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YipitData Raises up to $475 million in Series E Funding from Carlyle

YipitData announced a Series E funding round, led by global investment firm Carlyle. 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 in the world, including ridesharing, e-commerce marketplaces, payments and streaming video. YipitData will use the funding for product innovation and expansion into new markets.

“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,” said Vinicius Vacanti, Co-Founder and CEO of YipitData. “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.”

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“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,” said Anna Tye, a Managing Director specializing in technology at Carlyle. “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.”

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Carlyle strives to be the partner of choice for founders. This investment in YipitData builds on the firm’s momentum investing in fast-growing, founder-owned data businesses including ZoomInfo, Dealogic, and TrinetX. This investment is also a continuation of Carlyle’s long-term global commitment to Financial Technology, in which it has invested ~$5 billion of equity since inception. Carlyle’s significant fintech experience includes investments in leading businesses such as Abrigo, ION, Dealogic, OpenLink, SS&C, Primatics, and Calastone, among others.

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“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,” said Jon Kossow, Managing Partner of Norwest Venture Partners. “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.”

Jefferies acted as the exclusive financial advisor and Goodwin served as the legal advisor to YipitData in connection with the transaction. Alston & Bird was the legal advisor to Carlyle.

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[To share your insights with us, please write to sghosh@martechseries.com]

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