Thinknum announced today that it has closed a new round of equity financing from existing investors. This raise provides ample capital for the company to accelerate its alternative data offerings and expand into new market segments.
Thinknum is a leading provider of alternative data for financial institutions and corporations. Thinknum enables institutional investors to generate Alpha-producing investment ideas and allows corporations to gain differentiated insights that answer important business questions. It provides a SaaS-based web platform with an easy-to-use interface that appeals to clients with varying levels of data sophistication.
Thinknum is pleased to welcome Rick Spitler as Chairman of its Board of Directors. Mr. Spitler co-founded Novantas, a leading fintech provider of advanced decision support systems and data. Novantas merged with Informa’s FBX business in 2021 as part of a sale forming Curinos, where Rick currently serves as Head of Brand and Partnerships. Rick brings 30+ years of experience and executive leadership to Thinknum.
"I am excited about joining the Thinknum board," says Mr. Spitler. "Its talent pool, offerings and reputation are outstanding and provide a terrific platform for future growth. The alternative data category is enabling new opportunities for predictive and prescriptive analytics which Thinknum is squarely positioned to support."
Gregory Ugwi, Thinknum's cofounder and CEO since day one, says "I am excited about the opportunity for us to build a web data company that supports and transcends the alternative data industry. I am thankful for our clients, team and investors, who helped us navigate a challenging environment and come out of it stronger than ever".
Thinknum will continue to provide a variety of high-quality alternative data offerings that offer significant value to clients.