AI stock picking platform Danelfin raises €2 Million
#Danelfin, an award-winning company that leverages artificial intelligence to enhance stock selection and portfolio management for retail investors, has successfully raised €2 million in a funding round led by Nauta Capital, with participation from existing investors.
Founded in 2021, Danelfin aims to democratize the use of AI in investment decisions, making powerful analytical tools accessible to retail investors worldwide. The platform provides an AI-powered stock analytics service that transforms thousands of stock features into an easy-to-understand stock-picking score, known as the AI Score. Stocks rated with an AI Score of 10 have outperformed the S&P 500 by an average of 14.69% over three months, annualized over the past five years.
Danelfin was founded by Tomás Diago, the former founder of Softonic, and Aarón Román González, who serves as the Chief Data Scientist. The idea for Danelfin emerged from Diago’s personal experience of being overwhelmed by the vast amount of information available for stock trading. Realizing that only artificial intelligence could process such data efficiently, Diago and Román set out to create a platform that brings AI’s analytical power to all investors, not just hedge funds and elite investors.
The latest funding round was led by Nauta Capital, a pan-European venture capital firm. Jordi Viñas, General Partner at Nauta Capital, highlighted Danelfin’s unique use of AI to democratize informed stock picking and its impressive traction in a growing market. The company's growth has been largely organic, driven by SEO and virality, reflecting the increasing volume of stock-related searches.
The retail investing boom has attracted millions of new investors in the USA and Europe, with retail investors now constituting 25% of all stock trades. Despite the surge in participation, many retail investors struggle to achieve positive returns due to the complexity and volume of data influencing stock prices. Danelfin addresses this challenge by providing data-driven insights and predictive ratings, helping investors make smarter decisions.
With the recent €2 million funding, Danelfin plans to enhance its product offerings, support growth, and expand internationally. This move will further its mission of making sophisticated AI tools available to every investor, enabling them to navigate the complexities of the stock market with greater confidence and success.
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