In a recent TechCrunch article titled “Progressive VCs and private equity are using tech and analytics to revolutionize investing,” David Teten wrote: “private equity and venture capital investors are copying our sisters in the hedge fund world: we’re trying to automate more of our job.” He further examined the state of the capital markets and the way that technology is revolutionizing the industry.
According to Teten, there are 11 steps of the investing process (firm management, marketing, fundraising, origination, relationship management, due diligence, negotiation, monitoring, portfolio acceleration, reporting, and exit) – all of which would benefit from technology optimization and automation. In the article, he argues that the most progressive investors are using technology and analytics throughout their operations.
DealCloud was listed as one of the best solutions for managing relationships and was cited not only as a “custom CRM solution for PE/VC,” but as a compelling alternative to “general-purpose” CRM and sales funnel solutions.
Elsewhere on the list are many of DealCloud’s premier capital markets data providers including Sutton Place Strategies, Preqin, PrivCo, PitchBook, and SourceScrub.