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ThoughtSpot

United States

About ThoughtSpot

ThoughtSpot is a leading cloud analytics platform that empowers business users to extract insights from data using natural language queries. With its innovative technology, users can simply type questions in plain English, and ThoughtSpot translates these into SQL queries, delivering instant visualizations and insights. The platform features a powerful Relational Search Engine, AI-driven tools like Spotter, and automated insights through SpotIQ, all displayed on interactive dashboards called Liveboards. This seamless integration with cloud data warehouses such as Snowflake and BigQuery allows for rapid deployment without the need for data migration.

Valued at $4.2 billion following a $100 million Series F funding round, ThoughtSpot has raised a total of $674 million to date. Its B2B SaaS model operates on a consumption-based pricing system, aligning revenue growth with customer success. This approach not only reduces implementation friction but also enhances the platform's value as more users engage with its analytics capabilities.

What sets ThoughtSpot apart is its unique blend of user-friendly analytics and advanced AI functionalities, catering to both business users and technical analysts. The recent acquisition of Mode Analytics further strengthens its position in the market by offering SQL and Python capabilities alongside self-service analytics.

As ThoughtSpot continues to expand its product offerings and geographic reach, it aims to redefine the analytics landscape by integrating decision automation and AI-powered insights, ensuring that organizations can leverage their data for strategic advantage.

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ThoughtSpot One-Pager

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Frequently Asked Questions

How would the investment be structured?

When investment opportunities become available for ThoughtSpot, they would typically be structured through US-based, bankruptcy-remote Delaware SPVs. As an investor, you would become a limited partner in a fund that indirectly holds shares of the company. This page is for expressing interest in future opportunities, not for making actual investments.

Why can't I invest in ThoughtSpot directly?

Direct investment into high-demand private companies like ThoughtSpot often requires $50M+ in capital. Our SPV structure gives you access at lower minimums by pooling capital and investing through intermediaries that already hold equity.

What is the minimum investment amount?

The minimum investment typically starts from $10,000, though it may vary depending on the deal size and available allocations.

When will I receive units for my investment?

Once the SPV is fully funded and the shares are secured, units will be allocated to your account and you'll be notified. This typically takes 2–3 weeks post close date.

What are the exit options or liquidity paths?

Liquidity is not guaranteed. However, exits may occur through the following avenues:
(a) resale through our partner's Alternative Trading System (ATS) after a holding period,
(b) secondary market transactions,
(c) a future IPO of ThoughtSpot or its subsidiaries, or
(d) an acquisition of the company.

What are the risks of investing in ThoughtSpot?

Key risks include equity risk (share value decline) and liquidity risk (limited tradability of private shares). As with any private market investment, capital loss is possible.

What are the tax implications?

Taxation is treated the same as investing in US-listed stocks. Long-term capital gains (after 24 months) are taxed at 12.5%. Short-term gains are taxed as per your income tax slab.

Under which regulatory framework does this investment fall?

All investments are made through SEC-compliant SPVs under Regulation S. The structure is similar to those used by leading US platforms like EquityZen and Forge.

Need More Information?

Have additional questions about this investment opportunity? Our team is here to help.

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Funding Rounds

Series F

$25.83 November 12th, 2021

Series E

$15.60 March 31st, 2021

Series D

$9.69 April 30th, 2018

Series C

$5.76 March 31st, 2017

Series B

$3.13 June 30th, 2014

Series A

$0.88 June 30th, 2012

Funding Rounds

Series F

$25.83 November 12th, 2021

Series E

$15.60 March 31st, 2021

Series D

$9.69 April 30th, 2018

Series C

$5.76 March 31st, 2017

Series B

$3.13 June 30th, 2014

Series A

$0.88 June 30th, 2012
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