Fuels expansion for best-in-class investment research automation platform
PRINCETON, N.J.—Jan. 29, 2019—Edison Partners, a leading growth equity investor, announced a $7 million growth investment in Bipsync, a research management platform provider for investment management firms. Bipsync will use the capital to advance sales, marketing, customer success initiatives, and continued product innovation.
Investment research is notoriously inefficient due to outdated technology and tools that are unable to fulfill both compliance audit trail requirements and the performance needs of investment professionals. These limitations cause investment managers to sacrifice either usability and functionality, or compliance and security. Bipsync eliminates this tradeoff with its modern research software that connects data, teams, and processes across a compliant and secure platform, to solve the key pain points of investment management firms.
“On average, investment professionals waste 40 percent of their time gathering, formatting or recreating information that already exists. Bipsync streamlines this with its best-of-breed research platform for the investment industry,” said Jennifer Lee, Vice President at Edison Partners, who led the investment and joins the company’s board of directors. “We are extremely impressed with the company’s differentiated, compliant enterprise platform that brings immediate ROI to its customers. Danny Donado and his team understand the customer and market need, and we believe Bipsync is poised to continue its rapid growth trajectory by providing a much-needed connected solution for investment knowledge operations,” Lee added.
Bipsync’s growth and momentum is impressive. The company has generated 3X year-over-year growth in bookings and has realized more than 100 percent net revenue retention. Bipsync’s customer roster now spans the entire investment management industry from asset class, strategy, geography including fund managers across multi-strategy, long-short equity, private equity/VC to asset owners, pensions, sovereign wealth funds and top-tier university endowments.
“Investment research is intensive and expensive. Without process automation and modern technology approaches, it’s getting harder to stay competitive as well as compliant,” said Bipsync Founder and CEO, Danny Donado. “Bipsync solves this problem with a configurable software solution that saves time for analysts, reduces costs for the firm and meets the compliance needs of the industry. Jennifer and the Edison Partners team understand our vision and strategy and bring the fintech expertise and operating know-how to our partnership that will help us scale the business to the next level.”
Edison Partners has financed and guided more than 217 private companies, including more than 43 fintech companies. The firm was recognized in 2018 as Fintech Equity Investor of the Year by Lendit Fintech and in Institutional Investor’s Fintech Finance 40 power ranking. Additionally, Lee was recently named to WSJ Pro’s Women to Watch in Private Equity.
Noteworthy exits include Billtrust, EdgeTrade, FolioDynamix, GAIN Capital, Liberty Tax, OptionsCity and Princeton Financial. Current financial technology investments include: BFS Capital, Bento for Business, Clearpool Group, ComplySci, GAN Integrity, Giant Oak, MoneyLion, Predata, Scivantage and Solovis.
Bipsync provides a modern research platform to maximize the productivity of professional investors and asset management firms. Founded in Silicon Valley in 2013 by experienced investors and software developers, the company uses modern technologies and user-centered design to accelerate the entire research process from idea to investment, and identify insights that drive better decisions, faster, for investors and funds. For more information, visit www.bipsync.com
About Edison Partners
For more than 30 years, Edison Partners has been helping CEOs and their executive teams grow and scale successful companies. The firm’s investment team brings extensive investing and operating experience to each investment. Through a unique combination of growth capital and the Edison Edge platform, consisting of operating centers of excellence, the Edison Director Network, and executive education programs, Edison employs a truly integrated approach to accelerating growth and creating value for businesses. A team of experts in financial technology, healthcare IT and enterprise solution sectors, Edison targets high-growth companies with $5 to $25 million in revenue; investments also include buyouts, recapitalizations, spinouts and secondary stock purchases.
Edison’s active portfolio has created aggregated market value exceeding $10 billion. Edison Partners is based in Princeton, NJ and manages more than $1.4 billion in assets throughout the eastern United States.