Pitchbook's new downtown Seattle office has room for nearly 400 employees. Photos via Pitchbook.
Pitchbook’s new downtown Seattle office has room for nearly 400 employees. Photos via Pitchbook.

Business at Pitchbook is booming, and now the Seattle startup has new digs to accommodate its growth.

pitchbook12The venture capital data provider just moved into two floors of a downtown Seattle office at 901 Fifth Ave that has 35,000 square feet of space, more than double what it had previously at its waterfront location. There is room for up to 370 employees — 170 or so are working there now.

Pitchbook has grown steadily since launching back in 2007 and now counts more than 1,300 customers in 37 countries like Silver Lake Partners, Kleiner Perkins Caufield & Byers, Dell, and Rothschild Group who use the company’s software to analyze venture capital deals, M&A transactions, and private equity financings.

John Gabbert.
John Gabbert.

PitchBook raised a $4.25 million round in 2009 but has otherwise been able to sustain itself on its own revenue. Sales reached $18.2 million last year and are on pace to exceed $30 million this year.

“We’ve built a world-class team and worked our tails off to reach this level of growth, and we’re ecstatic to be moving into a new space that will allow us to continue growing, innovating and working closely with our customers,” PitchBook CEO John Gabbert said in a statement. “We’ve developed a number of game-changing products in the last year and we’re excited to roll out the next wave of features that will allow us to better serve our customers and prepare us for our next stage of growth.”

The 400-person company, which has hired 200 people in the last year, will move into larger offices at its existing locations in New York and London later this year and is looking for space in San Francisco. Most of PitchBook’s business comes from the U.S. and Europe, but it will also focus on Asia in the coming months.

Rumors of a potential sale surfaced about a year ago, but Gabbert denied those reports, saying that he would sell PitchBook if a company approached with a “ridiculous price.”

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