With an investment of $25 million led by Andreessen Horowitz, quantitative investment crowdfunding platform Quantopian adds a successful Series C to a year that featured winning the endorsement of billionaire investor, Stephen Cohen. This summer, Cohen invested $250 million in a fund that uses algorithms generated by Quantopian members.

Also participating in Quantopian’s funding round were Bessemer Venture Partners, Point72 Ventures, Khosla Ventures, and Spark Capital—all existing investors. The Series C takes Quantopian’s total capital to nearly $50 million.

“Quantopian has a chance to really disrupt this industry by bringing a distributed-contributor approach to finance, harnessing technology to educate and empower the greatest minds around the world,” says Alex Rampell, Andreessen Horowitz general partner. Rampell, who will join the company’s board of directors, called Quantopian “the next-generation BlackRock”

Quantopian co-founders, CEO John Fawcett and CTO Jean Breech demonstrated Quantopian Live Trading at FinovateSpring 2013.

Founded in 2011 and headquartered in Boston, Massachusetts, Quantopian demonstrated its technology at FinovateSpring 2013. With more than 300,000 algorithms on its platform, Quantopian gives quantitative-based investment and trading system-developers the capital, data, and R&D environment to build, test, and profit from their trading strategies. The company’s community of developers has more than 90,000 members, and includes everyone from financial professionals and data scientists to students and entrepreneurs.

In addition to funding and investment, Quantopian made 2016 headlines with a set of major C-level hires. In July, the company added Dragan Skoko as its new Head of Trading, and in June, Quantopian brought onboard Jonathan Larkin as chief investment officer and Derek Meisner as general counsel and chief compliance officer.