On bridge announced the completion of a $21 million funding round, bringing its total capital raised to $35 million.
The tour was led by Group SIX, the key market infrastructure that operates financial centers in Switzerland and Spain. Other participants were Group 11, the venture capital firm specializing in fintech; And L4 Business Builderthe VC arm of B3, the leading exchange in Latin America.
Bridgewise leverages a robust database to generate AI-driven analysis by analyzing data on global listed securities, including stocks and mutual funds. It also provides investment recommendations, a regulated feature already approved in the markets in which it operates.
The funding will further accelerate the expansion of Bridgewise’s global presence and support the development of its ML-based recommendations.
Distributors of its information and clients include stock exchanges, banks, trading platforms, investment companies, wealth advisors as well as financial and education media platforms. The company currently has customers and operations in more than 15 countries, including Australia, Brazil, Japan, Singapore, Switzerland, United Arab Emirates, United Kingdom and United States.
Gaby Diamant, co-founder and CEO of Bridgewise, said:
“This is a major milestone in our mission to close the knowledge and accessibility gap in global financial markets. Our AI technology is uniquely positioned to provide the trusted analysis, recommendations and support global investors need to make informed decisions. With partners like SIX, Group 11 and L4VB, we have the tools we need to deliver significantly improved information across the world, enabling investors in any language and in any market. This new funding is an opportunity to deliver on our promise to our customers and our responsibility to the industry as a whole.
