Quantopian is a Boston-based company that aims to create a crowd-sourced hedge fund by letting freelance quantitative analysts develop, test, and use trading algorithms to buy and sell securities. Quantopian was founded in 2011 by John Fawcett and Jean Bredeche. In 2012, it raised a seed round of $2 million from Spark Capital and Global Electronic Trading Company, followed by a Series A round of $6.7 million in 2013 (led by Khosla Ventures and Spark Capital), and a Series B round of $15 million in 2014 (led by Wicklow Capital, Spark Capital, Khosla Ventures, and Bessemer Venture Partners). As of September 2014, the company consisted of about 20 employees, up from 12 in January 2014. As of July 2016 the company had about 85,000 members, compared to about 10,000 and 20,000 in October 2013 and May 2014, respectively. In July 2016 Steven A. Cohen, chief executive officer of Point72 Asset Management, announced his firm will put up to $250M under the direction of algorithms managed by Quantopian and in addition make an investment in Quantopian itself.