Quiver, Inc.

Quiver Quantitative is a financial data platform that provides retail investors with access to alternative datasets typically used by institutional investors. The company was founded in 2020 by brothers Christopher and James Kardatzke, both graduates of the University of Wisconsin. The idea was to bridge the information gap between Wall Street and individual investors by offering free, high-quality alternative data.

The platform aggregates data from a wide variety of public sources, including government filings, social media, corporate disclosures, and news articles. Key datasets featured on Quiver's dashboard include stock trading activities of U.S. senators and representatives, government contracts, corporate lobbying efforts, and sentiment analysis from social media platforms like Reddit's WallStreetBets. The tracking of congressional stock trades gained significant user interest and contributed to the platform's early growth. The service rose to prominence in early 2021 as both retail and institutional investors sought to monitor the activities of retail traders.

Quiver Quantitative operates on a freemium business model. It offers a free dashboard with access to numerous datasets, which helped it grow to over 300,000 registered users since its launch. A premium subscription is available, providing access to more extensive data, backtesting capabilities, and advanced analytics. The company has raised a total of $2.52 million over two funding rounds. A seed round in January 2021 was followed by a $2 million Series A round in March 2022, led by Allos Ventures, to expand its platform and user base.

Keywords: alternative data, retail investors, quantitative analysis, stock market data, financial data, investment research, congressional trading, government contracts, social media sentiment, market intelligence, institutional investors, WallStreetBets, fintech, data analytics, stock research platform, portfolio tracking, backtesting