The funding comes at a period of fast growth. The company pointed out that its revenue has significantly grown in the past 12 months, but it did not reveal any numbers.
The investment will help BMLL expand its data coverage across global markets. The funding will support investment in acquiring new global data sets and growing its engineering capabilities. The company noted that plans to expand its North American presence by opening a New York office.
BMLL provides services to several Tier-1 clients, such as banks, brokers, hedge funds, exchanges and buy-side firms. The company’s clients include the Financial Conduct Authority (FCA ), NYU’s Quant Team and Kepler Cheuvreux’s teams. In addition, it partnered with Aquis Exchange, SIX Group and Jefferies.
Paul Humphrey, CEO of BMLL, added:
It has been our mission to democratise access to Level 3 data and analytics capabilities and the latest funding will support our aim to make these insights available to a wider audience. We are immensely proud of the outstanding industry recognition we have gained over time, and I’d like to thank my team for their unwavering dedication to customer services, our esteemed clients for their support, and our investors for backing our vision.
