Singletrack, a provider of client engagement, research management analytics for capital markets, has received a significant capital growth investment from technology and software investor Accel-KKR.
The investment will support Singletrack’s global expansion plans and strategic merger and acquisition activity.
Singletrack’s sell-side platform leverages assets and information for sales, trading, research, and client relationship management (CRM) using advanced technologies, such as artificial intelligence and machine learning, to produce client behaviour insights.
On the buy-side, Singletrack hosts a vendor relationship platform that captures a range of interactions between brokers and other research providers, to inform research acquisition strategies, vendor management, and allocation of research finance.
Commenting on the investment, Stuart Berwick, co-founder and CEO of Singletrack, says: “Our success within the space can be measured in several ways: from our client base, which includes top performing independent investment banks, to our 29-country global footprint and our expanded product offerings which serve both buy- and sell-sides.
“As the capital markets grow in opportunity and complexity, we are poised for aggressive market expansion. This investment from Accel-KKR is a great catalyst for Singletrack and our mission.”
Phil Cunningham, managing director at Accel-KKR and lead for the firm’s emerging buyout partners fund, adds: “Singletrack recognised early on the potential in combining on-demand technology and advanced analytics for a purpose-built CRM solution for capital markets.
“Seasoned leaders like Paul Dyson and Stuart draw on deep experience within the global investment banking industry and their informed approach has differentiated the company, propelling Singletrack to the forefront of financial CRM tools and positioning it to capitalise on a fragmented marketplace. We are excited to partner with Singletrack as they grow.”
