Crane Data

What Crane Data does

Crane Data is a privately held financial information company specializing exclusively in money market mutual funds. Founded in May 2006 by Peter G. Crane and Shaun Cutts and headquartered in Westborough, Massachusetts, the firm collects, aggregates, and publishes data on U.S. and offshore money market funds, bank savings products, and short-term cash investments. The product portfolio is structured as a tiered subscription suite anchored on the monthly Money Fund Intelligence (MFI) PDF newsletter and its MFI XLS spreadsheet extension, with Money Fund Wisdom providing a comprehensive queryable database of historical fund data, MFI Daily Data offering daily rankings across 816+ funds, and MFI Distribution Survey providing channel analytics. Pricing ranges from a free Crane Web Access tier up to $4,000/year for the Wisdom database, with aggressive multi-seat volume discounts. The firm also operates four annual conferences — the Money Fund Symposium, European Money Fund Symposium, Money Fund University, and Bond Fund Symposium — that function as both revenue generators and a community-convening platform, with the flagship 2026 MFS drawing 740+ money market professionals.

The underlying technology is a proprietary data collection, aggregation, and analysis platform with subscription-based digital distribution; the firm publishes benchmark indexes including the Crane 100 Money Fund Index, currently showing a 3.47% annualized 7-day current yield, and tracks more than $8 trillion in money market fund assets as of May 2026. Customer segments are horizontal across money market fund managers, corporate treasurers and cash managers, financial advisors and broker-dealers, banks and depository institutions, and regulators; named enterprise subscribers include JPMorgan Asset Management, BlackRock, Fidelity Investments, Federated Hermes, Northern Trust Asset Management, and Franklin Resources. Revenue is generated through three primary streams: tiered annual subscriptions, custom reports and consulting services, and conference registrations and sponsorships. The company remains founder-operated with a small team of 11-50 employees, has raised no external capital, and is organized as Crane Data LLC in Massachusetts.

Name

Crane Data

Legal name

Crane Data LLC

Website

https://cranedata.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Crane Data is a privately held financial information company that collects and publishes specialized data, rankings, and analytics on U.S. and offshore money market mutual funds, serving asset managers, corporate treasurers, advisors, banks, and regulators via subscription products and industry conferences.

Ownership category

akta.pro rank

Headquarters

HQ city

Westborough

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Subscription Revenue: Tiered annual subscription model ranging from free web access to premium database and consulting services. Products include Money Fund Intelligence PDF ($500/yr), Money Fund Intelligence XLS ($1000/yr), Money Fund Wisdom ($4000/yr), and MFI Daily Data ($2000/yr).
2. Custom Reports & Consulting: Custom report generation and consulting services priced at custom rates for specialized client needs

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels11 records

Core offering

Crane Data is a specialized publisher of money market mutual fund information. The company collects, aggregates, and disseminates money fund performance data, rankings, portfolio holdings, and benchmark indexes (including the Crane 100 Money Fund Index) through subscription-based data products, a monthly newsletter, an online query database, and industry conferences such as the Money Fund Symposium. It also offers custom reports and consulting services to institutional clients.

Product overview

Crane Data offers a platform-plus-modules product architecture centered on its Money Fund Intelligence suite of products. The core offerings include Money Fund Intelligence (MFI), a monthly PDF newsletter, and Money Fund Intelligence XLS, a spreadsheet with sortable rankings and analytics. These are bundled with Money Fund Wisdom, a comprehensive database query system offering full historical fund data and custom reports. Additional specialized modules include MFI Daily Data (daily fund rankings), MFI Custom Reports (tailored reporting), MFI Distribution Survey (distribution analytics), and Consulting Services (expert analysis). Entry-level tiers include Crane Web Access (free) and Crane Corporate ($100/yr), with Crane Index ($250/yr) no longer offered. The company also produces several industry conferences: Money Fund Symposium, European Money Fund Symposium, Money Fund University, and Bond Fund Symposium. The product hierarchy provides escalating service levels, with higher tiers including all features of lower tiers.

