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