RocketReach, a leading go-to-market intelligence platform used by sales, marketing, and recruiting teams, today announced that Brighton Park Capital has acquired a majority stake in the company. Cascadia Capital served as the exclusive financial advisor to RocketReach in the transaction.
Founded in 2015 by Amit Shanbhag and Andrew Tso, RocketReach has become one of the leading providers of B2B data for enterprises of all sizes. The platform provides real-time contact and company information on 430 million professionals and 17 million companies. RocketReach serves over 5.6 million users across more than 500,000 companies, including users at 95% of the Fortune 500. Prior to this funding, the Company had been bootstrapped since its inception.
The news comes after one of RocketReach’s best performing months since its inception, with the company more than doubling its revenue year over year while achieving a significant level of profitability. RocketReach believes Brighton Park can help further capitalize on this strong momentum.
“We are thrilled to be working with Brighton Park Capital,” said Amit Shanbhag, Co-Founder of RocketReach. “They believe, like we do, that RocketReach is uniquely positioned and provides a top-tier offering in the market.”
Andrew Tso, Co-Founder of RocketReach, added “This investment and Brighton Park’s involvement will help us increase investments in sales, marketing, and product development, and accelerate our go-forward growth trajectory.”
“Amit and Andrew built RocketReach into a fast-growing, very profitable business of scale by leveraging an ideal combination of data breadth, depth and quality. They capitalized upon their prior experiences to build strong search market share and effectively monetized organic traffic with a high-velocity, low-friction self-service distribution model,” noted Matt Riendeau, Cascadia Capital Senior Vice President. “Brighton Park’s investment will help propel RocketReach to their next phase of growth, blending product-led and sales-led activities. I look forward to seeing what RocketReach and Brighton Park can accomplish together as partners.”
“Cascadia was an invaluable advisor to us during this transaction,” added Mr. Shanbhag. “They understood the value of our business and their deep expertise in the Lead Intelligence sector allowed them to attractively position RocketReach to the best possible partner. We are extremely pleased with the outcome they drove for us, especially against the backdrop of a global pandemic.”
The acquisition represents another successful transaction for Cascadia in the Lead Intelligence sector. Past transactions include DiscoverOrg’s (nka ZoomInfo) financings from TA Associates in 2014 and then The Carlyle Group 2018, and the acquisition of Datanyze by ZoomInfo.
For more information about this transaction, please contact the Cascadia Capital deal team:
Senior Vice President