Kpler Holding SA, a provider of data and analytics to commodity traders, said it will receive about $200 million in private equity funding for its continued expansion.
The investment is led by Five Arrows and Insight Partners, and represents a minority stake in the company, Kpler said in a statement.
The data firm has been growing aggressively in recent months, purchasing rival ClipperData LLC and consultant JBC Energy GmbH. Kpler said it is considering more acquisitions and intends to hire more than 100 people in the coming months.
Kpler said it has doubled its annual recurring revenue in the last 18 months, which is now above $40 million per year. The company aims for it to reach $300 million in the next few years.
Read more: Financial Post
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.