From the Wires
Hedgeye Raises Capital, Eyes Media Future
By: PR Newswire
Jan. 23, 2013 06:30 AM
NEW HAVEN, Conn., Jan. 23, 2013 /PRNewswire/ -- Hedgeye Risk Management, a leading independent financial research and media company, just closed a round of financing representing the first time the company has taken on outside capital. Investors in this round include high net worth individuals and 500 Startups, a Silicon Valley based seed fund and startup accelerator. Though Hedgeye did not disclose the amount of money raised, the company did say that it will deploy the capital as part of a broader media-focused strategy for the company.
"As the media landscape changes dramatically and as alternative types of media like Twitter emerge, Hedgeye is uniquely positioned to capitalize on this trend," says Hedgeye CEO and Founder Keith McCullough. "Our plans are bold and aggressive when it comes to media, and we wouldn't have it any other way."
"I've always been a fan of no-BS analysis, and Hedgeye helps even Wall Street idiots like me tell the difference between bulls and bears," says Dave McClure, Founding Partner of 500 Startups.
Hedgeye sees a generational opportunity in both financial services and media with a focus on proprietary content generated by the more than two dozen research analysts at the firm. Hedgeye already produces video, audio and text-based products across multiple platforms, and plans to build on that success.
SOURCE Hedgeye Risk Management
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