About Sageworks
Sageworks is a company based in Raleigh (United States) founded in 1998 by Brian Hamilton and Sarah Tourville was acquired by Accel-KKR in May 2018.. Sageworks has raised $1.13 million across 2 funding rounds from investors including Boathouse Capital and Accel-KKR. The company has 209 employees as of December 31, 2018. Sageworks offers products and services including Lending Software, Financial Crime Solutions, Portfolio Risk Software, and Data Analytics Platform. Sageworks operates in a competitive market with competitors including Numerated, Migo, Ready Capital, Dealflo and LendingStandard, among others.
- Headquarter Raleigh, United States
- Employees 209 as on 31 Dec, 2018
- Founders Brian Hamilton, Sarah Tourville
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.13 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Boathouse Capital
& 1 more
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Employee Count
209
as on Dec 31, 2018
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Acquired by
Accel-KKR
(May 18, 2018)
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Products & Services of Sageworks
Sageworks offers a comprehensive portfolio of products and services, including Lending Software, Financial Crime Solutions, Portfolio Risk Software, and Data Analytics Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates lending processes to reduce costs and enhance efficiency.
Detects and prevents money laundering and fraud in financial institutions.
Optimizes performance through CECL and stress testing tools.
Provides insights for better decision-making in banking operations.
Funding Insights of Sageworks
Sageworks has successfully raised a total of $1.13M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(09 Oct 2009)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2018 | Amount | Unspecified - Sageworks | Valuation |
investors |
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| Oct, 2009 | Amount | Unspecified - Sageworks | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sageworks
Sageworks has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Boathouse Capital and Accel-KKR. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity and debt investments are focused on multiple sectors.
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Founded Year | Domain | Location | |
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Investments are focused on mid-market software and technology-enabled services firms.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sageworks
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Sageworks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sageworks Comparisons
Competitors of Sageworks
Sageworks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Numerated, Migo, Ready Capital, Dealflo and LendingStandard, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform for digitizing credit policies
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| domain | founded_year | HQ Location |
A cloud-based platform is provided for loan origination to lenders.
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| domain | founded_year | HQ Location |
Diversified lending NBFI
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| domain | founded_year | HQ Location |
Financial agreements are automated across finance sectors by Dealflo.
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| domain | founded_year | HQ Location |
Loan origination and underwriting platform for multifamily financing
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sageworks
Frequently Asked Questions about Sageworks
When was Sageworks founded?
Sageworks was founded in 1998 and raised its 1st funding round 11 years after it was founded.
Where is Sageworks located?
Sageworks is headquartered in Raleigh, United States. It is registered at Raleigh, North Carolina, United States.
Who is the current CEO of Sageworks?
Scott Ogle is the current CEO of Sageworks.
Is Sageworks a funded company?
Sageworks is a funded company, having raised a total of $1.13M across 2 funding rounds to date. The company's 1st funding round was a Unspecified of $1.13M, raised on Oct 09, 2009.
How many employees does Sageworks have?
As of Dec 31, 2018, the latest employee count at Sageworks is 209.
What does Sageworks do?
Sageworks was founded in 1998 and is headquartered in Raleigh, United States. Financial analysis tools, industry data, and risk management solutions are offered to banks and credit unions. A banking platform enables online services, while an integrated lending system automates loan origination. Credit risk management includes decisioning, analysis, and risk rating. Advisory services for portfolio management, along with training and consulting, are also provided.
Who are the top competitors of Sageworks?
Sageworks's top competitors include Numerated, Ready Capital and Migo.
What products or services does Sageworks offer?
Sageworks offers Lending Software, Financial Crime Solutions, Portfolio Risk Software, and Data Analytics Platform.
Who are Sageworks's investors?
Sageworks has 2 investors. Key investors include Boathouse Capital, and Accel-KKR.
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