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Total amount raised
$1.4B
Latest funding date
2024-06-11
Location
AlphaSense has raised over $1.4 billion in funding across multiple rounds, backed by leading investors including Viking Global Investors, BDT & MSD Partners, Goldman Sachs Asset Management, CapitalG, and BOND.
What Is AlphaSense?
AlphaSense is a leading AI-powered market intelligence and search platform founded in 2011 by Jack Kokko (CEO) and Raj Neervannan (CTO), and headquartered in New York City. The platform helps business professionals — including investment bankers, corporate strategists, and analysts — make faster, more confident decisions by surfacing insights from over 500 million documents, including SEC filings, broker research, news, and earnings call transcripts. With nearly 2,000 enterprise customers, AlphaSense serves some of the world's largest financial institutions and corporations. In June 2024, AlphaSense also announced the acquisition of rival research platform Tegus for $930 million, significantly expanding its data and content offerings.
How Much Funding Has AlphaSense Raised?
- Series A
- Amount Raised: USD 33,000,000
- Date: March 2016
- Lead Investors: Tribeca Venture Partners, Quantum Strategic Partners (Triangle Peak Partners)
- Participants: Soros Fund Management, First Fellow Partners
- Series B
- Amount Raised: USD 50,000,000
- Date: July 2019
- Lead Investors: Innovation Endeavors
- Participants: Tribeca Venture Partners, Triangle Peak Partners, Soros Fund Management
- Debt Financing
- Amount Raised: USD 28,000,000
- Date: January 2020
- Lead Investors: Undisclosed
- Series C
- Amount Raised: USD 180,000,000
- Date: September 2021
- Lead Investors: Viking Global Investors, Goldman Sachs Asset Management (Growth Equity)
- Participants: Morgan Stanley, Citi, Bank of America, Barclays, Wells Fargo, AllianceBernstein, Cowen, William Blair
- Series D (First Close)
- Amount Raised: USD 225,000,000
- Date: June 2022
- Lead Investors: Goldman Sachs Asset Management (Growth Equity), Viking Global Investors
- Participants: BlackRock (debt commitment)
- Valuation: USD 1,700,000,000
- Series D (Second Close)
- Amount Raised: USD 100,000,000
- Date: April 2023
- Lead Investors: CapitalG (Alphabet's growth equity fund)
- Participants: Viking Global Investors, Goldman Sachs
- Valuation: USD 1,800,000,000
- Series E
- Amount Raised: USD 150,000,000
- Date: September 2023
- Lead Investors: BOND (led by General Partner Jay Simons)
- Participants: CapitalG, Viking Global Investors, Goldman Sachs Asset Management, BAM Elevate
- Valuation: USD 2,500,000,000
- Series F
- Amount Raised: USD 650,000,000
- Date: June 2024
- Lead Investors: Viking Global Investors, BDT & MSD Partners
- Participants: J.P. Morgan Growth Equity Partners, SoftBank Vision Fund 2, Blue Owl, Alkeon Capital Management, CapitalG, Goldman Sachs Alternatives
- Valuation: USD 4,000,000,000
Total Amount Raised: At least USD 1,416,000,000 based on disclosed funding rounds (Series A through Series F, inclusive of $28M debt financing; excludes any undisclosed rounds).
Key Investors
- Viking Global Investors
- Details: Viking Global Investors is a Greenwich, CT-based hedge fund and investment firm that uses fundamental analysis to select investments across industries. Viking has participated in AlphaSense's Series C, Series D, Series E, and Series F rounds, and co-led the Series F at a $4 billion valuation.
- BDT & MSD Partners
- Details: BDT & MSD Partners is an American merchant bank co-headquartered in Chicago and New York, providing advisory and investment solutions tailored for business owners and long-term investors. BDT & MSD Partners co-led AlphaSense's $650 million Series F round in June 2024.
- Goldman Sachs Asset Management
- Details: Goldman Sachs Asset Management, through its Growth Equity business, has been a major investor across multiple AlphaSense rounds including the Series C and Series D, and continued participation through the Series F via Goldman Sachs Alternatives.
- CapitalG
- Details: CapitalG is Alphabet's (Google's parent) independent growth equity fund. CapitalG led AlphaSense's April 2023 $100 million Series D extension at a $1.8 billion valuation, and has continued participation through Series E and Series F.
- BOND
- Details: BOND is a venture capital firm known for late-stage investing in enterprise software and consumer technology companies. BOND led AlphaSense's $150 million Series E round in September 2023 at a $2.5 billion valuation, with Jay Simons (former President of Atlassian) serving as the investing partner.
- Innovation Endeavors
- Details: Innovation Endeavors is a venture capital firm founded by former Google CEO Eric Schmidt. Innovation Endeavors led AlphaSense's $50 million Series B round in July 2019.
What's Next for AlphaSense?
AlphaSense is well-positioned for continued growth as a market intelligence leader. With its $650 million Series F and the acquisition of Tegus, the company is aggressively expanding its content and AI capabilities. Following reports of crossing $200 million in annual recurring revenue and a $4 billion valuation, AlphaSense has been cited as a potential IPO candidate. The company is expected to continue investing in AI-powered search, broader data integrations, and enterprise expansion across financial services, corporate strategy, and beyond.
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