Bipsync will use the investment to advance sales, marketing, customer initiatives and product innovation, it said.
“On average, investment professionals waste 40 percent of their time gathering, formatting or recreating information that already exists. Bipsync streamlines this with its best-of-breed research platform for the investment industry,” said Jennifer Lee, vice president at Edison Partners, who led the investment. “We are extremely impressed with the company’s differentiated, compliant enterprise platform that brings immediate ROI to its customers. Danny Donado and his team understand the customer and market need, and we believe Bipsync is poised to continue its rapid growth trajectory by providing a much-needed connected solution for investment knowledge operations.”
Bipsync has generated triple year-over-year growth in bookings and has realized more than 100 percent net revenue retention, Edison said.
“Investment research is intensive and expensive. Without process automation and modern technology approaches, it’s getting harder to stay competitive as well as compliant,” Bipsync Founder and CEO Danny Donado said. “Bipsync solves this problem with a configurable software solution that saves time for analysts, reduces costs for the firm and meets the compliance needs of the industry. Jennifer and the Edison Partners team understand our vision and strategy and bring the fintech expertise and operating know-how to our partnership that will help us scale the business to the next level.”