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FT Partners Advises AlphaSense on its $180,000,000 Series C Financing

Overview of Transaction

  • On September 30, 2021, AlphaSense announced it has raised $180 million in a Series C financing round led by Viking Global Investors and Goldman Sachs Asset Management (GSAM) Growth Equity
  • Viking Global Investors is a global investment firm founded in 1999 that manages ~$58bn of capital for investors
  • GSAM Growth Equity (“Goldman Sachs”) has invested over $13bn in companies led by visionary founders and CEOs
  • Alliance Bernstein, Bank of America, Barclays, Citi, Cowen, Morgan Stanley, Wells Fargo and other investors also participated in the round
  • AlphaSense is a leading market intelligence and search platform with operations in the United States, Europe, and India
  • AlphaSense leverages AI and NLP to extract insights from an extensive universe of public and private content, enabling professionals to make critical decisions with confidence and speed
  • AlphaSense is trusted by a majority of S&P 500 companies including 70% of top asset management firms and 76% of top consultancies

Significance of Transaction

  • The capital infusion will be used to further invest in product development, content expansion and customer support, and to drive organic growth as well as acquisitions
  • Through international expansion, AlphaSense plans to continue investing in global and foreign-language content and expanding its customer service and engineering teams worldwide

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to AlphaSense
  • FT Partners previously advised AlphaSense on its $50 million Series B financing round in 2019 and its $33 million growth financing round in 2016
  • This transaction highlights FT Partners’ industry-leading expertise within the Information Technology / Capital Markets space and its successful track record