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New Deal


Announced

Alkeon Capital led a $250m Series D round in Starburst Data.

Financials

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Transaction Value£184m
Consideration TypeCash
Capital Owned-
Capital Bid For7%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Single Bidder

Friendly

Venture Capital

Acquisition

Minority

IT Services: Other

information technology services

United States

Domestic

Private

Private Equity

Synopsis

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Alkeon Capital led a $250m Series D round in Starburst Data, the analytics anywhere company, with participation from Altimeter and B Capital Group. "Every organization has a top-down mandate to take more data-driven actions, but increases in data volumes have forced organizations to move, misplace and mismanage data, creating blind spots that can negatively impact decision-making. Starburst streamlines data access and analytics across silos, clouds and business lines, enabling organizations to become truly data driven. Today's financing is a reflection of our continued growth and 'workhorse' mentality, from achieving profitability in our first two years of operation to tripling customer adoption in the past 12 months," Justin Borgman, Starburst CEO.

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