Detroit Startup Benzinga Raises $3 Million

By Amanda Lewan on September 29th, 2016 / Comments

Detroit based Benzinga, a financial tech media site, announces today an investment raise of $3 Million, with investment from entrepreneur Dan Gilbert and WorldQuant Ventures.

The investment will fuel an expansion of Benzinga’s original market-moving content and data service infrastructure, allowing Benzinga to better serve its rapidly increasing demand from traders and investors.

“We’re very excited to announce our investment in Benzinga,” said Steven Lau, managing director of WorldQuant Ventures. “Benzinga is already a top financial news site, particularly with active traders and millennials, and we believe it has tremendous growth potential within the investment world.”

Benzinga offers a hands-on approach to financial news along with data that helps investors better understand their markets. Benzinga Pro platform is an exclusive data intelligence experience that is becoming lost in many capital markets.

“Benzinga is focused on changing the way banks, hedge funds, and individuals consume information,” said CEO Jason Raznick. “Benzinga provides unique, actionable content to investors. WorldQuant Ventures will be a key partner as Benzinga continues to innovate, provide best-in-class data services, and throw our signature events.”

 

The startup is located in Downtown Detroit inside the Compuware Building. The company plans to aim for “aggressive growth”, expanding in Detroit and New York hiring salespeople, data scientists, editorial staff and developers to continue to disrupt the capital markets media landscape. Check out current positions at jobs.benzinga.com.

 

About the Author

Amanda Lewan

Amanda Lewan

Editor @michipreneur. Co-founder Bamboo Detroit. Follow me @Amanda_Jenn. I love telling the story of entrepreneurs and innovators.