Total amount raised
$13.8 Million
Latest funding date
1/1/2016
Location
PitchBook has successfully raised funding through two rounds, with key investors including Morningstar and Brock Mansfield. The platform offers comprehensive financial data and tools on companies, deals, investors, and markets, supporting various business development activities.
Keep reading to explore the intricacies of PitchBook's fundraising journey and the investors backing this innovative platform.
What Is PitchBook?
PitchBook, based in Seattle, Washington, operates in the Analytics, Finance, and Venture Capital industries. The company employs between 1001 and 5000 people and has been acquired by Morningstar.
PitchBook provides comprehensive financial data and tools on companies, deals, investors, and markets, supporting various business development activities. Their platform includes features for desktop, mobile, integrations, direct data access, CRM integration, and AI/ML capabilities.
While the founding year and founder names are not explicitly mentioned, PitchBook's robust offerings empower clients to make informed investment decisions with accurate and timely intelligence.
How Much Funding Has PitchBook Raised?
- Series A
- Amount Raised: USD 3,800,000
- Date: September 2009
- Lead Investors: Morningstar
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their financial data and tools platform, supporting business development activities.
- Series B
- Amount Raised: USD 10,000,000
- Date: January 2016
- Lead Investors: Morningstar
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and further development of their platform.
Total Amount Raised: USD 13,800,000. 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. They offer a wide range of products and services for individual investors, financial advisors, asset managers, and retirement plan providers.
- Investment Focus Areas: Mutual funds, stocks, ETFs, financial data and analytics.
- Notable Investments: PitchBook Data.
- Brock Mansfield
- Details: Brock Mansfield is a notable investor with a focus on early-stage technology companies. He has a background in venture capital and has been involved in various successful startups.
- Investment Focus Areas: Technology, early-stage startups, venture capital.
- Notable Investments: Not publicly disclosed.
What's Next for PitchBook?
PitchBook's future looks promising with significant opportunities for growth and expansion. The recent $10 million investment from Morningstar highlights the potential for scaling operations and enhancing their offerings. This substantial funding positions PitchBook to capitalize on emerging industry trends such as AI and climate investing, which could drive further innovation and market penetration.
As PitchBook continues to grow, future fundraising opportunities are likely to arise. Demonstrating effective use of the current investment could attract additional investors, paving the way for further rounds of funding. However, the company may face challenges such as competition from other data analytics firms and the need to continuously innovate to stay ahead in the market.
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