GeoQuant, a data and political science startup based in Israel and New York City, has raised $4 million in seed funding. The investment comes from the Tel-Aviv-based Aleph VC, and XL Innovate, based in Silicon Valley. As part of the deal, Michael Eisenberg from Aleph VC and Martha Notaras from XL Innovate will join GeoQuant's board.
The political stability of the country they are investing in is an important concern of investors, and GeoQuant wants to help them address this using quantifiable data. The company has developed software that aims to help investors measure the political risk of their investments in real time.
The startup will use the new capital to continue developing its product, expand, and grow its client base, according to a statement.
“We have been looking for opportunities to bring order to the political and institutional chaos affecting the world right now,” said Eisenberg, as reported by The Times of Israel. “Globalization of business and foreign direct investment is increasing while at the same time the world is becoming less stable. It is critical that businesses understand these risks and opportunities and prepare for them with real data, not punditry.”
GeoQuant's software searches the Internet for relevant data, news and social media content. The startup's own team of political scientists and regional experts then assess the data, generating daily country scores and other indicators measuring political stability around the world.
Read more: The Times of Israel