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Corporate Venture
FINANCE | Investment Firms & Funds
hearst.com/fitch-group/financial-venture-fund

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Investments

9

Portfolio Exits

3

About Fitch Ventures

Fitch Ventures makes equity investments in emerging technology companies in the financial services industry to help accelerate their commercial growth. Portfolio companies benefit from the strategic support and expertise of Hearst and Fitch Group, a global leader in financial information services. Fitch Ventures was established in 2016 and is based in New York.

Fitch Ventures Headquarter Location

300 West 57 Street 37th Floor

New York, New York, 10019,

United States

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Fitch Ventures Web Traffic

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Page Views per Million (PVPM)
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Latest Fitch Ventures News

Cognitive Credit secures £6 million Series A investment led by Fitch Ventures

Nov 23, 2021

22 November 2021 Cognitive Credit , the UK-based developer of analytics software for corporate credit markets, is pleased to announce it has closed its latest funding round, a £6mm Series A raise led by Fitch Ventures, the equity investment arm of Fitch Group, with XTX Ventures, the venture capital arm of XTX Markets, Pentech, a venture capital investor in category leading software companies, and several industry insiders also participating. The Company will use the funding to extend its market leadership, growing its team in the UK and entering the US. It expects to launch multiple products across global credit markets in the coming year, and is currently hiring across its engineering, commercial, and data divisions in both regions. Today the Company counts among its clients the world’s leading investment banks, asset managers, hedge funds, and financial/legal advisory firms. It has experienced significant growth in 2021, as an ever-greater number of credit market participants look to harness technological innovation to gain competitive edge and/or mitigate increased operating costs. Cognitive Credit has raised £10mm in funding to-date to develop machine reading technology and web-based modeling tools custom-designed for credit markets. At over $10 trillion, corporate credit is one of the world’s largest investment markets, yet credit analysis remains a specialist domain overlooked by the major financial technology providers. Every year institutional investment firms each spend millions searching corporate reports to analyze data essential to their businesses in a process that is time consuming, costly, tedious, and prone to human error. Since its founding nearly 4 years ago, Cognitive Credit has worked with major buy-side and sell-side firms to develop intuitive, advanced software that relieves investment teams of mundane, repetitive data processing so that they can allocate more time to their highest value-added work. The Company’s innovative, data-driven application combines modern productivity tools, analytical features that enable more efficient and precise corporate credit analysis, and data resulting from proprietary extraction technology that is fast, accurate, and guarantees transparency. Robert Slater, CEO and Founder of Cognitive Credit, said, “We are thrilled to be adding the resources and expertise of Fitch Group and XTX to the Cognitive Credit mission. Every day we strive to push the boundaries of what technology can do for credit investors, and we see huge opportunities to collaborate with our new strategic partners in this area. We have received phenomenal feedback from clients over the past year, and with this capital raise and near-term additions to the team, we couldn’t be more excited about our global expansion and further product roll-out in 2022.” Shea Wallon, Managing Director at Fitch Ventures, said, “Cognitive Credit is transforming the way credit market participants access fast moving data and insights to make investment decisions. Its cloud-based platform, powered by robust AI/ML, enables its clients to maximize their analytical capabilities across investment, trading, and advisory businesses. We are excited to be part of Cognitive Credit’s journey as they continue to expand their products and services.”  For further information, please contact: About Cognitive Credit At Cognitive Credit, we bring together experts in technology and finance to create scalable solutions custom-designed for institutional credit investors. By joining the most accurate fundamental data in the market with real-time updates and a suite of advanced analytics, we empower our clients to be as productive and insightful as possible. About Fitch Ventures Fitch Ventures is the equity investment arm of Fitch Group, a global leader in financial information services with operations in more than 30 countries. With dual headquarters in London and New York, Fitch Group is owned by Hearst. Fitch Ventures makes equity investments in innovative and emerging technology companies in the rapidly evolving financial services industry to help accelerate their commercial growth. Portfolio companies benefit from the strategic support and expertise of Fitch Group and Hearst.

Fitch Ventures Investments

9 Investments

Fitch Ventures has made 9 investments. Their latest investment was in Cognitive Credit as part of their Series A on November 11, 2021.

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Fitch Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/22/2021

Series A

Cognitive Credit

$7.99M

Yes

3

7/29/2021

Series A

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$99M

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10

3/18/2021

Series E

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$99M

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10

10/29/2020

Series A

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10

9/28/2020

Series A

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$99M

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10

Date

11/22/2021

7/29/2021

3/18/2021

10/29/2020

9/28/2020

Round

Series A

Series A

Series E

Series A

Series A

Company

Cognitive Credit

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Amount

$7.99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

3

10

10

10

10

Fitch Ventures Portfolio Exits

3 Portfolio Exits

Fitch Ventures has 3 portfolio exits. Their latest portfolio exit was PeerIQ on June 23, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/23/2021

Acquired

7

2/10/2021

Acquired - II

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10

10/20/2020

Acquired

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10

Date

6/23/2021

2/10/2021

10/20/2020

Exit

Acquired

Acquired - II

Acquired

Companies

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Valuation

Acquirer

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Sources

7

10

10

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