Amsterdam-based Owlin, an AI-based news analytics startup has raised $3.5 million in Series A funding.
Velocity Capital participated in this funding round. The funding will use to expand the company’s operation internationally, especially in the U.K. and the U.S.
Owlin is the news analytics tool that helps finance professionals monitor their portfolio proactively, continuously, and in real-time. By tapping into more than three million global sources, Owlin saves time and ensures that you never miss vital emerging risks, opportunities, or trends.
“We started with delivering news signals to dealing room environments with our platform,” Owlin co-founder and CEO Sjoerd Leemhuis said.
“We are adding news and unstructured data to their risk monitoring. In the end, our clients don’t just gain insights, they also gain time,” adds the Owlin CEO.
Owlin international clients include Fitch Ratings, Adyen, Deutsche Bank, ING, and KPMG.
Owlin enables 15,000 counter-party risk managers worldwide to track risk events that are not captured by traditional credit risk metrics.
However, recently two of the startup’s founders left the company after getting to know that the seed investors are going to bankrupt. The news puts Owlin to rework on the bootstrap model and make them cautious about choosing the next investor.