Madison fintech startup led by 22-year-old twin brothers just raised $2 million

Quiver Quantitative Inc. — a fintech platform that says it’s bridging the data gap between Main Street and Wall Street investors — has raised $2 million, the Madison startup said Wednesday.

The round was led by Allos Ventures, which has offices in Cincinnati and Indianapolis. Other participating investors were Chicago’s M25; Kentucky’s Connetic Ventures; Bascom Ventures, Lancaster Investments and the Wisconsin Alumni Research Foundation in Madison; and the Idea Fund of La Crosse.

Quiver Quantitative provides retail investors with dashboards of alternative data — information not found on financial statements — that could inform investment decisions.

Founded in 2020 by twin brothers James Kardatzke and Christopher Kardatzke, Quiver Quantitative previously raised $625,000 in pre-seed and seed capital led by the Idea Fund of La Crosse.

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Note: James and Christopher Kardatzke are both 2020 UW-Madison alumni.