Credit Benchmark raises $20m in series-B

Katharina Semke
15 July 2015

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Balderton Capital has led a $20m funding round for British credit risk data provider Credit Benchmark alongside previous investor Index Ventures.

Timed with the close of the second funding round, Credit Benchmark has launched in the US. The London-based company originally planned its US expansion for late 2014, following its $7m series-A funding round in July 2014.

The fresh capital will further be used to expand data gathering efforts with banks that adopt the internal-rating-based approach, finance an extension of the intelligence platform and hire more staff.

Company
Founded in 2012 and headquartered in London, Credit Benchmark has developed a contributed data model that gathers credit risk information from major banks.

Credit Benchmark's product is designed to gather internal estimates produced by analysts for institutions. The company anonymises the estimates, then analyses and aggregates the data to produce consensus views.

People
Tim Bunting is general partner at Balderton and will sit on Credit Benchmark's board of directors. Jan hammer is a partner at Index Ventures. Elly Hardwick is the CEO of Credit Benchmark.