CB Insights is a business analytics platform and global database that provides market intelligence on private companies and investor activities. We’ve leveraged their data countless times to provide you with insights on trending tech startups from different verticals.
Late yesterday night, CB Insights announced its second acquisition in just 2 months. In an email to all its subscribers, New York-based CB Insights said it has acquired the Netherlands-based Blockdata to build out blockchain data offering and untangle the blockchain economy. The financial terms of the deal were not disclosed. This is CB Insights’ second acquisition following its July 2020 buy of the assets of Dow Jones’ VentureSource.
CB Insights also revealed that it will be opening an office in Amsterdam. As part of the acquisition agreement, the company said that Blockdata will remain a standalone product with its own team. Blockdata’s work will also be available to CB Insights clients, the company said.
Founded in 2018 by Jonathan Knegtel, Lucas Schweiger, and Niels Lucker, Blockdata is a market intelligence platform for blockchain and other distributed ledger technology. The startup synthesizes vast amounts of unstructured information about the blockchain/DLT ecosystem to enable financial institutions, governments, and enterprises to confidently decide on the use cases, companies, and projects they should pursue.
Announcing the acquisition, CB Insights founder and CEO Anand Sanwal said this:
Today, we announced the acquisition of Blockdata, an Amsterdam-based technology and data company that untangles the blockchain economy. With the acquisition, we now also have our first international office in beautiful Amsterdam, which we will be growing over the coming months. Beyond the requisite great team, product, and data, what got us excited here were the signals we were observing that blockchain has now moved to the deployment phase. In the last 8 months, we saw a material shift in the views of our financial institution, government, and enterprise clients about blockchain.
Founded in 2008 by Anand Sanwal CB Insights was previously known as ChubbyBrain. CB insights is the ideal tool for those engaged in private equity, venture capital, corporate development, investment banking, corporate innovation & strategy, angel investment, and consulting. Whether it is deal sourcing, due diligence, or market and competitive intelligence, CBI has been created to assist you in discovering the right private company information in the most efficient, comprehensive way.
“Blockdata’s DNA is very similar to ours,” said CB Insights founder Anand. “We will take unstructured documents, including news and other data sources, and build technology that will classify and extract structured data from them.”