Web-scraped data provider YipitData has closed a Series E funding round that allows it to raise up to $475m from Carlyle Group.
The new investment values the company at more than $1bn, catapulting Yipit into the ranks of other unicorn data providers, like Patsnap, Dataminr, Spire Global, Otonomo and Wejo.
Vinicius Vacanti, Yipit’s CEO, has said that it will use the funding to acquire new datasets and hire more analysts.
The data vendor has gone on a hiring spree this year, poaching top alternative data players from the hedge fund space like Point72’s Jay Shen, Bridgewater’s Nina Fletcher, Surveyor Capital’s Max Chapados and Lake Partners’ Kev Vorhees.
Carlyle joins Norwest Venture Partners as an investor. Norwest first invested in Yipit in 2019.
Yipit was founded in 2010 and initially collected/aggregated data from online daily deal websites (e.g. Groupon). In 2014 Yipit launched YipitData, which collects website data on a broader set of online companies and focuses on providing investment research for the buy-side community.
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