by BB&T Corporation
Unspecified (2018): $95M featuring New Enterprise Associates, MetLife, Third Point, Crosslink Capital, Partnership Fund for New York City, Glynn Capital, BB&T, Two Sigma Ventures, Capital One Growth Ventures, and Comcast Ventures
Key Investors in Enigma
New Enterprise Associates
New Enterprise Associates (NEA) is a venture capital firm established in 1977, focused on empowering entrepreneurs to build successful businesses. They are known for their significant investments in technology and healthcare sectors.
MetLife
MetLife is a global insurance and financial services company offering a wide array of protection products and services. They provide comprehensive life insurance, dental, vision, disability, and accident/health coverage, alongside annuities and investment products.
Third Point
Third Point Management is a New York-based hedge fund founded in 1995, primarily investing in public equity, fixed income, and ADR markets. The firm is known for its active investment strategies.
What's next for Enigma?
With the recent major strategic investment, Enigma is poised for accelerated growth and further innovation in its data intelligence platform. This capital infusion is expected to bolster its capabilities in data acquisition, analysis, and product development, enabling the company to serve an expanding client base. The strategic nature of this financing suggests a focus on market expansion, potential partnerships, and the enhancement of its core offerings to maintain a competitive edge in the enterprise-level data solutions market.
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