# Boosted.ai

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/boosted-ai

- Industry: Financial Services
- Headquarters: Toronto, Canada
- Total disclosed funding: $58M
- Latest round: Series C (Nov 25, 2024)
- Investors on record: 8

## About

Founded in 2017 in Toronto, Canada, Gradient Boosted Investments Inc., dba Boosted.ai focuses on providing advanced AI solutions for the finance sector. In November 2024, Boosted.ai raised USD 15 million in series C funding co-led by Royal Bank of Canada, HarbourVest Partners and Ten Coves Capital, including Fidelity Investments, Spark Capital, Portage Ventures. The CEO of Boosted.ai is Joshua Pantony.

Boosted.ai specializes in providing advanced AI-driven solutions tailored specifically for the finance sector, with its flagship product being Alfa. Alfa is designed to automate repetitive tasks such as market research, monitoring, and reporting, allowing financial professionals to devote more time to strategic decision-making and execution. The platform leverages a vast network of data providers to deliver insights that integrate both qualitative and quantitative metrics. Key use cases for Alfa include investment thesis validation, competitive analysis, macroeconomic commentary, and earnings call analysis. The main client base consists of financial institutions such as portfolio managers, analysts, and investment bankers, with products operating primarily in North America, Europe, and Asia.

Revenue for Boosted.ai is generated through a subscription-based model, where clients pay for access to the Alfa platform. This model allows users to leverage AI capabilities that enhance their operational efficiency by automating research and insights generation. The structure typically includes various subscription tiers, each offering different levels of service and features tailored to the needs of the client. Clients often engage in long-term partnerships to continuously benefit from the platform's evolving capabilities, ensuring they remain competitive in the financial markets. Additionally, specific services, such as tailored reports and insights, may be accessed as part of these subscription agreements, providing ongoing value to users in their investment decision-making processes.

The organization plans to use the November 2024 funding to expand its development and system.

## Funding rounds

- Series C, Nov 25, 2024, $15M — HarbourVest Partners, Spark Capital, Fidelity Investments, Royal Bank of Canada, Portage Ventures, Ten Coves Capital
- Series B, Jan 12, 2022, $35M — HarbourVest Partners, Spark Capital, Royal Bank of Canada, Portage Ventures, Ten Coves Capital
- Series A, May 5, 2020, $8.1M — Polar Asset Management Partners, Portage Ventures, Dunamu & Partners

## Investors

- Polar Asset Management Partners (https://capitalatlas.ai/funds/polar-asset-management-partners) — Series A
- Portage Ventures (https://capitalatlas.ai/funds/portage-ventures) — Series A, Series B, Series C
- Dunamu & Partners (https://capitalatlas.ai/funds/dunamu-partners) — Series A
- HarbourVest Partners (https://capitalatlas.ai/funds/harbourvest-partners) — Series B, Series C
- Spark Capital — Series B, Series C
- Royal Bank of Canada — Series B, Series C
- Ten Coves Capital (https://capitalatlas.ai/funds/ten-coves-capital) — Series B, Series C
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series C