Real-Time Economic Data Tracking Platform Premise Raises $11M From Social+Capital Partnership


Exclusive: Premise , a data technology company that is tracking macroeconomic and human development trends in real-time, is announcing an $11 million Series B round led by Social+Capital Partnership, with existing investors Harrison Metal, Google Ventures and Bowery Capital participating. This brings the startup’s funding to $16.5 million. Former Facebook exec Chamath Palihapitiya, founder of Social+Capital Partnership, is joining Premise’s board.

The brainchild of MetaMarkets co-founder David Soloff and MetaMarkets’ Chief Scientist Joe Reisinger, Premise is building a new way for corporations, financial services firms and even governments to collect business and economic data from Asia, Latin America, the U.S. and Europe. The startup explains that it considers itself a next-gen economic monitoring platform, and allows customers to track business and economic conditions in real-time across thousands of online and real-world locations.

Premise monitors the price, quality, availability, and other metrics of goods and services, from online and on-the-ground sources…

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