Trading analytics fintech Propellant.digital has secured an undisclosed strategic investment from Volta Ventures.
Co-founded by CEO, Vincent Grandjean, the platform tries to maximise the value of public and proprietary trading activity, by unifying all global fixed income trading activity.
Grandjean said, “Since launching in 2021, we have been diligent about creating a reliable and top-quality offering and have grown rapidly with a diverse range of clients. This new investment allows us to continue to enhance our range of analytics and scale our platform, to hire more developers and salespeople to add to our growing list of buy-side and sell-side clients.”
The platform allows clients to normalise, clean and validate fixed income data, including cash and exchange traded funds (ETFs), and provides a range of analytical tools.
At launch, the firm’s focus was Europe, leveraging MiFID II transparency and clients’ trading activity. Earlier in 2023 it added US TRACE and SDR/SEF.
The platform now reports having more than 27 clients, including eight of the world’s top 10 fixed income trading banks, two asset managers, two hedge funds and four trading venues.
Sander Vonk, at Volta Ventures, said, “Vincent and Allan [Horgan, co-founder] have identified an opportunity to help buy-side and sell-side firms capture and analyse Fixed Income trading activity, to improve market transparency for all parties.”
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