Total amount raised
$1.7 Billion
Latest funding date
6/1/2022
Location
AlphaSense has successfully raised significant funding through multiple rounds, with its latest being a Series F. The platform leverages AI to provide market intelligence and search functionalities for various industries.
Keep reading to explore the intricacies of AlphaSense's fundraising journey and the investors backing this innovative platform.
What Is AlphaSense?
AlphaSense, founded in 2008 by Jack Kokko and Raj Neervannan, is headquartered in New York, New York. The company specializes in providing a market intelligence platform that leverages AI to deliver critical insights.
With a workforce of 1001-5000 employees, AlphaSense serves nearly 2,000 enterprise clients, including financial institutions and a majority of the S&P 500. The platform integrates both public and private content to help professionals make informed decisions.
AlphaSense's AI-powered search and generative AI summaries enable users to efficiently gather and analyze data, making it a valuable tool for various industries. The company's solutions cater to needs such as competitive intelligence, due diligence, and market landscaping.
How Much Funding Has AlphaSense Raised?
- Series A
- Amount Raised: $33M
- Date: March 2016
- Lead Investors: Quantum Strategic Partners, Tribeca Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's market intelligence capabilities and grow its customer base.
- Series B
- Amount Raised: $50M
- Date: July 2019
- Lead Investors: Innovation Endeavors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance AI-driven market intelligence features and expand into new markets.
- Debt Financing
- Amount Raised: $28M
- Date: January 2020
- Lead Investors: Not disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expenses and further technological development.
- Series C
- Amount Raised: $180M
- Date: September 2021
- Lead Investors: Goldman Sachs Asset Management, Viking Global Investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and increase market penetration.
- Non-Equity Assistance
- Amount Raised: Not disclosed
- Date: January 2022
- Lead Investors: GrowthX Accelerator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive strategic support and resources for growth.
- Series D
- Amount Raised: $225M
- Date: June 2022
- Lead Investors: Goldman Sachs Asset Management, Viking Global Investors
- Valuation at Round: $1.7 billion
- Motivation Behind the Round: To expand AI capabilities and enhance market intelligence offerings.
- Debt Financing
- Amount Raised: Not disclosed
- Date: June 2022
- Lead Investors: BlackRock
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and strategic initiatives.
- Series D
- Amount Raised: $100M
- Date: April 2023
- Lead Investors: CapitalG
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance AI capabilities and support business growth.
- Series E
- Amount Raised: $150M
- Date: September 2023
- Lead Investors: Bond
- Valuation at Round: $2.5 billion
- Motivation Behind the Round: To support expansion and technological advancements.
- Series F
- Amount Raised: $650M
- Date: June 2024
- Lead Investors: BDT & MSD Partners, Viking Global Investors
- Valuation at Round: $4 billion
- Motivation Behind the Round: To acquire Tegus and integrate its data into AlphaSense's platform.
Total amount raised: $1.616 billion. Current valuation: $4 billion.
Key Investors
- Viking Global Investors
- Details: Viking Global Investors is a global investment firm managing capital for institutions and qualified individuals. Founded in 1999, it focuses on long-term investments across various sectors.
- Investment Focus Areas: Technology, healthcare, consumer goods.
- Notable Investments: Not publicly disclosed.
- BDT & MSD Partners
- Details: BDT & MSD Partners is a partnership between BDT Capital Partners and MSD Partners, focusing on long-term investments in family and founder-led businesses. They provide advisory and capital solutions to their clients.
- Investment Focus Areas: Private equity, advisory services, long-term investments.
- Notable Investments: Not publicly disclosed.
- CapitalG
- Details: CapitalG is the growth equity investment arm of Alphabet Inc., focusing on late-stage technology companies. It leverages Google's resources to help its portfolio companies grow.
- Investment Focus Areas: Technology, AI, data analytics.
- Notable Investments: Stripe, Lyft, Duolingo.
- Goldman Sachs Asset Management
- Details: Goldman Sachs Asset Management is a division of Goldman Sachs that provides investment and advisory services. It manages a wide range of investment strategies across various asset classes.
- Investment Focus Areas: Private equity, real estate, infrastructure.
- Notable Investments: Not publicly disclosed.
- Bond
- Details: Bond is a venture capital firm that invests in high-growth technology companies. It was founded by former Kleiner Perkins partners and focuses on scaling innovative businesses.
- Investment Focus Areas: Technology, consumer internet, enterprise software.
- Notable Investments: Not publicly disclosed.
What's Next for AlphaSense?
AlphaSense's future looks promising with the acquisition of Tegus, which will significantly enhance its platform by integrating extensive private company data and financial tools. This move positions AlphaSense to expand its market intelligence offerings and penetrate new markets, particularly in the APAC region with its new Singapore hub.
With a valuation of $4 billion and recent funding of $650 million, AlphaSense is well-poised for further growth. Future fundraising opportunities are likely as the company continues to innovate and attract high-profile investors. However, challenges such as integrating Tegus' data and maintaining a competitive edge in a rapidly evolving industry remain.
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