YCharts raises $3.25M for stock research and analysis

Faith Merino · November 17, 2011 · Short URL: https://vator.tv/n/21a6

The company gets support from Morningstar

If I trusted myself with my own money, I would be investing like no tomorrow.  I would be allll up in Apple’s business.  But I know too well how lazy I truly am, and that I wouldn’t take the time to actually research stocks.  Of course, it wouldn’t be that hard to do a little research with stock research tools like YCharts, I just know that despite my lofty ambitions, it would never happen.

But that’s not stopping other, more driven and committed individuals from doing their research, which has drawn a few investors to the stock research space.  YCharts announced Thursday that it has raised $3.25 million in a Series B round of funding led by Morningstar, which contributed $2.45 million to the round.  The Hyde Park Angels, I2A, and a number of other angel investment firms also participated in the round.  The new capital brings YCharts’ total raised to $4.75 million.

Founded in 2008 by former executives from Google, The Wall Street Journal, and Bear Stearns, YCharts makes it easy to get the information you need to make smart investing decisions by providing analysis on a variety of company stocks using 75 different metrics, including revenue growth, market cap, dividend yield, and total returns, among others.  The platform provides analysis on more than 5,000 stocks and more than 3,000 economic indicators.

And the users are flocking.  In a little over one year, YCharts’ user base has grown to some 400,000 users from 30,000, and CEO Shawn Carpenter tells me that some 90% are high net worth individuals, while the remaining 10% work for brokerage firms.

Users can access the site’s offerings for free, or they can upgrade to a “Pro” account for $39.95 a month.  The company also generates revenue from advertising.

“YCharts has developed a compelling way to visually display fundamental equity data that helps investors better understand the financial underpinnings of companies in their portfolios,” said Morningstar CEO Joe Mansueto in a statement.  “Its investor-centric approach aligns well with Morningstar's mission, and our investment in this fast growing company is a natural fit for us."

Carpenter says that the company is approaching profitability and that he expects the new round of funds to push the company in that direction.  YCharts plans to use the new capital to ramp up hiring, scale infrastructure, increase marketing efforts, and expand the scope of its financial research.

 

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Faith Merino

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YCharts is growing rapidly with almost 50,000 unique visitors. We are also contributors to SeekingAlpha and syndicated to many of the top financial publications.

Professional
 investors
 have
 long
 had
 the
 advantage
 of
 access
 to
 sophisticated
 analytical
 tools 
and
 market 
trend
 data 
that
 enables
 them
 to 
make 
informed, 
timely 
investing
 choices
 and 
minimize
 the
 risk
 of
 loss.
 Now,
 for
 the
 first
 time,
 YCharts
 is
 making
 these
 same
 powerful
 tools
 and
 data
 available
 to
 the 
individual
 investor.


Our team is based in Chicago and New York with experience at Google, Bear Stearns, Lehman Brothers , Tribune and WallStreetView.

YCharts was founded out of frustration with current investor research options that focus on snapshot data, real-time prices, technical analysis and ignore the long-term core business trends. It still takes 2-4 hours to analyze a single company’s fundamental business trends and even longer if you try to factor in other companies, industry performance and economic indicators. YCharts eliminates the manual process of analyzing company/market trends and makes them visual, interactive and social.

We’re building a powerful market research tool that combines advanced data analysis, visualizations and proprietary algorithms to help investors analyze companies and ultimately make better investment decisions.” Co-founder & CTO Ara Anjargolian.

YCharts visualizes massive amounts of market information to identify companies with long-term competitive advantages and appropriate valuations. Fundamentals matter and we believe it’s important to understand how companies perform over time and relative to their peers. We cover over 5,000 U.S. companies and manage over 40 million investor trends in real-time. We’re confident that the insights we create from over 10 years of actual business results – are valuable for users who are looking to improve their understanding of company trends. "Risk comes from not knowing what you’re doing.” Warren Buffett

YCharts provides you with insights on company valuation, growth and profitability trends in real-time. Feel free to post ideas and suggestions here. You can also follow us onTwitter or check out the latest press coverage.

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