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PitchBook Adds 266,000 Financials of Emerging Private Companies to its App, PitchBook MobileSEATTLE, Feb. 13, 2017 /PRNewswire/ -- PitchBook, the leading platform for private capital market data, today announced that PitchBook Mobile now includes the financials of more than 266,000 global emerging private companies -- including balance sheets, income statements and cash flows. PitchBook has provided information on the global private capital markets, including financing rounds, valuations and deal terms for more than a decade. And in 2016, PitchBook set out to surface hard-to-find financials on the world's emerging private companies in order to provide a complete measurement of a company's health. In doing so, 145,000 new revenue figures were added to PitchBook company profiles last year, which are already home to the most detailed information on a company's investment history. This additional data provides investors and business professionals with access to the most valuable information on global private companies at the touch of a button, empowering them to make smarter decisions and negotiate better deals wherever they are. With this release comes two additional mobile features: Smart News and SEC Filings. In 2016, more than $700 billion was invested by VC and PE firms in the U.S., up from the $542 billion invested in 2006. Despite this increase in capital flowing into the private capital markets over the past decade, the amount of information available on many of the world's most meaningful companies remains limited. PitchBook Mobile, now includng financials, Smart News and SEC filings, allows users to find this data instantly.
"At PitchBook we are dedicated to serving our customers. For us that means arming them with information on private companies that simply can't be found anywhere else," said John Gabbert, founder and CEO of PitchBook. "By having this information available through PitchBook Mobile, our customers can now easily access the entire investment and financial history of a company no matter where they are. My hope is that the next time someone says Uber doesn't make any money, someone pulls out PitchBook Mobile to prove them wrong." PitchBook is a SaaS platform that connects people with private financial market data spanning venture capital, private equity and M&A. PitchBook serves more than 2,000 clients including Microsoft, Venrock, and Canaan Partners. PitchBook employs more than 600 people globally and has offices in Seattle, New York and London. In December 2016, independent investment research provider Morningstar, Inc. (NASDAQ: MORN) acquired PitchBook. About PitchBook Media Contact: MORN-P
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/pitchbook-adds-266000-financials-of-emerging-private-companies-to-its-app-pitchbook-mobile-300406252.html SOURCE Morningstar, Inc. |