Total amount raised
$111.5 Millions
Latest funding date
9/1/2022
Location
Tegus has successfully raised significant funding through various rounds, culminating in its acquisition by AlphaSense for $930 million. The platform offers a comprehensive suite of investment research tools, including expert call transcripts, financial models, and company filings.
Keep reading to delve into the details of Tegus's funding journey and discover the key investors who have backed this innovative market intelligence platform.
What Is Tegus?
Tegus, founded in 2016 by Michael and Thomas Elnick, is headquartered in Chicago, Illinois. The company specializes in providing a market intelligence platform tailored for investors, offering a rich database of peer-led expert call transcripts, financial models, and company filings.
With a workforce of 501-1000 employees, Tegus has established itself as a trusted resource for over 3,000 investment managers and businesses. The platform is designed to streamline investment research by combining expert insights with comprehensive financial data.
For more information, you can visit their official website or check out their Crunchbase profile.
How Much Funding Has Tegus Raised?
- Series A
- Amount Raised: $1.5M
- Date: September 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a solid foundation for the company's market intelligence platform.
- Series B
- Amount Raised: $90M
- Date: November 2021
- Lead Investors: Oberndorf Enterprises, Willoughby Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their product offerings and scale operations to meet growing demand.
- Venture Round
- Amount Raised: $20M
- Date: September 2022
- Lead Investors: Positive Sum
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and enhance core solution offerings following the acquisition of Canalyst.
Total Amount Raised: $111.5M. Current Valuation: Not publicly disclosed.
Key Investors
- Oberndorf Enterprises
- Details: Oberndorf Enterprises is a private investment firm based in San Francisco. It focuses on long-term investments in various sectors.
- Investment Focus Areas: Education, healthcare, technology.
- Notable Investments: Not publicly disclosed.
- Willoughby Capital
- Details: Willoughby Capital is a private investment firm that manages the assets of the Willoughby family. The firm is known for its strategic investments in high-growth companies.
- Investment Focus Areas: Technology, consumer goods, financial services.
- Notable Investments: Not publicly disclosed.
- Positive Sum
- Details: Positive Sum is an investment firm led by Patrick O'Shaughnessy. The firm focuses on innovative companies that leverage technology to create value.
- Investment Focus Areas: Technology, financial services, data analytics.
- Notable Investments: Not publicly disclosed.
- Investment Group of Santa Barbara (IGSB)
- Details: IGSB is a private investment firm that focuses on long-term investments in various industries. The firm is known for its strategic and patient capital approach.
- Investment Focus Areas: Real estate, technology, healthcare.
- Notable Investments: Not publicly disclosed.
What's Next for Tegus?
With the recent $20 million investment from Positive Sum, Tegus is poised to expand its core offerings, including more accurate and customizable financial models. Serving over 2,500 customers worldwide, the company has a vast database of expert interviews and financial models, positioning it for significant growth.
Future fundraising opportunities seem likely as Tegus continues to scale, especially following its acquisition of Canalyst. However, integrating Canalyst's offerings and maintaining the quality of their database as they grow will be key challenges. The increasing demand for real-time research platforms presents both opportunities and hurdles in a competitive market.
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