TipRanks Raises $77 Million Investment to Support Retail Investors

Analyst ranking service, TipRanks​ announced that it has raised a $77 million investment led by  technology company Prytek and More Investment House.

​Established in 2012, TipRanks offers a simplified stock research platform that makes alternative datasets accessible and visual for retail investors.

This investment round comes after an extraordinary year for the company which saw subscription sales grow by 300%. The company currently has over 4 million monthly users. It also has an enterprise solution used by numerous financial institutions including Nasdaq, E*TRADE, TD Ameritrade, eToro, Bank Santander and others that have integrated TipRanks’ research tools onto their platforms.

 “In addition to being the only company that ranks analysts based on their performance rather than the prestige of the bank they work for, we are the only company that makes aggregated analyst ratings available to retail investors. This gives investors access to information that would otherwise cost tens of thousands of dollars each year”, Uri Gruenbaum, Co-Founder and CEO said.

He continued, “We have leveraged our popularity and strong tech capabilities to launch more tools and datasets. This has given the average Joe and Jane access to the same data as the biggest asset managers. We analyze all finance related news, corporate filings, analyst research and social media to provide retail investors with the same level of information that only institutional investors can afford. By doing so we enable retail investors to make data-driven investment decisions.”