Success Story
Belfast headquartered data solutions company INQDATA received £750,000 in equity investment from the Investment Fund for Northern Ireland in a deal led by Clarendon Fund Managers, with the company also receiving investment from new investors, Iona Star Capital and Techstart Ventures. In total, the round generated £2.5m for INQDATA.
| Region/Nation | Northern Ireland |
|---|---|
| Sector | Technology |
| Programme | Investment Fund for Northern Ireland |
| Partner |
INQDATA is a fully managed data solutions provider, focused on scalable, high-performance data ingest, infrastructure management, storage, preparation and data access for market data across capital markets.
The company’s data-made-easy cloud-based solution has the power to be transformative for financial institutions and hedge funds around the world.
To maintain a competitive edge, it is a strategic imperative for firms to adopt a modern technology stack that fosters business growth. Our high-performance, cost-effective market data-as-a-service solution allows firms to accelerate time-to-value and reduce their total cost of ownership.
We are proud of our deep Northern Ireland roots and really see Belfast and Newry as global centres of excellence. While our sales teams will be based in London, which is where our clients mostly are, we will certainly have a strong foothold in Northern Ireland.
This investment marks a tipping point for us, and we feel very privileged to have the backing and support of the Investment Fund for Northern Ireland through Clarendon Fund Managers, Iona Star Capital and Techstart Ventures.
- Theodore Voegt CEO, INQDATA
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