StockViews has raised £500,000 from new and existing investors including GWC, a Silicon Valley-based venture fund.

The company is also announced that it has received FCA authorisation and appointed Thomas Balk, the ex president of Fidelity International, as its executive chairman.

StockViews, based at Level39, operates a marketplace to connect professional investors with a network of independent equity analysts.

Commenting on the news, Tom Beevers, CEO StockViews Ltd, said: “As a result of the upcoming regulatory changes under Mifid II, it is clear there is a growing demand for high quality, differentiated equity research.

“The new capital, our expanding team of leading analysts and the arrival of our new executive chairman will position us well for this opportunity.”

The firm said in a statement that it would be launching its equity research platform for clients this summer.

StockViews closed a $355,000 Seed round in March last year.