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Yipit, LLC secured a senior syndicated debt commitment led by CIBC Innovation Banking

Jun 12, 2024about 1 year ago
New YorkFintechFinancial ServicesAnalytics

Investors

Norwest Venture PartnersCarlyle (Nasdaq: Cg)

Description

CIBC Innovation Banking acted as the lead arranger and an administrative agent on a debt facility for Yipit, LLC. The company took this opportunity to reduce borrowing costs and to provide flexibility to support their strategy.

Company Information

Company

Yipit

Location

New York, New York, United States

About

YipitData is the leading market research firm for the disruptive economy. We analyze billions of data points every day to provide accurate, detailed insights on ridesharing, e-commerce marketplaces, payments and more. Our on-demand insights team uses proprietary technology to identify, license, clean and analyze the data many of the world’s largest investment funds and corporations depend on.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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