NEW YORK, Dec. 6, 2021 /PRNewswire/ -- YipitData today
announced a Series E funding round, led by global investment firm
Carlyle (NASDAQ: CG). YipitData has gained rapid momentum among
institutional investors and corporations with its highly accurate,
detailed research and analytics on the most disruptive and
digitally enabled sectors in the world, including ridesharing,
e-commerce marketplaces, payments and streaming video. YipitData
will use the funding for product innovation and expansion into new
markets.
"The amount of data generated grows exponentially every year,
and can be valuable in providing accurate, detailed insights across
all types of markets. However, the data is raw, unstructured and
constantly changing, making it very difficult for companies to use
it in any meaningful way," said Vinicius
Vacanti, Co-Founder and CEO of YipitData. "That is where
YipitData comes in. We specialize in analyzing billions of data
points every day to provide reliable insights to investment funds
and corporations so they can make better decisions. With this
funding from Carlyle we will usher in a new era of market
research."
"At Carlyle, we have a long history of working with founders to
help grow their businesses and drive long-term value while
preserving their culture," said Anna
Tye, a Managing Director specializing in technology at
Carlyle. "We are thrilled to partner with Vin and YipitData's
exceptionally strong management team to unlock value from new
alternative data sets, supporting new product launches and further
commercial expansion. We believe YipitData has a long runway for
very strong growth and look forward to supporting the company on
its journey."
Carlyle strives to be the partner of choice for founders. This
investment in YipitData builds on the firm's momentum investing in
fast-growing, founder-owned data businesses including ZoomInfo,
Dealogic, and TrinetX. This investment is also a continuation of
Carlyle's long-term global commitment to Financial Technology, in
which it has invested ~$5 billion of
equity since inception. Carlyle's significant fintech experience
includes investments in leading businesses such as Abrigo, ION,
Dealogic, OpenLink, SS&C, Primatics, and Calastone, among
others.
"Norwest Venture Partners welcomes Carlyle as an investor in
YipitData. We look forward to working with Carlyle as we both share
the same philosophy on partnering with strong teams to support
founders' visions," said Jon Kossow,
Managing Partner of Norwest Venture Partners. "Since our investment
in 2019, the company has driven phenomenal growth and we feel
confident that Carlyle's track record of success with M&A will
be critical in helping YipitData continue that trajectory."
Jefferies acted as the exclusive financial advisor and Goodwin
served as the legal advisor to YipitData in connection with the
transaction. Alston & Bird was the legal advisor to
Carlyle.
YipitData was founded in 2013 and now works with more than 400
investment funds and corporations. For more information, visit
YipitData.com.
About YipitData
YipitData is the leading market
research firm for the disruptive economy. We analyze billions of
data points every day to provide accurate, detailed insights on
ridesharing, e-commerce marketplaces, payments and more. Our
on-demand insights team uses proprietary technology to identify,
license, clean and analyze the data many of the world's largest
investment funds and corporations depend on. YipitData is proud to
have created a culture that prizes mastery, ownership and purpose.
For more information, visit YipitData.com.
About Carlyle
Carlyle (NASDAQ: CG) is a global
investment firm with deep industry expertise that deploys private
capital across three business segments: Global Private Equity,
Global Credit and Global Investment Solutions. With $293 billion of assets under management as of
September 30, 2021, Carlyle's purpose
is to invest wisely and create value on behalf of its investors,
portfolio companies and the communities in which we live and
invest. Carlyle employs more than 1,800 people in 26 offices across
five continents. Further information is available at
www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle.
About Norwest Venture Partners
Norwest is a leading
venture and growth equity investment firm managing more than
$9.5 billion in capital. Since its
inception, Norwest has invested in more than 650 companies and
currently partners with more than 200 companies in its venture and
growth equity portfolio. The firm invests in early to late-stage
businesses across a wide range of sectors with a focus on consumer,
enterprise, and healthcare. The Norwest team offers a deep network
of connections, operating experience, and a wide range of impactful
services to help CEOs and founders scale their businesses. Norwest
has offices in Palo Alto and
San Francisco, with subsidiaries
in India and Israel. For more information, please visit
www.nvp.com. Follow Norwest on Twitter @NorwestVP.
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SOURCE YipitData