Snowflake Ventures invests in BMLL
18 September 2023 UK
Image: GamePH
BMLL, a capital markets data provider based in London, has secured investment from Snowflake Ventures, marking a new partnership between the two parties.
As part of the investment, BMLL will provide Snowflake’s capital markets clients with Level 3 data and analytics covering more than 75 venues for equities, futures and exchange-traded funds within the Snowflake Marketplace platform.
The investment follows BMLL’s series B funding in Q4 2022, in which it secured a combined US$26 million from Nasdaq Ventures, FactSet and IQ Capital.
Paul Humphrey, CEO of BMLL, says: “We are very excited to have secured strategic investment from Snowflake Ventures. They are backing, and are aligned with, our mission to democratise access to high quality, large-scale historical data because BMLL’s data and analytics is one of the best use-cases for large-scale, financial market data in the cloud.
“We make our vast warehouse of curated Level 3 data and analytics readily available to the market and ultimately ensure that everyone can optimise their data capabilities.”
Kieran Kennedy, head of marketplace at Snowflake, adds: “BMLL has a great track record and proven traction in serving some of the world’s largest financial institutions, regulators and academics, all seeking to gain a deeper understanding of market shifts, liquidity dynamics and alpha generation. We’re excited to announce both our investment in and partnership with BMLL Technologies.”
As part of the investment, BMLL will provide Snowflake’s capital markets clients with Level 3 data and analytics covering more than 75 venues for equities, futures and exchange-traded funds within the Snowflake Marketplace platform.
The investment follows BMLL’s series B funding in Q4 2022, in which it secured a combined US$26 million from Nasdaq Ventures, FactSet and IQ Capital.
Paul Humphrey, CEO of BMLL, says: “We are very excited to have secured strategic investment from Snowflake Ventures. They are backing, and are aligned with, our mission to democratise access to high quality, large-scale historical data because BMLL’s data and analytics is one of the best use-cases for large-scale, financial market data in the cloud.
“We make our vast warehouse of curated Level 3 data and analytics readily available to the market and ultimately ensure that everyone can optimise their data capabilities.”
Kieran Kennedy, head of marketplace at Snowflake, adds: “BMLL has a great track record and proven traction in serving some of the world’s largest financial institutions, regulators and academics, all seeking to gain a deeper understanding of market shifts, liquidity dynamics and alpha generation. We’re excited to announce both our investment in and partnership with BMLL Technologies.”
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