H.I.G. Growth Partners Leads $33 Million in Series D Funding for Mode Analytics
SAN FRANCISCO–(BUSINESS WIRE)–#AdvancedAnalytics–H.I.G. Growth Partners (“H.I.G.”), the dedicated growth capital investment affiliate of H.I.G. Capital, is pleased to announce that it has led a $33 million round of Series D funding for Mode Analytics (“Mode”), a leader in advanced analytics and business intelligence.
Founded in 2013 and based in San Francisco, California, Mode serves 52% of Fortune 500 companies, empowering them to make faster, more informed business decisions driven by data science. The company’s cloud-based platform combines personalized analytics, dashboards, interactive visualization, predictive analytics, advanced analytics and prescriptive analytics in a singular, collaborative workflow. Companies using Mode can quickly connect to data, automate queries, and get results in minutes.
Mode’s Series D financing positions the company well to accelerate their customer acquisition and to establish themselves as a market leader in data analytics. With the new capital, Mode will also be able to expand their software platform and deepen their product capabilities to address the complexity of larger, enterprise customers.
In 2019, Mode added several premiere enterprise companies to its customer base, which now includes Anheuser Busch, Zillow, Lyft, Bloomberg, Capital One, VMWare, and Conde Nast, among others. In the Spring of 2020, Mode was the recipient of four G2 Awards, including Best estimated ROI, Fastest Implementation, Highest Performer, and overall Leader.
“Mode goes beyond traditional Business Intelligence by making data faster, more flexible and more customized,” said Scott Hilleboe, Managing Director, H.I.G. Growth Partners. “The Mode data platform speeds up answers to complex business problems and makes the process more collaborative, so that everyone can build on the work of data analysts. We believe the company’s innovations in data analytics uniquely position it to take the lead in the Decision Science marketplace.”
About H.I.G. Growth Partners
H.I.G. Growth Partners is the dedicated growth capital investment affiliate of H.I.G. Capital, a leading global private equity investment firm with $39 billion of equity capital under management.* H.I.G. Growth seeks to make both majority and minority investments in strong, growth-oriented businesses located throughout North America, Europe and Latin America. H.I.G. Growth Partners considers investments across all industries but focuses on certain high-growth sectors where it has extensive in-house expertise such as technology, healthcare, internet and media, consumer products and technology-enabled financial and business services. H.I.G. Growth strives to work closely with its management teams to serve as an experienced resource, providing broad-based strategic, operational, recruiting, and financial management services from a vast in-house team and a substantial network of third-party relationships. For more information, please refer to the H.I.G. website at www.HIGgrowth.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.