PitchBook Data

PitchBook Data, Inc.
Industry Mergers and Acquisitions, Private Equity and Venture Capital
Founded Seattle, WA - March 2007
Headquarters Seattle, Washington, United States
Number of locations
 London, New York City
Key people
 John Gabbert, founder and CEO[1]
Products The PitchBook Platform, PitchBook Mobile
Revenue $31 million in 2015
Number of employees
 600 (Oct 2016)[2]
Website pitchbook.com

PitchBook Data, Inc. is a SaaS company that delivers data, research and technology covering the private capital markets, including venture capital, private equity and M&A transactions.[3] It is based in Seattle, Washington, with regional offices in London and New York City.

The company's core product, the PitchBook Platform, is a subscription-only database of the information it collects. It also provides commentary and analysis of current events, trends and issues relevant to its field through PitchBook News and Analysis.

History

PitchBook was founded in 2007 by John Gabbert.[4] In 2009, it received investment of $4.25 million from angel investors and Morningstar,[5][6] and a further $10 million from Morningstar in January 2016.[2] In October 2016, Morningstar announced it had entered into a definitive agreement to acquire PitchBook, paying approximately $180 million for the remaining ownership in a transaction that values PitchBook at $225 million. PitchBook will maintain its brand and identity; founder and CEO, John Gabbert, will continue to run the company.[7]

As of June 30, 2016, the company generated revenue of $31.1 million for the trailing 12-month period.[8] Its workforce includes over 260 employees in Seattle and approximately 600 worldwide, including full-time contractors .[2]

Products

The PitchBook Platform[9] is a web-based data software, research and analysis tool that provides information about VC, PE and M&A transactions, including public and private companies, investors, funds, firms and people.

Within the PitchBook Platform, users can also use a variety of software and analysis tools to run targeted searches, build financial models, create data visualizations, and build custom benchmarks. PitchBook also provides plugins for Microsoft Excel, as well as CRM plugins for Salesforce, Microsoft Dynamics, and Dynamo Software.

Operations

To gather their data, PitchBook claims to combine the input from over 200 unidentified research professionals with machine-learning and natural language processing technologies to gather information. However, neither the skill level nor the actual relationship of these researches to the company is disclosed. .

PitchBook's competitors include Thomson Reuters, Dow Jones Venture Source, Bloomberg, Sovereign Wealth Fund Institute, Capital IQ, and FactSet Research Systems as well as smaller, more niche-focused players like Preqin, Cambridge, Mattermark and CB Insights.

References

  1. ↑ "John Gabbert: 2013 40 Under 40 Honoree (Video)". Puget Sound Business Journal. September 13, 2013. Retrieved October 9, 2013.
  2. 1 2 3 "Morningstar buys Seattle start-up in $225 million deal". Seattle Times. Retrieved 10-15-2016. Check date values in: |access-date= (help)
  3. ↑ "Morningstar U.S. | News Archive". Retrieved 2016-10-15.
  4. ↑ "PitchBook CEO lectures at Startup Resource Nights - Foster Blog". Foster Blog. Retrieved 2016-02-03.
  5. ↑ "About". pitchbook.com. Retrieved 2016-02-02.
  6. ↑ Dealbook. "Morningstar Invests in PitchBook". DealBook. Retrieved 2016-02-02.
  7. ↑ "Morningstar U.S. | News Archive". Retrieved 2016-10-15.
  8. ↑ "Morningstar U.S. | News Archive". Retrieved 2016-10-15.
  9. ↑ "M&A, Private Equity and Venture Capital Software | The PitchBook Platform". pitchbook.com. Retrieved 2016-02-02.
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