- YipitData recently announced it is raising up to $475 million in a Series E funding round led by Carlyle (NASDAQ: CG). These are the details.
YipitData recently announced it is raising up to $475 million in a Series E funding round led by Carlyle (NASDAQ: CG). YipitData is known as a leading market research firm as they analyze billions of data points every day to provide accurate, detailed insights on ridesharing, e-commerce marketplaces, payments, etc.
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, including ridesharing, e-commerce marketplaces, payments, and streaming video. And YipitData will use the funding for product innovation and expansion into new markets.
KEY QUOTES:
“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. 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.”
— Vinicius Vacanti, Co-Founder and CEO of YipitData
“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. 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.”
— Anna Tye, a Managing Director specializing in technology at Carlyle
“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. 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.”
— Jon Kossow, Managing Partner of Norwest Venture Partners
