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Alternative Market Briefing

Edison Partners leads $7M round into investment research platform Bipsync

Thursday, January 31, 2019

Bailey McCann, Opalesque New York:

Growth equity firm Edison Partners has led a $7 million round into Bipsync, a software solution for investment research founded by Tiger Cub Danny Donado. FINTOP Capital also participated in the round.

Bipsync is an investment research platform that aims to take some of the fragmentation and redundancy out of the research gathering process. "One of my biggest issues when I was working on the hedge fund side was that I would use services like Evernote to keep track of my meeting notes, but it didn't automatically carry over into the presentation of that research. So we wanted to create an environment where you can keep notes and contacts that also works with compliance and the investment process," said Donado in an interview with Opalesque.

Bipsync was launched in 2013 and hedge funds have been adopting the software at a pretty rapid pace. The company says it has experienced 3X year-over-year growth and is now being adopted by LPs and allocators as well. The software is designed to work across all strategies including hedge funds, private equity and venture capital.

Donado says that the relationship with Edison Partners makes sense now because they can use the investment to add headcount and to continue to expand into the LP and allocator space. Edison Partners and FINTOP will also be working with the company on the operational improvements. Prior to this round, ......................

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