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AI summary of the reporting below · Updated · How we work
PitchBook launched a program providing early-stage startups with free access to its private-market platform in exchange for their financial metrics and operational details. Announced Tuesday at Web Summit in Lisbon, the PitchBook for Startups initiative supplies data to PitchBook Origin, a newly debuted deal-sourcing service aimed at helping venture capitalists discover companies prior to their initial institutional funding rounds. [1][2]
The free access is restricted to bootstrapped and pre-seed companies that have neither raised a priced round nor accepted capital from institutional investors. PitchBook stated that only selected portions of these submissions will be incorporated into Origin, though it did not specify which details. [1]
The Origin tool spans approximately 25 million companies—around 15 million of which are brand new to the platform—and scores them according to investor criteria while tracking early activity signals. PitchBook has not disclosed pricing for Origin and currently directs interested investors to a waitlist. The release arrives amid a surge in early funding, with an estimated 8,625 first-time U.S. startup financings tracked through the third quarter. [1]
PitchBook will give early-stage startups free access to its private-market data in exchange for quarterly updates on details such as their financials, team growth and product milestones. That information will feed PitchBook Origin, a new product from the Seattle-based company that helps venture investors find startups before they raise their first institutional round.
via GeekWire
Private markets data provider PitchBook Data Inc. today opened its platform to startups for free at Web Summit in Lisbon. Those that sign up have to share their financials. Some of that information will reach investors through the company’s new deal sourcing service, PitchBook Origin. The launches come as more startups than ever are landing…
via SiliconANGLE