CASE STUDY: F-PRIME

With roots as the private venture arm of the Johnson family, founders of Fidelity Investments, F-Prime Capital invests in the most promising technology and healthcare startups in the US and Europe.

NOTABLE EXITS

Adaptimune
$1.2 Billion IPO
Ultragenyx Pharmaceuticals
$610 Million IPO
Regenxbio
$541 Million IPO

F-Prime invests in technology (once as part of Devonshire Investors) and healthcare (formerly as Fidelity Biosciences). Their team is made up of entrepreneurs, operators, doctors, scientists, and investors who believe that entrepreneurs have the power to change the world. F-Prime Capital partners with founders who embrace the challenge of breakthrough medicine and genuine technology innovation, and share a vision and desire to build great companies. 


THE PROBLEM


F-Prime’s US Technology Fund, which focuses on early stage investments in FinTech and Enterprise IT such as Kensho, Recurly, peerTransfer and Cloudant, needed to stay on top of fast-moving financing and exit activities, see aggregate trends across each industry, and track the investment activity of select investment peers. With traditional data solutions, segmenting along user-driven industry taxonomies—such as FinTech—was not feasible and made the process time-consuming, ad-hoc and ultimately incomplete. In addition, the existing solutions were unable to provide quick industry-level trend data on these types of emerging industries.


WHY CB INSIGHTS?


CB Insights provides F-Prime with a modern, turnkey solution that delivers accurate and timely data on fintech transactions, companies, and investors as well as industry-level analytics. CB Insights is the only solution that provides this type of flexibility and speed of data.


RESULTS


The CB Insights platform removed the worry of missing out on a deal in FinTech or Enterprise IT, and allowed the team to focus more on identifying deal flow and performing market analysis. Productivity tools such as the Chrome Plugin have allowed the team to gather intelligence on companies, investors and deals without interrupting their workflow. The F-Prime team uses CB Insights tools daily: the Valuation/Multiple Search to pull comps, Deal Search to build custom feeds of relevant financing and exit deals, and Industry Analytics to compare industry-level funding and exit trends at a macro level. CB Insights has provided F-Prime Capital an incredibly useful set of tools that has changed, for the better, the way they do business.