Total amount raised
$111.5 Million
Latest funding date
9/1/2022
Location
Tegus has successfully raised significant funding over multiple rounds, culminating in its acquisition by AlphaSense for $930 million. The platform offers a comprehensive suite of investment research tools, including expert call transcripts and financial models.
Keep reading to explore the intricacies of Tegus' fundraising journey and the investors backing this innovative platform.
What Is Tegus?
Tegus, founded in 2016 by Michael Elnick and Thomas Elnick, is a market intelligence platform headquartered in Chicago, Illinois. The company operates within the enterprise software, knowledge management, market research, and product research industries.
With a workforce of 501-1000 employees, Tegus provides investors with a robust database of peer-led expert call transcripts, financial models, and company filings. The platform is designed to offer detailed insights into businesses, facilitating better investment decisions.
How Much Funding Has Tegus Raised?
- Series A
- Amount Raised: $1.5M
- Date: September 7, 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation for the company's market intelligence platform.
- Series B
- Amount Raised: $90M
- Date: November 29, 2021
- Lead Investors: Oberndorf Enterprises, Willoughby Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's market intelligence platform and enhance product offerings.
- Venture Round
- Amount Raised: $20M
- Date: September 28, 2022
- Lead Investors: Positive Sum
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expansion following the acquisition of Canalyst.
Total Amount Raised: $111.5M. Current Valuation: Not publicly disclosed.
Key Investors
- Positive Sum
- Details: Led by Patrick O'Shaughnessy, Positive Sum is a venture capital firm that focuses on investing in innovative companies. Patrick O'Shaughnessy also serves as an Observer on the Tegus Board.
- Investment Focus Areas: Technology, financial services, data analytics
- Notable Investments: Not publicly disclosed
- Oberndorf Enterprises
- Details: Oberndorf Enterprises is a private investment firm that focuses on long-term investments in various sectors. The firm is known for its strategic investments in high-growth companies.
- Investment Focus Areas: Education, healthcare, technology
- Notable Investments: Not publicly disclosed
- Willoughby Capital
- Details: Willoughby Capital is a private investment firm that manages a diversified portfolio of investments. The firm is known for its focus on high-growth opportunities.
- Investment Focus Areas: Technology, consumer goods, financial services
- Notable Investments: Not publicly disclosed
- IGSB
- Details: IGSB, or Investment Group of Santa Barbara, is an investment firm that focuses on private equity and venture capital investments. The firm has a history of investing in innovative companies.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Not publicly disclosed
What's Next for Tegus?
With the recent acquisition of Canalyst, Tegus is poised to expand its core offerings, providing more comprehensive and customizable financial models. This move opens up significant opportunities for growth, particularly as the demand for real-time, expert-driven research continues to rise. Serving over 2,500 customers globally, the platform is well-positioned to attract further investment to fuel its expansion.
Future fundraising efforts are likely, given the company's growth trajectory and the increasing need for advanced market intelligence tools. However, integrating Canalyst's capabilities and maintaining the quality of their extensive database will be critical challenges. As Tegus navigates these complexities, the company remains focused on enhancing its platform to stay competitive in a rapidly evolving market.
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