SEATTLE, 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 including financials, Smart News and SEC filings, allows users to find this data instantly.
- Mobile Financials - this feature allows users to access key financial information, including stock price history, balance sheets, income statements and cash flows, providing a quick measurement of a company's financial performance.
- Mobile Smart News - with real-time news, PitchBook Mobile users can stay on top of the latest company news and funding events from the industry's top media sources.
- Mobile SEC Filings - this feature allows users to easily access company filings (including S1s, 10-Qs and 10-Ks) on the SEC website directly from PitchBook company and investor profiles.
"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.
PitchBook is the industry's leading resource for meaningful information about global VC, PE and M&A activity. PitchBook empowers more than 2,000 clients to make the most informed business decisions by providing them with the highest quality information on the entire investment lifecycle through its flagship product, the PitchBook Platform. This award-winning, web-based platform features a powerful suite of integrated technology that meets the diverse, data-driven needs of the private markets. PitchBook is a Morningstar company.
SOURCE Morningstar, Inc.