HG Insights Receives Investment From Riverwood Capital Partners

January 5, 2021
Written by Kelly Lindenau
Published in News Briefs

HG Insights, a global leader in technology intelligence, received a significant growth investment from Riverwood Capital, a technology-focused equity firm, to elevate HG Insights’ status as a supplier of technology and market insights to B2B brands.

HG Insights’ proprietary processes formulate data on more than 11 million companies worldwide, covering 14,000+ products in 248 countries and territories. That data is surfaced in HG Insights’ platform and used for decision making in more than 85% of Fortune 100 B2B companies.

“Our customers have come to rely on HG Insights as an indispensable input into their most strategic decisions such as market sizing, whitespace analysis and territory planning, as well as for fundamental activities including opportunity prioritization and account-based marketing intelligence,” said Elizabeth Cholawsky, CEO of HG Insights, in a statement. “Our rapid growth over the last two years is fueled by the depth and breadth of benefits we provide to B2B technology companies, globally. Riverwood’s investment is a vote of confidence in our future. It gives us flexibility and access to resources to help accelerate our growth and capitalize on the exciting opportunity before us. We are thrilled to be partnering with the Riverwood team.”

Founded in 2010, HG Insights’ organic growth was powered by a focus on curating comprehensive and accurate technographic information, including technology installation, IT budgets and contract information, and on surfacing insights through the HG platform. 2020 was a record year for annual recurring revenue and profitability, with employee count increasing by 30%.