Total amount raised
$91 Millions
Latest funding date
06/01/2021
Location
Morning Consult has successfully raised significant funding through multiple rounds, with its latest being a Series B round. The company is valued at over $1 billion, earning it the status of a "Unicorn."
Investors backing Morning Consult include Susquehanna Growth Equity and Advance Venture Partners. Keep reading to explore the intricacies of Morning Consult's fundraising journey and the investors supporting this innovative platform.
What Is Morning Consult?
Morning Consult, founded in October 2014, is a global decision intelligence company headquartered in Washington, D.C. The company operates in industries such as Artificial Intelligence, Big Data, Business Intelligence, Machine Learning, and Predictive Analytics.
Founded by Alex Dulin, Kyle Dropp, and Michael Ramlet, Morning Consult employs between 251-500 people. The company leverages high-frequency data and applied artificial intelligence to provide insights that help leaders make smarter, faster, and better decisions.
How Much Funding Has Morning Consult Raised?
- Series B
- Amount Raised: $60M
- Date: June 2021
- Lead Investors: Advance Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely aimed at scaling operations, expanding market reach, and further developing their technology and product offerings.
- Series A
- Amount Raised: $31M
- Date: May 2020
- Lead Investors: Lupa Systems
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Support the growth and expansion of Morning Consult's services and products.
- Angel Round
- Amount Raised: Not publicly disclosed
- Date: May 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to secure initial funding to develop the company's core offerings and establish market presence.
- Pre-Seed Round
- Amount Raised: $30K
- Date: December 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to cover initial startup costs and early-stage development.
Morning Consult has raised a total of $91M in funding. The current valuation is over $1 billion.
Key Investors
Here are the major investors in Morning Consult:
- Susquehanna Growth Equity
- Details: Susquehanna Growth Equity is a private equity and venture capital firm based in Bala Cynwyd, Pennsylvania. The firm focuses on growth-stage companies in the software, information services, internet, and financial technology sectors.
- Investment Focus Areas: Software, Information Services, Internet, Financial Technology
- Notable Investments: Credit Karma, Payoneer, iCIMS
- Advance Venture Partners
- Details: Advance Venture Partners is a venture capital firm that invests in early and growth-stage companies. The firm is known for its strategic investments in technology and media sectors.
- Investment Focus Areas: Technology, Media, Consumer
- Notable Investments: Rent the Runway, MasterClass, The Athletic
- Lupa Systems
- Details: Lupa Systems is a private investment company founded by James Murdoch. The firm focuses on media, technology, and sustainability sectors.
- Investment Focus Areas: Media, Technology, Sustainability
- Notable Investments: Vice Media, Tribeca Enterprises, The Void
What's Next for Morning Consult?
Morning Consult stands at the cusp of significant growth opportunities. With the $31 million Series A funding, the company is well-positioned to expand its decision intelligence capabilities and enter new markets. This financial boost allows Morning Consult to develop new products and enhance existing services, catering to the growing demand for data-driven decision-making tools across various industries.
Future fundraising opportunities seem promising, given the successful Series A round. Morning Consult may seek additional funding to further fuel its growth and expansion. However, the company might face challenges such as competition from other market research firms and the need to continuously innovate to stay ahead of industry trends. Balancing rapid growth with maintaining high-quality service will be crucial for Morning Consult's continued success.
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