Francisco Partners, a global investment firm that specializes in partnering with technology businesses, has invested in SourceScrub, a private company offering intelligence for the financial services industry. Existing investor Mainsail Partners and SourceScrub’s founders and management will remain significant equity holders in the company.
Tyler Fair, SourceScrub co-founder and CEO, said, “We are thrilled to announce this new investment from Francisco Partners, which will allow SourceScrub to double-down on its position as the essential platform for data-driven sourcing and deal-making. Across the board, our customers are dealing with increasing competitive dynamics, and with this new investment, SourceScrub can provide an even greater level of private company insights to keep up with the private market’s demand for better performance.” Prescott Nasser, SourceScrub Co-Founder and President, added: “We believe with this partnership we will continue to build on our product leadership and further extend and enhance SourceScrub’s leading offering across use cases while also significantly expanding our customer base.”
Peter Christodoulo, partner at Francisco Partners, said, “SourceScrub’s market leadership, incredible culture, and dedication to its customers create a unique and powerful platform for growth. We are extremely excited to partner with the SourceScrub team to accelerate the growth of all aspects of the business.”
“It has been both gratifying and exciting to be a part of SourceScrub’s growth over the last few years as both an investor and a customer,” commented Gavin Turner, co-founder and managing partner at Mainsail Partners. “SourceScrub has built what we believe is the highest quality private company database in the industry, and we are proud to continue our partnership with Tyler Fair, Prescott Nasser and the rest of the team as the company continues its growth story.”
Raymond James served as financial advisor and Wilson Sonsini Goodrich & Rosati served as legal advisor to SourceScrub. Kirkland & Ellis LLP served as legal advisor to Francisco Partners.