STRATxAI secures €1.5m to seize opportunities in AI-Powered Investing
Dublin based Fintech, STRATxAI has successfully raised €1.5m and officially launched Alana a powerful investment platform that leverages AI to generate smart investment portfolios.
The investment industry is on the brink of seismic transformation, driven by escalating investor demands for customisation and rapid technological advancements. Aware of the pressure facing firms in the sector, CEO Paul Clifford joined with co-founder Conor Naylor to devise solutions that accelerate the development of high-performing custom portfolios for the investment management industry.
“I moved from working in hedge funds and global investment banks into fintech, knowing that new technology, like AI, could transform this performance-driven sector” STRATxAI, CEO Paul Clifford said. “The launch of Alana, puts investment professionals at the forefront of the AI revolution, and gives them the means to leverage data-driven strategies to meet the demands of investors.”
STRATxAI empowers asset management and investment firms to rapidly launch AI investment portfolios without the need for in-house quantitative research or machine learning skills. The Alana Investment Platform features pre-coded signals to provide endless possibilities for portfolio creation. Enterprise clients use Alana to develop and manage Smart Portfolios; customisable model portfolios, complete with historical backtesting, in-depth performance analytics and rebalancing.
Existing Clients and Partnerships:
eToro, the trading and investing platform, has partnered with STRATxAI to launch a Smart Portfolio that offers exposure to high value US stocks.
Hedge funds are using STRATxAI to create smart investment strategies and outperform the market.
Fintechs are deploying STRATxAI to develop custom portfolios for their retail investors.
STRATxAI is among a select number of startups chosen to be showcased at Money2020, Europe's biggest Fintech conference, which the team will attend in Amsterdam June 4-6th.
Quote from Amy Neale, Delta Partners “The wealth and asset management industry is undergoing macro shifts that will be enabled by technology. At Delta, we are thrilled to lead STRATxAI’s new investment round, supporting the team to become a market leader that helps investment professionals to generate better returns and to make it easier for their clients to put their money to work”
Quote from Colm O’Sullivan, Furthr VC: “We are very excited to be backing STRATxAI and its highly impressive team as they set out to offer world-class investment experiences to their customers, enabled by deeply sophisticated technology. Furthr VC invests in, and partners with highly ambitious start-up teams to support their global growth plans. I am looking forward to working with the STRATxAI team as the company scales rapidly.”
About STRATxAI
STRATxAI Technologies Ltd is a Dublin based fintech, majority owned by Paul Clifford and Conor Naylor and was officially launched February 2023. The company operates a technology platform and is an SEC-Registered Investment Advisor (US).
Visit www.stratxai.com and follow us on LinkedIn (https://www.linkedin.com/company/stratxai/)
About Delta Partners
Delta Partners is a venture capital firm that invests in early stage startups in Ireland. For over 30 years Delta Partners has been supporting entrepreneurs to build great businesses. Having invested in over 140 companies with exits generating €1.8B, Delta has a track record of investment performance, with LPs including Bank of Ireland, Enterprise Ireland, and Fexco, as well as the family offices of successful Irish technology entrepreneurs. Today, the Delta team are investing in early stage Irish companies across a range of sectors.
Check us out at www.deltapartners.com and follow us on Twitter (https://twitter.com/DeltaVC) and LinkedIn.
About Furthr VC
Furthr VC, the venture arm of Furthr, launched its latest early-stage venture fund in late 2019 with the backing of leading Irish technology entrepreneurs and business leaders, as well as Enterprise Ireland. The fund is highly active, investing in Seed to Series A-stage B2B software and MedTech companies in Ireland, with initial investments of up to €650K. Furthr VC invests in and partners with highly ambitious start-up teams developing globally scalable products and services, and which are positioned to become the next generation of Ireland’s leading technology companies. In addition to providing institutional capital at an early stage, Furthr VC is a long-term partner to its portfolio companies and can invest up to €3M in a company through subsequent follow-on investment rounds.