Business Development Tool Company Relationship Science Raises $30 Million
Relationship Science (RelSci) is a social networking startup for the elite that has raised $30 million in funding from David Komansky (former Merrill Lynch chairman), Stephen Luczo (Seagate CEO), Reuben Jeffery III (former Bush administration official), William Rudin (real estate developer), and Salesforce.com. Other investors that have put money into Relationship Science in the past includes Henry Kravis, Ronald Perelman, Stanley Druckenmiller, and Joseph Perella.
Launched in January 2013 with $60 million in funding, RelSci grabs information on over 2 million executives in corporate America and Wall Street. Relationship Science puts together a collection of information by scraping the Internet. Customers will be able to figure out how they are connected to the high-profile individuals on the network.
Relationship Science was founded by Neal Goldman. Goldman created and sold a financial database company called Capital IQ to McGraw Hill in 2004. Several business entities use Relationship Science to enhance their pitches and they have over 150 clients including private equity firms and investment banks.
“Our product clearly resonates with people,” stated Goldman. “Deal makers, sales professionals, fund-raisers, investors – they are all looking to leverage their individual and organization-wide relationships in more powerful and productive ways.”
Relationship Science plans on using the funding to fuel their expansion. They will also broaden their core database and to develop new applications.