Goldman Sachs and others invest $38M in tech startup

Goldman Sachs Group led a $38 million investment round by big banks in Visible Alpha, a financial technology startup, according to Reuters.

Visible Alpha provides a data and analytics platform that aggregates and breaks down stock market research by investment banks.

Banco Santander, Wells Fargo, Exane BNP Paribas, Macquarie Group and Royal Bank of Canada participated in the investment round. Some of Visible Alpha's existing investors, including Bank of America, Citigroup and Morgan Stanley, also joined, according to Reuters.

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