Street Contxt wants to give Wall Street smarter processes around data.
The Canadian company’s software tells analysts what to research, saving them time.
The Toronto startup raised $8 million in a Series A round to do just that.
The capital was raised by venture fund Formation 8. Other investors include Wells Fargo and JP Morgan, as well as RBC, where founder Blair Livingston hails from.
“Street Contxt is bringing data-driven processes and metrics to this previously opaque and relationship-driven part of finance which will make it more meritocratic, create incentives for better research, and yield fairer and more useful results for the entire financial ecosystem,” Livingston told Business Insider.