In a week that already has seen funding announcements from Finovate alums, azimo and Leaf, here comes news that Quantopian (FinovateSpring 2013) is also on the receiving end of a major capital infusion.
Quantopian announced today that the company had secured $6.7 million in its latest funding round. Participating in the Series A were Khosla Ventures and seed capital investor, Spark Capital. This puts Quantopian’s total capital at more than $8 million. The company raised $2.1 million in seed financing at the beginning of the year.
Quantopian Live Trading provides quantitative traders and investors with a browser-based algorithmic trading platform. Users can build and share their own algorithms, as well as take advantage of historical backtesting and real-time, simulated trading features. The technology also allows traders to execute their algorithms directly from the Quantopian platform itself.