ETFBOOK Raises $13M Series B Led by Expedition Growth Capital

ETFBOOK Secures $13M Series B

ETFBOOK, the ETF-native data and analytics platform operated by Zurich-based fintech SquaredData AG, has raised $13 million in Series B funding. The round was led by Expedition Growth Capital, with participation from BlackFin Capital Partners.

What ETFBOOK Does

Founded in 2020, ETFBOOK provides an ETF-native data and analytics platform that consolidates fragmented ETF market data into a standardised intelligence layer. The platform covers more than 11,000 ETFs across Europe and the US, delivering daily T+1 data on flows, trading and holdings across both primary and secondary markets.

Its product suite spans API, web analytics and data-operations tools. The company serves ETF issuers, fund administrators, market makers, authorised participants and buy-side investors.

Traction and Scale

ETFBOOK reports more than 70 enterprise clients across Europe, the UK and the US. Recurring revenue is growing over 100% annually, according to the company.

Team and Operations

ETFBOOK operates from Zurich and London, with a technology hub in Krakow. The company is expanding into New York and Hong Kong.

Deal Summary

• Company: ETFBOOK (SquaredData AG)
• Round: Series B
• Amount: $13,000,000
• Lead Investor: Expedition Growth Capital
• Additional Investors: BlackFin Capital Partners
• Funding Date: 16 September 2026
• Headquarters: Zurich, Switzerland
• Founded: 2020

Why It Matters

ETFBOOK sits at the intersection of market data infrastructure and ETF-specific analytics. By standardising fragmented ETF data into a single intelligence layer, the company addresses a workflow problem for issuers, intermediaries and investors who otherwise reconcile multiple sources. The Series B capital arrives as the company extends its footprint from Europe into the US and Asia, with New York and Hong Kong named as expansion markets.