RocketReach Secures Significant Growth Investment From Brighton Park Capital
Deal will enable RocketReach to accelerate investment in sales go-to-market and product development
BELLEVUE, WA, August 10, 2020 — 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.
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.
As part of the investment, Phil Hadley, former Chairman and CEO of FactSet and Special Advisor to Brighton Park Capital, will join the RocketReach board as Chairman. Mark Dzialga and Kevin Magan from Brighton Park Capital will also be joining the board.
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. RocketReach will benefit from Brighton Park’s deep investment experience in the B2B information services space and its differentiated Special Advisor network, which consists of Fortune 500 C-Suite executives with different functional and vertical market expertise.
“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.”
“We are excited to partner with Andrew and Amit in the next stage of RocketReach’s growth,” said Kevin Magan, Principal at Brighton Park. “We have been incredibly impressed with the product-led strategy that has built the company into a market leader, and we see significant growth opportunities through continued product innovation.” Phil Hadley, Special Advisor to Brighton Park, added, “RocketReach stood out to us in the high-growth sales enablement landscape based on its differentiated data asset and its rapid, multi-year, capital-efficient growth.”
Cascadia Capital served as the exclusive financial advisor to RocketReach. Wilson Sonsini Goodrich & Rosati P.C. served as legal advisor to RocketReach. Paul, Weiss, Rifkind, Wharton & Garrison served as legal advisor to Brighton Park Capital.
About Brighton Park Capital
Brighton Park Capital is a Greenwich, CT-based investment firm that specializes in software, information services, technology-enabled services, and healthcare. The firm seeks to invest in companies that provide highly innovative solutions and to partner with great management teams and bring purpose-built value-add capabilities that match the unique requirements of its companies. For more information about Brighton Park Capital, please visit www.brightonparkcap.com.