INQDATA Raises £750,000 for Data Analytics Innovation

Belfast-based data analytics startup INQDATA has successfully raised £750,000 from the Investment Fund for Northern Ireland, marking a significant milestone in its growth journey.

• Funding Achievement: The recent funding round, led by Clarendon Fund Managers, attracted a total of £2.5 million for INQDATA, including investments from Iona Star Capital and Techstart Ventures.

• Innovative Solutions: INQDATA specializes in cloud-based analytics solutions that streamline infrastructure management, data storage, and market data access for capital markets.

• CEO Insights: Theodore Voegt, INQDATA’s CEO, emphasized the strategic advantage of their high-performance, cost-effective market data-as-a-service solution.

• Impact and Vision: Voegt proudly acknowledged Belfast and Newry as global hubs of excellence while noting the sales team's presence in London, where most clients are located. He views this investment as a pivotal moment for the company’s future.

INQDATA will leverage this funding to expand its capabilities and solidify its position in the data analytics sector.