the Zürich-headquartered ETF data and analytics platform, has closed a $13m funding round to take its offering beyond its established European base
The company positions itself as the default intelligence layer for participants across the global ETF ecosystem, spanning issuers, asset managers, liquidity providers, hedge funds and capital markets desks.
The round was led by Expedition Growth Capital, with existing backer BlackFin Capital Partners also contributing.
The fresh capital will fund the next stage of ETFBOOK’s growth, extending its data infrastructure from the EMEA region into the AMER and APAC markets.
As part of the deal, Boston-based Steve Twomey of Expedition Growth Capital has taken a seat on ETFBOOK’s board to help guide the company’s push into the US. To back that effort, ETFBOOK is standing up a US legal entity, opening a New York office and hiring locally.
The raise arrives as ETF markets expand rapidly, with assets under management reportedly reaching $25tn and projected to climb towards $35tn by 2030, according to ETFBOOK’s own figures. The company argues that the data infrastructure supporting this growth has failed to keep up, leaving fragmented sources and manual reconciliation processes that struggle to scale. Company data suggests more than 1,320 new funds have launched across Europe and the US so far this year, equivalent to roughly seven per trading day.
ETFBOOK already counts more than 70 enterprise clients across EMEA, including ETF issuers, fund administrators, market makers and authorised participants, alongside buy-side firms such as asset managers, wealth managers and hedge funds.
The business says recurring revenue has more than doubled annually over recent years. Its offering is split across three areas: programmatic data accesson, and a workforce layer that combines verified ETF data with clients’ own sources for large-scale data operations. The company is also building out an AI conversational layer across its products
Beyond the US push, ETFBOOK plans to grow its presence in Hong Kong and expand its technology hub in Cracow, while broadening data coverage and enhancing its web application across more use cases.
ETFBOOK co-founder and CEO Pawel Janus said, “Global capital has been moving out of mutual funds and into ETFs for years, and there is no turning back. What never kept up is the data and analytics underneath this growth, globally and for AI-native applications.
“Most firms still piece raw data together by hand, across a stack of vendors, formats, languages or conflicting versions. There is no single’s the problem ETFBOOK is solving, and this round is what takes our AI-native approach from the EMEA region into the AMER and APAC markets.”
ETFBOOK co-founder and CTO Bartlomiej Igla said, “We are rethinking how financial data platforms scale and deliver value. We’ve built an intelligent architecture that automates our core operations and frees us from linear headcount growth.
“This allows a lean team of technical and domain experts to focus on the best product experience for every user segment across our massive global ecosystem. With new funding, we will scale our product offering into the AMER and APAC regions, delivering an unprecedented level of unification and depth in ETF data and analytics. All that while maintaining flawless operational efficiency.”
Investors
The following investor(s) were tagged in this article.
