BattleFin Acquires Exabel, Secures $4 Million to Boost Global Leadership in Alternative Data
Rowayton, CT – On December 17, 2024, BattleFin Group, a leader in alternative data discovery, announced the acquisition of Exabel, a top-tier alternative data analytics platform. Alongside the acquisition, BattleFin raised $4 million in funding, led by AWC and Jefferies, with prior backing from the London Stock Exchange Group. The funds will drive AI innovation, platform enhancements, and international expansion.
Exabel, established in 2016, delivers advanced tools for analyzing alternative data. With over $21 million invested in its development, the platform integrates more than 65 pre-mapped datasets and enables users to combine these with proprietary data for unique insights. Exabel stands out for its ability to provide immediate value through its models while allowing advanced users to dive deeper into data analysis.
The platform’s capabilities, crafted by experts in mathematics and data science, have set a new standard for alternative data analytics. Its team includes Olympians in mathematics and informatics, as well as former employees of BlackRock, Goldman Sachs, and leading data firms.
Founded in 2012, BattleFin has built a network of over 800 alternative data providers and 300 business clients, aggregating more than 2,800 datasets. The combination of BattleFin’s data catalog and Exabel’s analytical tools aims to create unparalleled value for data buyers and providers.
“Blending BattleFin’s customer relationships with our technological expertise creates exciting opportunities,” said Andreas Aglen, CEO of Exabel. Tim Harrington, BattleFin’s CEO, praised Exabel as a standout buy-side platform, emphasizing its ability to amplify the value of existing datasets.
Exabel’s platform will debut its enhanced features at BattleFin’s Discovery Day event in Miami from January 22-24, 2025, offering a glimpse into the future of data intelligence.
Exabel’s platform will showcase its enhanced features as the Exclusive Alt Data Research Partner at the Sohn NYC conference May 14th with speakers Steve Cohen, Karen Karniol-Tambour, David Einhorn, Daniel Loeb, and many others. https://www.sohnconference.org/sohn2025
