What is Xignite?
Founded in 2000 and headquartered in San Mateo, CA, Xignite operates as a market data company, providing essential APIs that are hosted within the Amazon Web Services public cloud. This infrastructure allows Xignite to deliver real-time financial data and analytics to a diverse range of clients, enabling them to make informed decisions in dynamic markets. The company's focus on cloud-based API solutions positions it as a key player in the financial technology sector, catering to the increasing demand for accessible and scalable data services.
How much funding has Xignite raised?
Xignite has raised a total of $33.7M across 5 funding rounds:
Series A
$2.2M
Private Equity
$675K
Series B
$10M
Series C
$20.5M
Debt
$350K
Series A (2006): $2.2M with participation from Altos Ventures and Startup Capital Ventures
Private Equity (2010): $675K, investors not publicly disclosed
Series B (2011): $10M supported by Startup Ventures, Altos Ventures, John L. Steffens, Startup Capital Ventures, and Peter Caswell
Series C (2016): $20.5M featuring Altos Ventures, Startup Capital Ventures, QUICK Corporation, and Startup Capital Ventures
Debt (2020): $350K backed by PPP
Key Investors in Xignite
Altos Ventures
Altos Ventures is a Silicon Valley-based venture capital firm that invests in early to growth-stage technology companies in both consumer and enterprise sectors. Founded in 1996, the firm typically serves as the first institutional investor and supports portfolio companies over the long term, managing several billion dollars in regulatory assets under management.
Startup Capital Ventures
Startup Capital Ventures is an early-stage venture capital firm based in Menlo Park, California, with a focus on capital-efficient investments in B2B technology companies. They typically invest between $250,000 and $1 million in companies that have demonstrated proof of first revenue, often co-investing with other leading funds. Their portfolio includes investments in sectors such as FinTech, Cloud/SaaS, Security, Healthcare IT, and IoT. The firm prides itself on working collaboratively with entrepreneurs and founding teams to help them achieve success.
QUICK Corporation
Quick is a company that operates in the Convenience Stores, Gas Stations & Liquor Stores industry. It employs 100to249 people and has 5Mto10M of revenue. The company is headquartered in Japan.
What's next for Xignite?
With the recent infusion of $350K in major strategic investment, Xignite is poised for accelerated expansion and innovation. This capital injection is expected to fuel advancements in its API offerings, enhance its cloud infrastructure, and potentially broaden its market reach. The company's trajectory, marked by consistent funding rounds since its Series A in 2006, indicates a strong investor confidence in its business model and future prospects. Xignite's strategic focus on providing robust market data solutions suggests a continued emphasis on serving the evolving needs of the financial industry.
See full Xignite company page
