PitchBook Data

Last updated
PitchBook Data, Inc.
Type Subsidiary
IndustryMergers and Acquisitions, Private Equity and Venture Capital
FoundedSeattle, WA - March 2007
FounderJohn Gabbert
Headquarters,
United States
Number of locations
London, New York City, San Francisco, Mumbai, Hong Kong
Key people
John Gabbert, founder and CEO [1]
ProductsThe PitchBook Platform, PitchBook Mobile
Revenue$99.6 million(2018) [2]
Number of employees
1,000 (Oct 2019) [3]
Parent Morningstar, Inc.
Website pitchbook.com

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.

Contents

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

PitchBook products include:

Functionality

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

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:

Finances

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

PitchBook has won the following awards:

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References

  1. "John Gabbert: 2013 40 Under 40 Honoree (Video)". Puget Sound Business Journal. September 13, 2013. Retrieved October 9, 2013.
  2. "Pitchbook has had impressive organic growth. Can you give some insight into what is driving the growth?".
  3. 1 2 "Morningstar buys Seattle start-up in $225 million deal". Seattle Times. 14 October 2016. Retrieved 2016-10-15.
  4. 1 2 "Morningstar completes acquisition of PitchBook" . Retrieved 2016-12-01.{{cite web}}: CS1 maint: url-status (link)
  5. "Executive Q&A with PitchBook CEO John Gabbert". Seattle Business Magazine. 29 June 2017. Retrieved 2017-07-01.{{cite web}}: CS1 maint: url-status (link)
  6. "About". pitchbook.com. Retrieved 2016-02-02.
  7. Dealbook (29 September 2009). "Morningstar Invests in PitchBook". DealBook. Retrieved 2016-02-02.
  8. "PitchBook Grows Rapidly as Companies Stay Private". Puget Sound Business Journal. 2019-11-18.{{cite web}}: CS1 maint: url-status (link)
  9. "Executive Q&A: PitchBook CEO John Gabbert". Seattle Business Magazine. 2017-07-01.{{cite web}}: CS1 maint: url-status (link)
  10. "University of Washington Career Fair PitchBook". University of Washington Career Fair PitchBook. 2019-01-01.{{cite web}}: CS1 maint: url-status (link)
  11. "PitchBook Data Launches Mobile PE and VC app". Private Equity Wire UK. 2014-04-22.{{cite web}}: CS1 maint: url-status (link)
  12. "PitchBook adds Nearly 200,000 European Companies and Their Complete Financials to Award-Winning Platform". PR Newswire. 2017-10-19.{{cite web}}: CS1 maint: url-status (link)
  13. "Morningstar buys Seattle startup PitchBook in $225 million deal". Seattle Times. 2017-10-14.{{cite web}}: CS1 maint: url-status (link)
  14. "PitchBook brings company financial data to its mobile app". TechCrunch. 2017-02-13.{{cite web}}: CS1 maint: url-status (link)
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  17. "PitchBook now offers users suggested companies when they search". TechCrunch. 2018-06-19.{{cite web}}: CS1 maint: url-status (link)
  18. "PitchBook Integrates Morningstar Thematic Research into Redesigned Research Center". PR Newswire. 2018-07-19.{{cite web}}: CS1 maint: url-status (link)
  19. "PitchBook Launches New Research Product to Help Clients Better Understand Emerging Technology Sectors". PR Newswire. 2019-05-21.{{cite web}}: CS1 maint: url-status (link)
  20. "PitchBook and Morningstar Ring Nasdaq Stock Market Opening Bell". Yahoo! Finance. 2019-07-29.{{cite web}}: CS1 maint: url-status (link)
  21. "PitchBook Launches New Tools to Enhance Discovery and Understanding of Emerging Technology Sectors". Daily Record News. 2019-11-20.{{cite web}}: CS1 maint: url-status (link)
  22. "PitchBook has had impressive organic growth. Can you give some insight into what is driving the growth?". Morningstar News Room. 2019-03-18.{{cite web}}: CS1 maint: url-status (link)
  23. 1 2 "PitchBook Platform Named Best Financial & Market Data Solution by SIIA for Eighth Consecutive Year". PR Newswire. 2019-06-14.{{cite web}}: CS1 maint: url-status (link)
  24. "PitchBook Named Best Workplace by Puget Sound Business Journal for the Fifth Year". PR Newswire. 2019-08-30.{{cite web}}: CS1 maint: url-status (link)
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  26. "Revealed: Winners of the 2017 GeekWire Awards". GeekWire. 2017-05-04.{{cite web}}: CS1 maint: url-status (link)
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