Total amount raised
$492 Millions
Latest funding date
06/01/2024
Location
YipitData has successfully raised funds through multiple rounds, including a recent Series E led by Carlyle Group. The company provides data-driven insights and analytics, tracking metrics such as cloud customer spending and sales data for major retailers.
Keep reading to explore the intricacies of YipitData's fundraising journey and the investors backing this innovative platform.
What Is YipitData?
YipitData, founded in 2013 by James Moran and Vinicius Vacanti, is a market research firm based in New York, New York. The company specializes in providing data-driven insights and analytics to help investors and companies make informed decisions.
YipitData collects and analyzes alternative data from various sources, offering services such as custom reports, dashboards, and data feeds. Their expertise includes tracking metrics like cloud customer spending and sales data for major retailers.
With a team of 251-500 employees, YipitData continues to grow, leveraging its extensive data collection and analysis capabilities to deliver actionable insights to its clients.
How Much Funding Has YipitData Raised?
- Series A
- Amount Raised: $1.3M
- Date: June 2010
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a solid foundation for the company's data collection and analysis capabilities.
- Series B
- Amount Raised: $6M
- Date: June 2011
- Lead Investors: Highland Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's data analytics services and enhance its market presence.
- Series C
- Amount Raised: $9.7M
- Date: May 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the company's technology and expand its client base.
- Series E
- Amount Raised: $475M
- Date: December 2021
- Lead Investors: The Carlyle Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Debt Financing
- Amount Raised: Not specified
- Date: June 2024
- Lead Investors: CIBC Innovation Banking
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide financial flexibility and reduce borrowing costs.
YipitData has raised a total of $492M. The current valuation is Not publicly disclosed.
Key Investors
The major investors in YipitData include:
- CIBC Innovation Banking
- Details: CIBC Innovation Banking led the arrangement and served as the administrative agent for a substantial debt facility for YipitData. Imran Premji, Managing Director at CIBC Innovation Banking, expressed excitement about extending the partnership with YipitData.
- Investment Focus Areas: Operational flexibility, scalability, strategic debt facilities.
- Notable Investments: YipitData.
- The Carlyle Group
- Details: The Carlyle Group is a global investment firm with a diverse portfolio. They have invested in YipitData to support its growth and expansion.
- Investment Focus Areas: Not specified in the sources.
- Notable Investments: YipitData.
- Highland Capital Partners
- Details: Highland Capital Partners is a venture capital firm that invests in early and growth-stage companies. They have been involved in YipitData's funding rounds to help the company scale its operations.
- Investment Focus Areas: Not specified in the sources.
- Notable Investments: YipitData.
- Norwest Venture Partners
- Details: Norwest Venture Partners is a global venture capital and growth equity investment firm. They have invested in YipitData to support its innovative data analytics services.
- Investment Focus Areas: Not specified in the sources.
- Notable Investments: Not specified in the sources.
Note: Information about the investment focus areas and notable investments for some investors was not available in the provided sources.
What's Next for YipitData?
YipitData's recent strategic debt facility, led by CIBC Innovation Banking, positions the company for significant growth. This funding provides operational flexibility and scalability, enabling YipitData to expand its data analysis capabilities and attract more investment funds and large corporations as clients.
Future fundraising opportunities appear promising, given the strong business model and ongoing partnership with CIBC Innovation Banking. However, YipitData will need to manage the scalability of its operations and maintain the robustness of its data analysis platform to navigate these growth opportunities successfully.
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