ETFbook secures Euro 4 million to fuel growth

In 2024, the ETF industry achieved unprecedented success, attracting $1.9 trillion in net inflows and surpassing $15 trillion in assets under management (AUM). This rapid growth confirmed ETFs as the dominant force in asset management. However, managing and analysing ETF data is typically a manually-intensive, error-prone, time-consuming, and expensive process. ​The ETF data landscape involves numerous data points, frequent changes, inconsistent formats, and multiple sources, making it difficult to obtain accurate and comprehensive information. ​ 

Zurich-based company SquaredData AG, with offices in London, Paris, Frankfurt, Amsterdam, and Dublin, has been solving these issues since 2020, providing the European ETF/ETP space including Crypto ETPs with their solution, ETFbooks. This next-generation AI-enabled platform leverages Big Data, AI/ML, and SaaS/DaaS to provide single, accurate, consistent, and up-to-date global ETF data and ready-to-use analytics.

Their services include reference data, AUMs, primary flows, secondary trading volumes and spreads, and calculations like Portfolio Composition File (PCF) and slippage. ​With the increasing sophistication of newly launched products like Active ETFs or Digital Assets ETPs, ETFbook provides solutions to support portfolio composition files production that enable the listing of those new ETF issuers’ products. Given the market’s innovative drive forward, ETFbook has already started embedding AI capabilities in its offering to automate internal workflows and produce more predictive insights for its clients.

The company is working with over 35 institutional clients including issuers, service providers, exchanges, market makers, index providers, and buy-side investors. Additionally, the company collaborates with over 70 ETF/ETP promoters in Europe and plans to introduce US ETFs in the first half of 2025. ​

The recent funding round led by BlackFin Capital Partners will fuel ETFbook's further expansion and growth. This includes attracting top talents across the organization for the roles of product development, data science, sales and marketing. They will help enhance platform capabilities, notably drawing on the latest AI advancement, expand data coverage and ignite faster growth, especially as ETFbook prepares for a US market entry already later this year.

"As a finance-focused investor, we observe daily the strong tailwinds propelling forward the whole ETF industry” states Romain Grimal, Sr. Investment Manager at BlackFin Capital Partners. "We have been impressed by the robustness of ETFbook's platform as well as its founding team's execution capabilities. ETFbook provides an answer to the needs of all stakeholders involved. We share Pawel and Bartlomiej’s vision and are thus delighted to lead ETFbook's Series A funding round to support them in becoming the leading source of truth for the ETF market."

(Press release/RAN)