BridgeWise (formally Deshe Analytics), an Israeli start-up that analyzes financial data and produces research, has raised $13 million in a seed round. The company was founded in 2019 by Gabriel Diamant (CEO) and Mor Hazan (VP of Product). Bridgeways employs 35 people in Israel, Armenia and Brazil. The capital raised will be used by the company to penetrate additional markets, to develop new products, to increase its competitive advantage and to deepen its language skills.
The company works with banks, investment houses and trading platforms, including Bank Hapoalim, FIBI Bank, Psagot, Excellence, Meitav Dash and IBI. Its technology performs a daily in-depth analysis of the financial report data of all the equities in the world and ranks the probability of each company to provide an excess return over its peer group.
The round was led by Group11 fund, with the participation of L4VB, Mangrove Capital, Jeffrey Keel (former president of National Republic Bank owned by Edmond Safra) and Howard Morgan.