Funding

Danelfin funding news – Barcelona-based Danelfin Secures €2 Million in Funding

Jun 14, 2024 | By Startup Rise EU

Danelfin, a company developing AI tech to improve stock selection and portfolio management for retail investors, secures €2 million in funding round led by pan-European venture capital firm Nauta Capital, with participation from existing investors.

Danelfin, a company developing AI tech to improve stock selection and portfolio management for retail investors, secures €2 million in funding round led by pan-European venture capital firm Nauta Capital, with participation from existing investors.

Retail investors around the world may now make revolutionary decisions with the help of Danelfin's AI-powered stock analytics platform. Thousands of stock attributes are converted by the platform into an understandable stock-picking score called the AI Score, which rates investments on a scale of 1 to 10. In the last five years, stocks with an AI Score of 10 have beaten the market (S&P 500) by an average of +14.69% after three months (annualised alpha).

Millions of new investors in the USA and Europe have been drawn in by the surge in retail investment. In the United States, about 30 million consumers established brokerage accounts in the last two years. 25% of all stock trades are currently made by retail investors, a significant increase from ten years ago. Retail investors' daily investments reached a record $1.5 billion in February 2023. Furthermore, compared to 52% in 2016, 61% of American adults made stock market investments in 2023.

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Regretfully, the majority of retail investors who actively select equities typically experience subpar outcomes. Every day, millions of fundamental, technical, and alternate data points impact stock prices, and the average investor is unable to digest this amount of information. They require assistance in making more data-driven investing decisions rather than irrational ones.

Tomás Diago, founder & CEO of Danelfin and former founder of Softonic said, “When I started investing in the stock market, I was overwhelmed by the unmanageable amount of information and news about stocks, How could investors analyse all that data to make informed decisions? It was impossible for a human mind. I realised that only artificial intelligence could do it, filtering out the noise and providing data-driven insights.”

Conventional stock analysis models find it challenging to address the analytical difficulty of the behaviour of stock prices in financial markets. Danelfin's artificial intelligence models analyse all of the historical and current market data, including more than 10,000 daily fundamental, technical, and sentiment variables for each stock and ETF, to detect patterns of activity in order to get around this challenge.

Jordi Viñas, General Partner at Nauta Capital, stated: “Danelfin stood out due to the experienced team, their unique use of AI to democratise informed decisions for picking stocks, and its traction in a growing market. Most of the company’s growth to date is organic through SEO and virality. Considering the volume of stock related searches continues to grow we consider the market to be full of potential. Ultimately, Danelfin is a prosumer, rather than a consumer play, where retail investors pay for a subscription that helps them obtain positive returns on their investments.”

About Danelfin

Danelfin is an artificial intelligence startup that provides retail investors with a stock analytics platform driven by AI. They give you all the tools you need to make data-driven, more informed stock market decisions.

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