PNC Bank

Investor type Investment Bank

Overview

Unlock datapoints

Portfolio analytics

Team

Investments

News & Media

Add fund to favorites
info
Save this fund for later to form your own custom list of funds
This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 38
Average round size
info
The average size of a deal this fund participated in
$130M
Portfolio companies 36
Rounds per year 0.22
Lead investments 9
Follow on index
info
How often the fund supports its portfolio startups at next rounds
0.05
Exits 17
Key employees 1
Stages of investment
Debt

Areas of investment

  • Manufacturing
  • Software
  • Telecommunications
  • Financial Services
  • Advertising
Summary

PNC Bank appeared to be the Corporate Investor, which was created in 1852. The main office of represented Corporate Investor is situated in the Pittsburgh. The fund was located in North America if to be more exact in United States.

The usual cause for the fund is to invest in rounds with 2-3 partakers. Despite the PNC Bank, startups are often financed by iNovia Capital, RTP Ventures, Mohr Davidow Ventures. The meaningful sponsors for the fund in investment in the same round are TD Bank, Capital One, iNovia Capital. In the next rounds fund is usually obtained by Rock Maple Ventures, RedShift Ventures, Trinity Capital Investment.

Besides them, we counted 1 critical employee of this fund in our database.

When the investment is from PNC Bank the average startup value is 50-100 millions dollars. The increased amount of exits for fund were in 2019. Opposing the other organizations, this PNC Bank works on 24 percentage points more the average amount of lead investments. The usual things for fund are deals in the range of more than 100 millions dollars. Speaking about the real fund results, this Corporate Investor is 20 percentage points more often commits exit comparing to other organizations. The important activity for fund was in 2019. The fund is constantly included in less than 2 deals per year.

We can highlight the next thriving fund investment areas, such as Marketing, Manufacturing. For fund there is a match between the location of its establishment and the land of its numerous investments - United States. Besides, a startup requires to be at the age of more than 20 years to receive the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Zeta Interactive, 3D Systems, Birch Communications. The fund has no exact preference in some founders of portfolio startups.

Read more

Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of PNC Bank:
Typical Co-investors
PNC Bank is more likely to invest in rounds together with the following funds:
There are no funds here. If we find new data, we will add it here.
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after PNC Bank:

Funds with similar focus

Funds from United States
Funds with similar focus located in United States:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

TRU Colors

Food and Beverage
$3M03 Mar 2022 Wilmington, North Carolina, United States

Pyxus

Agriculture
Farming
Manufacturing
Wholesale
$100M10 Feb 2022 Morrisville, North Carolina, United States

Saviynt

Cloud Data Services
Enterprise Software
Security
$130M20 Sep 2021 California, United States

Phillips Edison & Company

Commercial
Real Estate
$980M02 Jul 2021 Cincinnati, Ohio, United States

Spirit Pharmaceuticals

Manufacturing
Pharmaceutical
Retail
27 Apr 2021 Ronkonkoma, New York, United States

Counterpointe Sustainable Real Estate

Renewable Energy
Water
$4M26 Mar 2021 Greenwich, Connecticut, United States

SparkPost

Analytics
Business Information Systems
Cloud Infrastructure
Email
Email Marketing
Messaging
Software
$180M27 Jan 2021 Columbia, Maryland, United States

Goalsetter

Debit Cards
Financial Services
FinTech
Gift Registry
Payments
$3M25 Jan 2021 New York, New York, United States

Health Diagnostics
Hospital
$20M12 Jan 2021 Kentucky, United States
News
Saviynt Raises $130M to Further Accelerate Its Growth in Enterprise Identity Security Market Following Record First Half of 2021

– Saviynt closed $130m in financing from HPS Investment Partners and PNC Bank.
– The latest funding brings Saviynt’s total capital raised to $170m.
– Saviynt will use the additional resources to meet the increasing demand for its cloud-based identity solution by significantly growing its investments in R&D and personnel.
– Saviynt’s success comes as rising cyber risks and identity-related security breaches have forced enterprises worldwide to rethink their approach to security, with identity management becoming the foundation for Zero Trust.
– Saviynt’s growing leadership position in the market is reflected by its product innovation, Global 2000 customer wins, expansion to new regions, and launching of key strategic partnerships.

Fintech Company Greenwood Raises $40M in Funding

– Greenwood, a digital banking platform for Black and Latino individuals and business owners, raised $40m in Series A funding.
– The round was led by Truist Ventures with participation from Bank of America, PNC, JPMorgan Chase, Wells Fargo, Mastercard, and Visa, FIS, Popular, TTV Capital, SoftBank Group Corp’s SB Opportunity Fund, Lightspeed Venture Partners (Scout Fund), Quality Ventures, and Alvin Kamara.
– The new investment will be used to expand the company’s business reach and build a range of financial products and services for financial empowerment.

Review

  • No reviews are submitted yet.
Do you want more?
We provide dozens of additional datapoints about this fund.
Sign up and get access to full fund profile and advanced analysis.
Full team
Industries heatmap
Stages heatmap
Georgaphy breakdown
Coinvestors
Portfolio analysis
Performance indexes
Latest highlights
Unlock all data
Do you represent PNC Bank?
Get access to manage this page
Get in touch
Found incorrect info? Let us know!

Wait!
You can raise money with us faster

Get matched with relevant funds

Find decision makers data

Connect with investors by email

Remind me later
...and save more than 200 hours*
*-Our recommendation and outreach system saves up to 200 hours of founder time on fundraising for seed and series A+ startups
We use LinkedIn only to verify your account. We don't import or message your contacts, nor post on your behalf.
By creating an account, you agree to our Terms of Service and Privacy Policy.
Crunchbase icon

Content report

The following text will be sent to our editors: