AlphaSense looks to increase India presence, raises $225 mn in funding

AlphaSense, the market intelligence and search platform, turned a unicorn after it raised $225 million in a Series D financing round led by the growth equity business of Goldman Sachs Asset Management and Viking Global Investors. It plans to use the funds to grow offices globally, including its innovation hubs in India, located in Pune, Mumbai, and Delhi.

The New York-based firm has been valued at $1.7 billion. This is nearly double the valuation, from its $180 million Series C funding in September 2021 which was also led by Goldman Sachs and Viking Global. The firm said the new funding round includes a substantial debt investment from funds or accounts managed by BlackRock earlier this year.