Quiver Quantitative Inc. — a fintech platform that says it’s bridging the data gap between Main Street and Wall Street investors — has raised $2 million, the Madison startup said Wednesday.
The round was led by Allos Ventures, which has offices in Cincinnati and Indianapolis. Other participating investors were Chicago’s M25; Kentucky’s Connetic Ventures; Bascom Ventures, Lancaster Investments and the Wisconsin Alumni Research Foundation in Madison; and the Idea Fund of La Crosse.
Quiver Quantitative provides retail investors with dashboards of alternative data — information not found on financial statements — that could inform investment decisions. Examples of alternative data include stock trading activity among U.S. Congressmen or Reddit discussion topics.