PitchBook Data, Inc.
 PitchBook Data's Logo | |
| Subsidiary | |
| ISIN | 🆔 |
| Industry | Mergers and Acquisitions, Private Equity and Venture Capital |
| Founded 📆 | Seattle, WA - March 2007 |
| Founder 👔 | John Gabbert |
| Headquarters 🏙️ | , , United States |
Number of locations | London, New York City, San Francisco, Mumbai, Hong Kong |
Area served 🗺️ | |
Key people | John Gabbert, founder and CEO[1] |
| Products 📟 | The PitchBook Platform, PitchBook Mobile |
| Revenue🤑 | $99.6 million(2018)[2] |
| Members | |
Number of employees | 1,000 (Oct 2019)[3] |
| Parent | Morningstar, Inc. |
| 🌐 Website | pitchbook |
| 📇 Address | |
| 📞 telephone | |
PitchBook Data, Inc. is a SaaS company that delivers data, research and technology covering private capital markets including venture capital, private equity and M&A transactions.[4] It is based in Seattle, Washington, 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, investors, deals, mergers and acquisitions, funds, advisors, and people.
Products[edit]
PitchBook products include:
- PitchBook Desktop
- PitchBook Mobile
- PitchBook Direct Data
- PitchBook CRM Integration
- PitchBook Chrome Extension
Functionality[edit]
Within the PitchBook Platform, users can access a variety of analysis tools to run targeted searches, research emerging technologies, build financial models, create data visualizations, and build custom benchmarks and comps.
History[edit]
PitchBook was founded in 2007 by John Gabbert.[5] In 2009, it received investment of $4.25 million from angel investors and Morningstar,[6][7] and a further $10 million from Morningstar in January 2016.[3] 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.[4]
As of October 2019, its workforce included over 1,000 employees worldwide,[8] including full-time contractors.
Company timeline:
- March 2007: PitchBook founded by John Gabbert[9]
- January 2009: Launched flagship product, PitchBook Desktop[10]
- April 2014: Launched PitchBook Mobile App[11]
- July 2014: Opened London office[12]
- December 2016: PitchBook acquired by Morningstar for $225M[13]
- February 2017: Added company financial data for 266K companies to mobile app[14]
- October 2017: Released PitchBook Extension for Google Chrome[15]
- December 2017: Launched benchmark product[16] providing transparency into quarterly private fund performance
- June 2018: Launched PitchBook Suggestions,[17] 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[18]
- May 2019: Launched PitchBook Emerging Technology Research,[19] which helps clients better understand emerging technology sectors
- July 2019: Rang the Nasdaq stock market opening bell with Morningstar[20]
- November 2019: Launched PitchBook Emerging Spaces and Market Maps,[21] two tools that help clients discover, analyze and understand undefined sectors
Finances[edit]
In 2018, PitchBook generated more than $99.6 million in revenue – up 56.6% from the previous year.[22] PitchBook has maintained a 95% CAGR over 10 years.[23]
Awards[edit]
PitchBook has won the following awards:
- Named Best Workplace by Puget Sound Business Journal five times[24]
- Recognized as a Best Company to Work for by Seattle Business Magazine[25]
- Won the 2017 GeekWire Award for Deal of the Year[26]
- Won the CODiE Product Award eight times[23]
- Named Best Research Provider by PE Wire in London in 2019[27]
References[edit]
- ↑ "John Gabbert: 2013 40 Under 40 Honoree (Video)". Puget Sound Business Journal. September 13, 2013. Retrieved October 9, 2013.
- ↑ "Pitchbook has had impressive organic growth. Can you give some insight into what is driving the growth?".
- ↑ 3.0 3.1 "Morningstar buys Seattle start-up in $225 million deal". Seattle Times. 14 October 2016. Retrieved 2016-10-15.
