PitchBook Bootstraps its Way to Over $30 Million in Sales
SEATTLE–(BUSINESS WIRE)–PitchBook Data, Inc., the foremost provider of proprietary data,
analytics and technology to professionals in the private financial
markets, today announced the expansion of its U.S. headquarters,
signaling continued success for the Seattle-based fintech firm.
PitchBook raised a round of seed financing in September 2009, since
then, the company has been self-funded through its sales, which reached
$18.2 million in 2014 and is on pace to exceed $30 million this year.
In 2010, PitchBook had 45 employees, 134 clients and an annual revenue
of $600k. Now, five years later, the company employs over 400 people
worldwide, services more than 1,300 customers, including notable firms
such as Silver Lake Partners, Kleiner Perkins Caufield & Byers, Dell,
and Rothschild Group, and has grown at a CAGR of 118.67% in the same
timeframe. To accommodate the company’s rapid growth, PitchBook
relocated its Seattle headquarters, moving from a shared office space on
the city’s waterfront to a redesigned 35,000 square-foot office—more
than double the square footage of its previous location.
“We’ve built a world-class team and worked our tails off to reach this
level of growth, and we’re ecstatic to be moving into a new space that
will allow us to continue growing, innovating and working closely with
our customers,” said John Gabbert, CEO and founder of PitchBook Data,
Inc. “We’ve developed a number of game-changing products in the last
year and we’re excited to roll out the next wave of features that will
allow us to better serve our customers and prepare us for our next stage
In the coming months, PitchBook will be moving into new offices in both
New York and London, and will begin scouting for office space in San
Francisco. In 2016, the company will start making plans to further its
international presence. PitchBook expects to continue its primary growth
in both the U.S. and Europe, with its sights set on Asia, as it now
serves customers in 37 countries.
Founded in 2007, PitchBook is the financial information technology
provider trusted by leading investors, companies and advisors. Their
core offering is the PitchBook Platform, award-winning data and analysis
software that makes it easy to analyze private and public companies,
global M&A, private equity and venture capital activity, along with the
limited partners, investors, funds and advisors involved. In addition to
providing technology and custom research services, PitchBook also
publishes a daily newsletter and quarterly reports detailing key
industry activities and trends. PitchBook is based in Seattle, WA, with
offices in New York City and London.
- ^ BUSINESS WIRE (www.businesswire.com)