What is Enigma?
Enigma engineers data from hundreds of public and third-party sources to provide a complete picture of business identity and financial health. This intelligence empowers companies of all sizes to access the financial services necessary for growth and sustainability. The company operates within the critical fintech and data analytics space, addressing a fundamental need for reliable business information in financial decision-making.
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 Two Sigma Ventures, New Enterprise Associates, The New York Times Company, Comcast Ventures, American Express, and New York City Investment Fund
Other Financing Round (2018): $5M supported by BB&T Corporation
Unspecified (2018): $95M featuring Partnership Fund for New York City, Third Point, Glynn Capital, Capital One Growth Ventures, Crosslink Capital, Two Sigma Ventures, New Enterprise Associates, Comcast Ventures, BB&T, and MetLife
Key Investors in Enigma
New Enterprise Associates
New Enterprise Associates (NEA) is a venture capital firm focused on helping entrepreneurs build businesses, known for its early-stage investment approach.
Comcast Ventures
Comcast Ventures is the venture capital affiliate of Comcast Corporation, focusing on consumer, enterprise, and frontier technology companies.
Two Sigma Ventures
Two Sigma Ventures is an early-stage venture capital firm that invests in transformative companies leveraging information growth and computing power, with a focus on technology that enhances human potential.
What's next for Enigma?
With substantial enterprise-level funding and a recent strategic investment, Enigma is poised for accelerated growth and market expansion. The company's focus on data engineering and comprehensive business intelligence suggests a strategic direction towards enhancing its platform's capabilities, potentially through further technological innovation or strategic partnerships. This capital infusion will likely fuel product development, expand its data acquisition efforts, and strengthen its market position in the competitive business intelligence landscape.
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