Singapore based provider of on-demand investment research raised the amount to create a platform (akin to Spotify) where investors pay an annual fee to access research.
Investors in the deal were Wavemaker Partners, Jungle Ventures and Tan Chin Hwee.
The second round of financing brings total capital raised to $7.5 million, the company said in a statement Wednesday. Other participants in the round included a group led by Koh Boon Hwee, former chairman of Singapore Telecommunications Ltd. Founded in 2014 by Singapore-based financiers Raghav Kapoor, Jon Foster and Lee Mitchell, Smartkarma is part of a wave of startups targeting Asia’s financial industry. It wants to improve the way institutional investors create, distribute and consume investment insights by allowing them to post their views on its platform -- and get paid