PitchBook Data, Inc.

PitchBook Data, Inc. is a premier provider of financial data and research, delivering essential tools for professionals in capital markets to foster informed investment decisions and enhance due diligence. PitchBook Data, Inc. operates as a financial data provider, having been founded in 2007 in Seattle, US.

The company was established by John Gabbert, who has a history of founding other ventures. In October 2016, Morningstar, Inc. acquired the remaining shares of PitchBook for approximately USD 180 mn, indicating a company valuation of USD 225 mn. PitchBook provides a suite of tools designed for capital market professionals.

Its flagship product, PitchBook Desktop, offers extensive information on companies, deals, investors, and funds, facilitating informed decision-making. Additional offerings include a mobile application and Excel plugins, which enable users to access critical data and integrate it into their workflows, catering to clients across North America, Europe, and Asia-Pacific. PitchBook generates revenue through a subscription-based model that grants clients access to its comprehensive database and analytical tools. Clients typically enter annual agreements that vary in access levels according to their specific needs, with institutional clients often opting for more extensive packages.

The pricing structure accommodates a wide range of users, reflecting the value linked to the breadth of data provided. Following the acquisition by Morningstar, Inc. in October 2016, PitchBook aims to leverage the USD 180 mn raised to expand its product offerings and enhance its platform. The company is focusing on developing new features and tools to support professionals in capital markets while targeting broader geographic expansion into emerging markets by 2023.

These initiatives are designed to improve user experience and meet the growing demands of its client base.