Pennant raises $5M to automate the work behind shareholder votes
Ryan Nowicki Stewart and Tomas Taylor are selling AI-supported governance software to institutions whose proxy-voting workflows they know from BlackRock, State Street and PJT Partners.
By Ryan Merket · Published
Primary source: X
Why it matters
Pennant is applying AI to proxy-voting work where institutions need faster research but must retain control over the decision and a defensible record of how they made it.
Pennant raised a $5 million seed round to build software for institutional investors handling proxy votes and corporate-governance work, the company said in its October 20th post on X. Urban Innovation Fund led the round, with participation from Y Combinator and individual angel investors affiliated with Marvell Technology, Legal & General, OpenAI, Kirkland & Ellis and NVIDIA, according to Pennant's funding announcement.…
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