Credit Benchmark Raises $20M to Strengthen Platform, Grow Headcount

The investment will in part fund a New York office, led by former S&P Capital IQ Exec Harry Chopra

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The funding was led by new investor Balderton Capital, and also involved existing investor Index Ventures, which invested $7 million in a funding round one year ago (IMD, July 9, 2014). Chief executive Elly Hardwick says the vendor initiated a formal funding round after receiving an unexpected amount of unsolicited interest in investing in the company, adding that it chose Balderton based on the firm's experience and understanding of the capital markets.

Hardwick says Credit Benchmark will use t