# Xignite

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

- Industry: Financial Services
- Headquarters: San Mateo, US
- Website: www.xignite.com
- Total disclosed funding: $36M
- Latest round: Series C (Feb 2, 2016)
- Investors on record: 4

## About

Xignite, Inc. is a US-based financial technology company that specializes in providing market data solutions for financial institutions through cloud-based services.Founded in 2006, Xignite, Inc. operates from its headquarters in San Mateo, California, US. The company focuses on delivering financial data solutions and has undergone developments in its business strategy, including a recent acquisition by Quodd in February 2023. The acquisition aims to enhance Quodd’s platform and strengthen its presence in the financial services ecosystem. Stephane Dubois serves as both the CEO and Founder of Xignite, bringing extensive experience in financial technology.Xignite, Inc. specializes in delivering market data solutions tailored to the needs of financial institutions. Its core product is the QX Digital Platform, a cloud-based service providing real-time and end-of-day securities pricing across all asset classes, reference data, and comprehensive financial metrics. The platform serves over 1,900 institutions in the financial services industry, including banks and asset managers, primarily in North America and Europe, allowing clients to access customizable data products that include detailed intra-day global equity descriptive data, corporate actions, and fixed income terms.Xignite generates revenue through a flexible pricing model, which includes subscription-based access to its data services. Clients subscribe to various data streams tailored to their operational requirements. The pricing structure accommodates diverse business models, including B2B partnerships and direct subscriptions from fintech startups, ensuring transparency in billing practices. The company offers a range of modularized data products, allowing clients to choose options based on their specific needs.In February 2023, Quodd acquired Xignite, Inc., intending to develop its platform further and support its next phase of growth. The acquisition aligns with Quodd’s strategy to strengthen its position in the financial services ecosystem market. Future growth initiatives include the design and launch of new products and expansion into additional geographic regions, although specific dates for these launches have not been disclosed. Recent funding will facilitate these developments and enhance the overall capabilities of Xignite’s offerings.

## Funding rounds

- Series C, Feb 2, 2016, $21M — StarVest Partners, Altos Ventures, Startup Capital Ventures, Quick Corp.
- Series B, May 25, 2011, $10M — StarVest Partners, Altos Ventures, Startup Capital Ventures
- Series A, Nov 11, 2009, $2.5M — Altos Ventures, Startup Capital Ventures
- Series A, Feb 26, 2009, $1M — Altos Ventures, Startup Capital Ventures
- Series A, Apr 26, 2006, $2.2M — Altos Ventures, Startup Capital Ventures

## Investors

- Altos Ventures (https://capitalatlas.ai/funds/altos-ventures) — Series A, Series B, Series C
- Startup Capital Ventures (https://capitalatlas.ai/funds/startup-capital-ventures) — Series A, Series B, Series C
- StarVest Partners (https://capitalatlas.ai/funds/starvest-partners) — Series B, Series C
- Quick Corp. — Series C