Exabel, an analytics and data platform for investment teams, has closed a fourth seed investment round from investor AWC (formerly Awilhelmsen Capital Holdings), bringing its total capital raised to over USD21 million
The company also announced today the launch of the new “Exabel Insights Platform” product for alternative data vendors.
“We’re delighted to support Exabel’s next phase of growth and we believe strongly in their potential to lead the emerging Alternative Data Insights category,” says Arve Ree, CEO AWC.
AWC is an active investor with a flexible investment mandate, investing in both listed and private companies. As part of this round AWC will make a direct investment of USD6 million and provide a further USD3 million, in a flexible debt facility at the company’s option.
“2020 was a great year for Exabel as we grew our customer base by 5X, built and launched our first commercial partnerships and proved the value of our platform to investment teams and Alternative Data vendors alike. We are excited to welcome AWC onboard as we launch the Exabel Insights Platform, revolutionising the way Alternative Data vendors bring valuable insight from their datasets to the market,” says Neil Chapman, Exabel CEO.
Source: Private Equity Wire
