We're thrilled to announce a pivotal moment in Surmount's journey: our acquisition of Quantbase. This strategic move marks a significant milestone in our mission to empower individuals with access to truly bespoke data-driven investing. 

Let's dive into the reasoning behind this decision and our exciting plans for the future.

Who is Quantbase?

Quantbase is a Y Combinator-backed data-driven investing startup who has grown over 500% since 2021. They've also been working towards making data-driven automated investing accessible to individual investors, and have helped thousands of users and nearly $20M in assets approach markets automatically and strategically.

Why We Acquired Quantbase

Surmount has built powerful data and execution layers, supporting creators in building over 22,000 custom investment products on our platform. This foundation has positioned us as a leader in empowering creators to build sophisticated & personalized logic-driven investment strategies that can leverage almost any datapoint to automate investment decisions – in both code and no code. This is something that had previously only been available to institutional investors just a few years ago.

The acquisition of Quantbase marks a crucial next step in our approach to empower individuals. Not only will this acquisition significantly enhance our ability to help more individual investors easily access data-driven automated investing strategies, but it also marks the beginning of the next chapter for our mission: opening the door to allow more creators to share investment products. Quantbase's expertise in creator-driven investment strategies and their established user base perfectly complement our existing infrastructure and objective of expanding our reach on both supply and demand, setting the stage for rapid growth and innovation.

Where We Are Now

This acquisition catapults us into a new league:

• $40M in assets investing through our strategies: This milestone demonstrates the trust our users place in our platform and the effectiveness of our approach.

• $90M in assets under administration: A testament to the scale we've achieved and the foundation for future growth.

• Explosive growth: We've seen a staggering 7,400%+ growth in the last 11 months. This trajectory speaks volumes about where the industry is heading – towards client-centric, affordable, and bespoke investment management.

What’s next?

1. Expand on our foundation

   We'll continue to push innovative products & strategies, further empowering creators to build their business on top of our infrastructure, as well as empowering individual investors to turn any self-directed portfolio into their own personal quantitative hedge fund.
   
   

2. Scale to more investors

   With Quantbase's user base now part of the Surmount family, we have a unique opportunity to introduce our advanced tools to a wider audience.
   
   Stay tuned - we have huge plans and will continue to push out some additional big announcements over the coming weeks and months.

Our Ambitious Targets

We're setting our sights high:

Short-term target: $100M AUM

Medium-term target: $250M AUM

What This Means for Our Team

This acquisition and our ambitious plans mean exciting times ahead:

New opportunities: As we grow, new roles and responsibilities will emerge. We encourage everyone to think about how they can contribute to and benefit from this expansion.

Collaborative culture: As we welcome the Quantbase team, we're committed to fostering a culture of collaboration and innovation. Your ideas and insights will be crucial as we navigate this new chapter.

Closing Thoughts

The acquisition of Quantbase is more than just a business transaction – it's a catalyst for the next phase of Surmount's evolution. We're not just growing bigger; we're growing smarter and more capable of fulfilling our mission to democratize sophisticated investing.

As we embark on this exciting journey, we want to thank each one of you for your hard work, creativity, and dedication. Your efforts have brought us to this point, and your continued commitment will be the driving force behind our future success.

Let's embrace this opportunity and work together to reshape the future of investing. The best is yet to come!

Quick shout out to Som, Allen, and Thomas at Quantbase. You guys built something brilliant, have been an absolute pleasure to work with, and we're honored to be passed the Quantbase torch and run with it!

Onward and upward,

Logan Weaver
Founder & CEO, Surmount