EagleAlpha, the startup founded in 2012 by former investment banker Emmett Kilduff, booked a loss of €1.4m in 2014, bringing accumulated losses to €2.26m, according to filings.
Eagle Alpha trawls the internet for insights and trends that subscribers can use for financial gain. The company has a proprietary algorithm that identifies experts on any topic and the system curates the web to provide business insights to financial sector clients.
The company's Investment Themes service consists of research that provides insights from non-traditional sources on global investment themes such as Technology, Financials, Consumer Discretionary and Consumer Staples. The non-traditional sources used are forums and blogs, data APIs, review websites, web traffic data, web search data, mobile and app data, and social media.
Year-end debtors amounted to €179,000 compared with €6,000 a year earlier. Capital invested in December 2014 was €1.35m according to the company’s abridged balance sheet.
Evan Weaver, the firm’s technology advisor, ran the technology group at Twitter. The EagleAlpha share register includes Tony Kilduff, Guglielmo Sartorri di Borgorrico and Massimo Tosato.