Differentiator

Problem solved

Functional benefit

Products and services

• Money Fund Intelligence (MFI) Monthly PDF newsletter covering money market mutual fund news, performance rankings, cash investment intelligence, and Crane Money Fund Indexes for money market fund professionals and institutional subscribers.
• Money Fund Intelligence XLS Spreadsheet product providing sortable performance rankings, fund analytics, peer group customization, percentile rankings, fund family rankings, MNAVs, WLA, and portfolio composition data for money market funds.
• Money Fund Wisdom
• MFI Daily Data
• MFI Custom Reports
• Consulting Services
• MFI Distribution Survey
• Crane Web Access
• Crane Corporate
• Money Fund Symposium
• European Money Fund Symposium
• Money Fund University
• Bond Fund Symposium

Quantifiable outcome

• Record $8.292 trillion in money fund assets tracked in May 2026
• +1 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Money Fund Symposium Attendees (JPMorgan AM, BlackRock, Federated Hermes, Fidelity, etc.)coreOthersCrane Data organizes and hosts Money Fund Symposium, which attracts money market fund managers, institutional investors, cash investors, money market securities dealers, issuers, and regulators. The 2026 event in Jersey City had 740+ attendees.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Emerging players

• YCharts: YCharts is an investment research and data platform used by financial advisors that includes money market fund screening and analytics; competes at the lower-priced tier with Crane Corporate and Crane Web Access for advisor and retail-prosumer subscribers.
• Curinos: Curinos (formerly Novantas) provides deposit and liquidity analytics to banks, with overlapping buyer personas (corporate treasurers, bank treasury, cash managers) who consume money fund intelligence alongside deposit-pricing data; partial competitor in the cash-management intelligence niche.

Broad incumbents

• FactSet: FactSet provides portfolio analytics, fund data, and fixed-income coverage used by buy-side institutions and overlaps with Crane on money market fund holdings and performance data within a much broader financial data platform.
• Bloomberg L.P. Bloomberg provides money market fund pricing, news, and analytics integrated into its terminal and enterprise data products; competes with Crane for institutional cash-management and treasury users who need money fund data alongside broader market data.
• Investment Company Institute (ICI): ICI is the leading mutual fund trade association and publishes authoritative industry-wide statistics on money market fund assets, flows, and portfolio composition that Crane regularly cites; it competes indirectly by setting the standard for industry data that Crane layers additional analytics on top of.
• Morningstar: Morningstar is a broad incumbent financial data platform providing mutual fund and money market fund performance, ratings, and analytics as part of a much larger investment data franchise; it competes with Crane for institutional and advisor buyers of fund-level data.
• LSEG (Refinitiv): LSEG (formerly Refinitiv) provides Lipper-alternative fund performance data and broader financial market infrastructure used by institutions to track money market funds; competes with Crane at the enterprise procurement level where fund data is bundled into wider data licenses.
• S&P Global Market Intelligence (Lipper): S&P Global's Lipper franchise is the canonical source for mutual fund performance data including money market funds, and the firm also rates tokenized MMFs (e.g., AAAm on Franklin's BENJI) that Crane covers editorially; competes for institutional fund-data buyers.

Others

• Association for Financial Professionals (AFP): AFP publishes the annual Liquidity Survey and treasury benchmarks that Crane's MFI Distribution Survey competes against for mindshare among corporate treasurers; not a direct product competitor but a thought-leadership incumbent in the same buyer community.

Direct peers

• iMoneyNet: iMoneyNet is the closest direct competitor to Crane Data, providing institutional money market fund ratings, performance data, and analytics to a similar buyer base of corporate treasurers, fund managers, and financial advisors; both serve as the two specialist information vendors in the US money fund space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/cranedata
• Facebookfacebook.com/cranedata
• LinkedInlinkedin.com/company/crane-data

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Crane Data