- ↑ 4.0 4.1 "Morningstar completes acquisition of PitchBook". Retrieved 2016-12-01. Unknown parameter
|url-status=ignored (help) - ↑ "Executive Q&A with PitchBook CEO John Gabbert". Seattle Business Magazine. 29 June 2017. Retrieved 2017-07-01. Unknown parameter
|url-status=ignored (help) - ↑ "About". pitchbook.com. Retrieved 2016-02-02.
- ↑ Dealbook (29 September 2009). "Morningstar Invests in PitchBook". DealBook. Retrieved 2016-02-02.
- ↑ "PitchBook Grows Rapidly as Companies Stay Private". Puget Sound Business Journal. 2019-11-18. Unknown parameter
|url-status=ignored (help) - ↑ "Executive Q&A: PitchBook CEO John Gabbert". Seattle Business Magazine. 2017-07-01. Unknown parameter
|url-status=ignored (help) - ↑ "University of Washington Career Fair PitchBook". University of Washington Career Fair PitchBook. 2019-01-01. Unknown parameter
|url-status=ignored (help) - ↑ "PitchBook Data Launches Mobile PE and VC app". Private Equity Wire UK. 2014-04-22. Unknown parameter
|url-status=ignored (help) - ↑ "PitchBook adds Nearly 200,000 European Companies and Their Complete Financials to Award-Winning Platform". PR Newswire. 2017-10-19. Unknown parameter
|url-status=ignored (help) - ↑ "Morningstar buys Seattle startup PitchBook in $225 million deal". Seattle Times. 2017-10-14. Unknown parameter
|url-status=ignored (help) - ↑ "PitchBook brings company financial data to its mobile app". TechCrunch. 2017-02-13. Unknown parameter
|url-status=ignored (help) - ↑ "PitchBook Platform Streamlines Digital Workflow with New Chrome Extension and Digital Collaboration Tools". CEO.CA. 2017-10-24. Unknown parameter
|url-status=ignored (help) - ↑ "PitchBook Unveils New Benchmark Product Providing Unprecedented Transparency into Private Fund Performance". PR Newswire. 2017-12-14. Unknown parameter
|url-status=ignored (help) - ↑ "PitchBook now offers users suggested companies when they search". TechCrunch. 2018-06-19. Unknown parameter
|url-status=ignored (help) - ↑ "PitchBook Integrates Morningstar Thematic Research into Redesigned Research Center". PR Newswire. 2018-07-19. Unknown parameter
|url-status=ignored (help) - ↑ "PitchBook Launches New Research Product to Help Clients Better Understand Emerging Technology Sectors". PR Newswire. 2019-05-21. Unknown parameter
|url-status=ignored (help) - ↑ "PitchBook and Morningstar Ring Nasdaq Stock Market Opening Bell". Yahoo! Finance. 2019-07-29. Unknown parameter
|url-status=ignored (help) - ↑ "PitchBook Launches New Tools to Enhance Discovery and Understanding of Emerging Technology Sectors". Daily Record News. 2019-11-20. Unknown parameter
|url-status=ignored (help) - ↑ "PitchBook has had impressive organic growth. Can you give some insight into what is driving the growth?". Morningstar News Room. 2019-03-18. Unknown parameter
|url-status=ignored (help) - ↑ 23.0 23.1 "PitchBook Platform Named Best Financial & Market Data Solution by SIIA for Eighth Consecutive Year". PR Newswire. 2019-06-14. Unknown parameter
|url-status=ignored (help) - ↑ "PitchBook Named Best Workplace by Puget Sound Business Journal for the Fifth Year". PR Newswire. 2019-08-30. Unknown parameter
|url-status=ignored (help) - ↑ "100 best companies to work for snapshot: PitchBook". Seattle Business Magazine. 2016-07-01. Unknown parameter
|url-status=ignored (help) - ↑ "Revealed: Winners of the 2017 GeekWire Awards". GeekWire. 2017-05-04. Unknown parameter
|url-status=ignored (help) - ↑ "Private Equity Wire Names PitchBook as Best Research Provider". PR Newswire. 2019-03-20. Unknown parameter
|url-status=ignored (help)
External links[edit]
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