PitchBook Data, Inc. is a

SaaS Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software. SaaS is cons ...

company that delivers data, research and technology covering private capital markets including venture capital, private equity and M&A transactions. It is based in Seattle,

Washington Washington commonly refers to: * Washington (state), United States * Washington, D.C., the capital of the United States ** A metonym for the federal government of the United States ** Washington metropolitan area, the metropolitan area centered o ...

, with regional offices in London, San Francisco, New York City, Mumbai and Hong Kong. The PitchBook Platform is a subscription-only database that includes analytical tools which help users make sense of the information it collects on companies,

investor An investor is a person who allocates financial capital with the expectation of a future return (profit) or to gain an advantage (interest). Through this allocated capital most of the time the investor purchases some species of property. Typ ...

s, deals, mergers and acquisitions,

funds Funding is the act of providing resources to finance a need, program, or project. While this is usually in the form of money, it can also take the form of effort or time from an organization or company. Generally, this word is used when a firm use ...

advisors An adviser or advisor is normally a person with more and deeper knowledge in a specific area and usually also includes persons with cross-functional and multidisciplinary expertise. An adviser's role is that of a mentor or guide and differs categor ...

, and people.

Products

PitchBook products include: * PitchBook Desktop * PitchBook Mobile * PitchBook Direct Data * PitchBook CRM Integration * PitchBook Chrome Extension

Functionality

Within the PitchBook Platform, users can access a variety of analysis tools to run targeted searches, research

emerging technologies Emerging technologies are technologies whose development, practical applications, or both are still largely unrealized. These technologies are generally new but also include older technologies finding new applications. Emerging technologies ...

, build

financial models Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of f ...

, create data visualizations, and build custom benchmarks and comps.

History

PitchBook was founded in 2007 by John Gabbert. In 2009, it received investment of $4.25 million from

angel investors An angel investor (also known as a business angel, informal investor, angel funder, private investor, or seed investor) is an individual who provides capital for a business or businesses start-up, usually in exchange for convertible debt or owner ...

and Morningstar, and a further $10 million from Morningstar in January 2016. In December 2016, Morningstar entered into a definitive agreement to acquire PitchBook, paying approximately $180 million for the remaining ownership in a transaction that valued PitchBook at $225 million. PitchBook maintains its brand and identity, and its founder and CEO, John Gabbert, continues to run the company. As of October 2019, its workforce included over 1,000 employees worldwide, including full-time contractors. Company timeline: * March 2007: PitchBook founded by John Gabbert * January 2009: Launched flagship product, PitchBook Desktop * April 2014: Launched PitchBook Mobile App * July 2014: Opened London office * December 2016: PitchBook acquired by Morningstar for $225M * February 2017: Added company financial data for 266K companies to mobile app * October 2017: Released PitchBook Extension for Google Chrome * December 2017: Launched benchmark product providing transparency into quarterly private fund performance * June 2018: Launched PitchBook Suggestions, a tool that leverages machine learning to automatically refine search results and increase discovery of new opportunities * July 2018: Integrated Morningstar thematic research into PitchBook's Research Center * May 2019: Launched PitchBook Emerging Technology Research, which helps clients better understand emerging technology sectors * July 2019: Rang the Nasdaq stock market opening bell with Morningstar * November 2019: Launched PitchBook Emerging Spaces and Market Maps, two tools that help clients discover, analyze and understand undefined sectors

Finances

In 2018, PitchBook generated more than $99.6 million in revenue - up 56.6% from the previous year. PitchBook has maintained a 95% CAGR over 10 years.

Awards

PitchBook has won the following awards: * Named Best Workplace by Puget Sound Business Journal five times * Recognized as a Best Company to Work for by Seattle Business Magazine * Won the 2017 GeekWire Award for Deal of the Year * Won the CODiE Product Award eight times * Named Best Research Provider by PE Wire in London in 2019

References

External links

*{{Official website Companies based in Seattle Software companies established in 2007 2016 mergers and acquisitions Startup databases 2007 establishments in Washington (state)