Morningstar increased its stake in PitchBook to 20% with a $10m investment that valued the financial data platform at $160m.
Financial research organisation Morningstar has invested $10m in PitchBook Data, the US-based operator of a venture capital, private equity and M&A data platform.
Founded in 2007, PitchBook runs a database and research tool called the PitchBook Platform, which tracks investment across the entire funding lifecycle to exit.
PitchBook Platform has accumulated more than 1,400 customers, and the company aims to expand its workforce from about 500 to 600 during this year while developing new features and expanding the platform.
The…
