Andreessen Horowitz, Point72 Invest in Crowd-Sourced Quantopian
- Boston-based Quantopian gets $25 million in funding round
- Quant network gears up to manage outside money by 2017
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Andreessen Horowitz and Steve Cohen’s Point72 Ventures are among investors in a $25 million funding round for Quantopian Inc., the five-year-old online platform where coders build and run computerized trading programs.
The Boston-based firm plans to use the money to enhance its platform, adding portfolio optimization tools and providing more data for algorithms written by its 100,000 or so members. Quantopian is also using the funding to beef up its investment management infrastructure in preparation for plans to start managing outside capital by early 2017.