Total amount raised
$13.8 Millions
Latest funding date
1/1/2016
Location
PitchBook has successfully raised funding over two rounds, with notable backing from investors like Morningstar and Brock Mansfield. The platform offers a comprehensive suite of products and services, including private market data, research and analysis, and valuation tools.
Keep reading to explore the intricacies of PitchBook's fundraising journey and the investors backing this innovative platform.
What Is PitchBook?
Founded in 2007 by John Gabbert, PitchBook is headquartered in Seattle, Washington. The company specializes in providing comprehensive data on mergers and acquisitions, private equity, and venture capital.
PitchBook's flagship product is the web-based PitchBook Platform, which offers detailed financial data, research, and analysis. The company also publishes a daily newsletter and various research reports.
With a workforce of 1001-5000 employees, PitchBook continues to empower capital market professionals with actionable intelligence and robust datasets.
How Much Funding Has PitchBook Raised?
- Series A
- Amount Raised: $3.8M
- Date: September 2009
- Lead Investors: Morningstar
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's data offerings and enhance its platform capabilities.
- Series B
- Amount Raised: $10M
- Date: January 2016
- Lead Investors: Morningstar
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and further develop the platform's features and services.
Total Amount Raised: $13.8M. Current Valuation: Not publicly disclosed.
Key Investors
- Morningstar
- Details: Morningstar is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
- Investment Focus Areas: Financial services, investment research, data analytics
- Notable Investments: Acquired PitchBook for $225M
- Brock Mansfield
- Details: Brock Mansfield is a notable individual investor with a focus on early-stage technology companies. He has been involved in various successful ventures, providing both capital and strategic guidance.
- Investment Focus Areas: Technology, startups, early-stage ventures
- Notable Investments: Not publicly disclosed
What's Next for PitchBook?
PitchBook stands at the cusp of significant growth opportunities, driven by the $10 million investment from Morningstar. This funding positions the company to expand its data offerings and enhance its platform capabilities, tapping into industry trends like AI and climate coverage. These areas present vast potential for growth, aligning with the increasing demand for advanced data analytics in the venture capital space.
Future fundraising opportunities seem promising, as the recent investment demonstrates strong investor confidence. This could pave the way for additional rounds of funding, enabling PitchBook to further innovate and scale its operations. However, the company may face challenges such as intense competition and the need for continuous innovation to maintain its market position.
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