Fenwick & West represented Fitch Ventures, a firm investing in and partnering with early-stage financial services companies that are shaping the future of financial information through innovation and emerging technologies, in leading a $4.5 million Series A financing for GeoQuant, a data technology company that fuses political and computer science to measure and predict political risks with unprecedented accuracy. The round also included GeoQuant’s existing seed investors, Aleph VC, XL Innovate (now part of AXA), as well as prominent fintech investor David Magerman.
The new funding allows GeoQuant to accelerate growth and development of the first high-frequency political risk data set with demonstrated market relevance. More information can be obtained from Fitch Ventures’ announcement.
Founded in 2016, Fitch Ventures is backed by the expertise of Fitch Group, a global leader in financial information services, and Hearst Communications.
The Fenwick transaction team representing Fitch Ventures included corporate partner Ian Goldstein and associates Matthew Holbreich and Mitchell Duncombe.