Madrone

Madrone, founded in 2013 and headquartered in San Francisco, California, operated as a provider of a behavioral-based portfolio, risk analytics, and market intelligence platform. The company was established to give investors a clearer picture of their portfolios and businesses, enabling them to make data-driven decisions.

The firm's big data platform aggregated data from both public and private sources, ensuring confidentiality and offering flexible permission controls. This allowed asset management companies to analyze and automate their portfolios using accurate data and predictive analytics. Madrone's primary clients were in the asset management sector, and it operated within the Media and Information Services (B2B), Business/Productivity Software, and Financial Software industries.

In a significant milestone, Madrone was acquired by Solovis on December 5, 2017. Solovis itself was a fintech company founded in 2013 by Josh Smith and Caleb Doise, who brought their domain expertise from the investment manager space. Solovis developed a cloud-based platform for multi-asset class portfolio management, reporting, and analytics, specifically designed for institutional investors like endowments, foundations, pensions, and family offices. Following its own growth, which included raising over $20 million in funding, Solovis was acquired by Nasdaq in March 2020 to be integrated with Nasdaq's eVestment group.

Keywords: Madrone, Solovis, behavioral-based portfolio analytics, risk analytics, market intelligence, big data platform, asset management software, portfolio optimization, predictive analytics, financial software, media and information services, eVestment, Nasdaq acquisition, Josh Smith, Caleb Doise, institutional investor tools, fintech, data aggregation