- This is the first institutional capital Muck Rack has received since it was founded in 2009
- SGE is exclusively focused on growth-stage software, internet and information services companies
- AQ Technology Partners acted as financial advisor to Muck Rack
Muck Rack, a journalist database, has secured a $180 million Series A investment from Susquehanna Growth Equity.
This is the first institutional capital investment Muck Rack has received since its founding in 2009.
“This investment is an indicator of the strength of our business and Muck Rack’s bright future as we drive toward our mission to enable organizations to build trust, tell their stories and demonstrate the unique value of earned media,” Gregory Galant, co-founder and CEO of Muck Rack, said in a statement.
Muck Rack was founded by Galant and Lee Semel to help journalists connect with each other and share their work. It quickly became popular with PR professionals and journalists, with more than 10,000 journalists requesting to be added to Muck Rack in the first year. In 2011, the Muck Rack software platform was born, offering journalist profiles, email alerts, search and lists.
In addition to the funding, Josh Elser, a managing director at SGE, will join Muck Rack’s board, along with SGE managing director Scott Feldman.
AQ Technology Partners acted as the financial advisor to Muck Rack in the transaction.
SGE focuses on growth-stage software, internet and information services companies.