PitchBook Bootstraps its Way to Over $30 Million in Sales
September 11, 2015
PitchBook, Seattle’s fastest-growing fintech company, expands U.S. headquarters, poised for more international growth
SEATTLE — PitchBook Data, Inc., the foremost provider of proprietary data, analytics and technology to professionals in the private financial markets, today announced the expansion of its U.S. headquarters, signaling continued success for the Seattle-based fintech firm. PitchBook raised a round of seed financing in September 2009, since then, the company has been self-funded through its sales, which reached $18.2 million in 2014 and is on pace to exceed $30 million this year.
In 2010, PitchBook had 45 employees, 134 clients and an annual revenue of $600k. Now, five years later, the company employs over 400 people worldwide, services more than 1,300 customers, including notable firms such as Silver Lake Partners, Kleiner Perkins Caufield & Byers, Dell, and Rothschild Group, and has grown at a CAGR of 118.67% in the same timeframe. To accommodate the company’s rapid growth, PitchBook relocated its Seattle headquarters, moving from a shared office space on the city’s waterfront to a redesigned 35,000 square-foot office—more than double the square footage of its previous location.
“We’ve built a world-class team and worked our tails off to reach this level of growth, and we’re ecstatic to be moving into a new space that will allow us to continue growing, innovating and working closely with our customers,” said John Gabbert, CEO and founder of PitchBook Data, Inc. “We’ve developed a number of game-changing products in the last year and we’re excited to roll out the next wave of features that will allow us to better serve our customers and prepare us for our next stage of growth.”
In the coming months, PitchBook will be moving into new offices in both New York and London, and will begin scouting for office space in San Francisco. In 2016, the company will start making plans to further its international presence. PitchBook expects to continue its primary growth in both the U.S. and Europe, with its sights set on Asia, as it now serves customers in 37 countries.