SourceScrub announced that it has received a growth equity investment from Mainsail Partners, a San Francisco-based growth equity firm.
SourceScrub will use the capital to accelerate product innovation and expand its customer success resources, with the goal of driving even greater value and support for the company’s growing base of customers.
Founded in 2015, SourceScrub delivers solutions that help investment professionals source, qualify and track companies using a database of private business information. Primarily developed for the financial services industry, SourceScrub’s database is AI-generated and human-validated using information curated from thousands of tradeshows, conferences, buyers’ guides and award publications. Investors can apply filters within the database to easily identify target prospects and generate leads.
“We started SourceScrub to make life easier for investment professionals who care about efficient deal origination, market mapping, and thematic research,” said SourceScrub’s CEO and Co-Founder Tyler Fair. “Prior to founding SourceScrub, I spent the early part of my career doing direct deal origination and discovered the need for a tech-enabled solution to make the process more efficient.”
“As one of our first customers and a power user, Mainsail provided valuable feedback and insights as we evolved the product,” added Prescott Nasser, Co-Founder and CTO. “We have known the team at Mainsail for many years, which makes us all the more excited to expand our relationship.”
SourceScrub offers multiple tools within the platform to support more efficient market research and lead generation. For example, customers can select any combination of tracked attributes to build custom reports before attending a conference or tradeshow, allowing them to target leads months in advance. Additionally, SourceScrub’s workflow integrates with Salesforce.com, SugarCRM, DealCloud and Affinity, allowing customers to easily add new records from SourceScrub or update existing records.
Mainsail started using SourceScrub in 2015, shortly after the company’s founding. “We have used numerous data sources and technologies over the years to support our research program, but we haven’t found any to be as effective as SourceScrub,” said Gavin Turner, Co-Founder and Managing Partner at Mainsail Partners. “At every turn, the team at SourceScrub has demonstrated their understanding of our industry and a desire to increase the value they deliver to their customers,” said Turner. “We are impressed with what Tyler and Prescott have built and are excited to partner with them in this next stage of growth.”
Today, SourceScrub serves hundreds of customers across the investment banking, private equity, venture capital, direct lending, corporate development, and professional services industries. The company is headquartered in San Francisco with offices in New York City and the Philippines. In addition to investing in product development and customer success, the company will invest in scaling its sales and marketing efforts.