Backed by Lux Capital, Thematic Launches to Democratize Institutional-Quality Index and ETF Capabilities

San Francisco, CA (March 21, 2023) – Thematic, an investment infrastructure software company that has developed the fastest, most cost-effective and accurate indexing platform in the market, launched today with funding from Lux Capital. Conceived by serial entrepreneur, Steven Carpenter, and Peter Hébert, co-founder and managing partner at Lux Capital, Thematic enters the $5B indexing market enabling anyone with industry insights and proprietary research to develop and manage customized, institutional-grade indices and ETFs - the same as MSCI, S&P and Bloomberg. 

Unlike the incumbent providers, Thematic enables index developers to create unlimited indices for one flat annual price and to maintain ownership over their intellectual property for investable products like actively-managed and thematic ETFs. Further, Thematic also supports internal use cases like proprietary index structuring for institutional clients at larger asset management firms. 

Key Product Differentiators

• Select from assets across equities and crypto for the first time
• Instant backtest and benchmarking capabilities with seamless handling of corporate actions going back years
• Custom indexing with API to support proprietary research, data integrations, metrics, rating and weighting systems 
• Passive and active rules-based format with automatic rebalancing and reconstitution
• Team collaboration to validate themes, share ideas and compare strategies with roles and permissions in one account
• Ownership and control of intellectual property to develop ETFs

“The indexing industry is massive, fast-growing, and wildly profitable and, to-date, largely managed using expensive services and spreadsheets,” said Thematic CEO and founder Steven Carpenter. “I’m excited to bring the kind of innovation that Thematic provides to one of the most exciting areas of investment management - namely the $488B invested in actively managed and thematic ETFs. I believe that great investment ideas will increasingly come from outside the established asset management firms.”

“We’re excited to announce the launch of Thematic, developed and built over the past year by a tight world-class engineering and product team deploying a customer-first, first principles approach,” said Lux Capital co-founder and managing Partner Peter Hébert. “Lux is not only the founding investor behind Thematic, but proudly the first customer. Now, the innovative and seamless tools Lux used to construct, publish and manage seven index products can be employed by individual and institutional investors to share their unique insights and thematic models globally.”

About Thematic:
Thematic is a modern SaaS platform that enables anyone to build, launch, and manage their own institutional-quality indices and ETFs. Thematic combines the best technical platform and investment-development workflow for index builders to create unlimited indices for one flat annual price and to maintain ownership over their intellectual property. Thematic is co-founded by experienced company-builders and world-class engineers with a proven background creating disruptive investing and fintech products at Plaid, Airbnb, Dropbox, and Brex.

About Lux Capital:
Lux Capital is a venture capital firm based in New York City and Silicon Valley with $4 billion AUM investing in emerging science and technology companies at the outermost edges of what is possible.