Total amount raised
$1.7 Billion
Latest funding date
6/1/2022
Location
AlphaSense has successfully raised funds over 12 rounds, with the latest being a Series F round led by BDT & MSD Partners and Viking Global Investors. The company is backed by 32 investors, including notable names like Blue Owl.
Keep reading to explore the intricacies of AlphaSense's fundraising journey and the investors backing this innovative platform.
What Is AlphaSense?
AlphaSense is a private company based in New York, New York, United States, employing between 1001 and 5000 people. The platform leverages artificial intelligence to provide insights, aiding professionals in making informed and impactful decisions. It operates in various industries including analytics, AI, machine learning, market research, SaaS, and search engines.
AlphaSense is designed to streamline workflows for financial and business professionals through advanced AI insights. Trusted by over 6,000 of the world’s largest enterprises, the platform offers a comprehensive set of features, including access to premium financial and business documents, integrated workflows, and highly synthesized insights.
How Much Funding Has AlphaSense Raised?
- Series A
- Amount Raised: USD 33,000,000
- Date: March 2016
- Lead Investors: Quantum Strategic Partners, Tribeca Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and development of the platform.
- Series B
- Amount Raised: USD 50,000,000
- Date: July 2019
- Lead Investors: Innovation Endeavors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance AI capabilities.
- Debt Financing
- Amount Raised: USD 28,000,000
- Date: January 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for operational expenses.
- Series C
- Amount Raised: USD 180,000,000
- Date: September 2021
- Lead Investors: Goldman Sachs Asset Management, Viking Global Investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand the product offering.
- Non-Equity Assistance
- Amount Raised: Not publicly 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 scaling.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: June 2022
- Lead Investors: BlackRock
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for strategic initiatives.
- Series D
- Amount Raised: USD 225,000,000
- Date: June 2022
- Lead Investors: Goldman Sachs Asset Management, Viking Global Investors
- Valuation at Round: USD 1,700,000,000
- Motivation Behind the Round: To support growth and enhance AI capabilities.
- Series D
- Amount Raised: USD 100,000,000
- Date: April 2023
- Lead Investors: CapitalG
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the company's advanced AI capabilities.
- Series E
- Amount Raised: USD 150,000,000
- Date: September 2023
- Lead Investors: Bond
- Valuation at Round: USD 2,500,000,000
- Motivation Behind the Round: To support ongoing development and expansion efforts.
- Series F
- Amount Raised: USD 650,000,000
- Date: June 2024
- Lead Investors: BDT & MSD Partners, Viking Global Investors
- Valuation at Round: USD 4,000,000,000
- Motivation Behind the Round: To support the acquisition of Tegus and further cement AlphaSense's position as a leading provider of market intelligence.
Total Amount Raised: USD 1,716,000,000. Current Valuation: USD 4,000,000,000.
Key Investors
- BDT & MSD Partners
- Details: BDT & MSD Partners is a merchant bank that provides advice and capital to family and founder-led businesses. They focus on long-term investments and strategic partnerships.
- Investment Focus Areas: Family-led businesses, consumer, industrials.
- Notable Investments: Whataburger, Tory Burch, Weber.
- Viking Global Investors
- Details: Viking Global Investors is a global investment firm managing capital for institutions and qualified individuals. They invest in both public and private equity markets.
- Investment Focus Areas: Technology, healthcare, consumer goods.
- Notable Investments: Various tech and healthcare companies.
- CapitalG
- Details: CapitalG is the growth equity investment fund of Alphabet Inc. They focus on technology companies with a strong emphasis on data and AI.
- Investment Focus Areas: Technology, AI, enterprise software.
- Notable Investments: Airbnb, Lyft, Stripe.
- Goldman Sachs Asset Management
- Details: Goldman Sachs Asset Management offers a broad range of asset management services. They invest in various sectors globally.
- Investment Focus Areas: Private equity, real estate, infrastructure.
- Notable Investments: Uber, WeWork, Spotify.
- Bond
- Details: Bond is a growth-stage investment firm focusing on technology companies. They aim to support companies through their growth phases.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: Various tech startups.
What's Next for AlphaSense?
AlphaSense is poised for significant growth with its recent acquisition of Tegus, which will integrate extensive private company data and financial tools into its platform. This move, valued at $930 million, is expected to enhance AlphaSense's market intelligence offerings and expand its reach in the APAC region with a new hub in Singapore.
Future fundraising opportunities are likely as AlphaSense continues to attract major investors, bolstered by its $650 million funding round that brought its valuation to $4 billion. The company’s focus on leveraging AI and NLP technologies positions it well to capitalize on industry trends and drive further innovation.
However, challenges such as integrating Tegus' data and maintaining the quality of insights amidst rapid growth could pose hurdles. Competition from other market intelligence platforms will also require AlphaSense to continuously innovate and expand its capabilities to stay ahead.
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