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ETFbook Raises $13M to Expand Global ETF Data

ETFbook raised $13M in a funding round led by Expedition Growth Capital to expand its ETF data and analytics business into the Americas and Asia-Pacific.

By Raina Gimmel

Pawel Janus, CEO of ETFbook.

The big picture: Zürich-based ETFbook, a provider of ETF data and analytics, has raised $13 million in a funding round to broaden its global reach beyond Europe.

Why it matters:

  • Market Growth: The global ETF industry is rapidly expanding, with assets reaching approximately $25 trillion and projected to hit $35 trillion by 2030, creating a significant demand for specialized data solutions.
  • Data Fragmentation: Despite rapid growth, the underlying data infrastructure for ETFs has lagged, forcing firms to manually reconcile fragmented data sources.
  • Global Expansion: The funding will support ETFbook’s strategic expansion into the Americas and Asia-Pacific, including establishing a U.S. legal entity, a New York office, and local hiring to capitalize on these markets.

How it works:

  • Integrated Platform: ETFbook offers programmatic data access via an API, analytics through a web application, and a workforce layer that combines verified ETF data with client-specific sources for large-scale operations.
  • AI Integration: The company is developing an AI conversational layer across its product suite, aiming to provide a single source of truth for global ETF markets, including for AI-native applications.
  • Automated Operations: ETFbook’s architecture automates core operations, limiting the need for linear headcount growth and allowing a lean team to focus on product delivery and innovation.

The catch: While the ETF market is growing, it is also becoming increasingly competitive, with established financial data providers and new entrants vying for market share. ETFbook’s success hinges on its ability to differentiate its AI-native data solutions and effectively navigate regulatory complexities in new markets, particularly in the U.S. and Asia-Pacific, where local expertise and strong partnerships will be crucial.

Key Facts

  • Company: ETFbook
  • Amount: $13M
  • Investors: Expedition Growth Capital (lead), BlackFin Capital Partners
  • Founders: Pawel Janus, Bartłomiej Igła
  • Sector: ETF Data & Analytics
  • Headquarters: Zürich, Switzerland

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