Datasite Acquires Grata with $500 Mn Investment Commitment
Datasite, the global SaaS provider of AI-powered workflow
collaboration and automation solutions for M&A, investment and strategic
projects, announced that it has acquired Grata, a leading AI-native, private
market intelligence company. CapVest Partners LLP (“CapVest”), the controlling
shareholder of Datasite, intends to invest $500 million, organically and
inorganically, to further expand Datasite’s intelligence solutions.
“This landmark
combination creates a unique market intelligence offering for enterprises
globally,” said Rusty Wiley, CEO and President of Datasite. “Grata has
comprehensive, accurate and searchable data on private companies. Combine that
with the Datasite Group’s anonymized and aggregated insights – from the largest
and most trusted database in the world, capturing over 55,000 projects every
year – and you’ve got an unmatched powerhouse of market intelligence.”
Founded in 2016,
New York-based Grata offers an AI-native platform for private market workflows
combining proprietary company data with integrated dealmaking software
solutions. Datasite’s acquisition and ongoing investment in Grata will
accelerate the growth of its pioneering, deal sourcing and market intelligence
tools. Co-founders Andrew Bocskocsky and Nevin Raj will continue to lead Grata
as a strategic business unit within Datasite.
“We are thrilled to
join the Datasite team and back our shared vision with significant investment,”
said Andrew Bocskocsky, CEO and Co-Founder of Grata. “Together, with Datasite’s
global footprint, we are expanding our reach to international markets and
creating unprecedented value for users.”
Christopher
Campbell, Partner at CapVest, said, “Obtaining accurate, real-time data on
private markets will further enable enterprises and investors to execute their
strategic priorities. We welcome Grata to the Datasite Group and look forward
to bringing unique insights to the M&A community.”
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