Ycharts has raised another round of capital. Some came from the old investors, and some from a new Investor.
HPA was one of the seed investors for Ycharts. In sum, they have raised $8.625 Million since their inception. They fit in nicely with the financial services ecosystem here in the midwest.
They have been a great firm ever since they started up. Shawn Carpenter is the founder and CEO.
The new player in their latest round of financing comes from across the pond. Reed Elsevier participated in the round. They also own LexisNexis. Chicago’s own Morningstar lead the last round, and reinvested in this round of financing.
“We are very bullish on YCharts and its long-term potential to transform the financial information industry,” Kevin Brown, general partner at Reed Elsevier Ventures, said in a statement.
It’s a great measure of success when a firm can raise succeeding rounds of capital at higher valuations. Ycharts has been able to do that ever since it’s inception. When you use your computer to check out your stock portfolio, use Ycharts.