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Goldman Sachs, Wells Fargo and others invest $38 million in research tech startup

NEW YORK: Goldman Sachs Group has led a $38 million investment round by large banks in Visible Alpha, a young New York-based company that helps investment managers better value the equity research services they receive from brokers. Wells Fargo & Co, Banco Santander SA, Exane BNP Paribas, Macquarie Group Ltd and Royal Bank of Canada participated in the strategic investment round, the company said on Thursday. Visible Alpha’s existing investors including Bank of America Corp, Citigroup and Morgan Stanley also…