Wednesday, January 27, 2016

PitchBook Data Finds $10M In Series B

Seattle-based PitchBook Data, which provides information and analysis on private company financings, has raised $10M in a Series B funding, the company said today. The funding came from Morningstar, an existing investor in the company. PitchBook said the new funding gives it a post-money valuation of $160M, and gives Morningstar a 20% equity stake in the company. The company has now raised $14.25M in total. The company, led by John Gabbert, says it had $31M in sales in 2015.