HIG Growth Partners (HIG), the dedicated growth capital investment affiliate of HIG Capital, has led a USD33 million round of Series D funding for Mode Analytics (Mode), a specialist in advanced analytics and business intelligence.Founded in 2013 and based in San Francisco, California, Mode serves 52 per cent of Fortune 500 companies, empowering them to make faster, more informed business decisions driven by data science. The company’s cloud-based platform combines personalised analytics, dashboards, interactive visualisation, predictive analytics, advanced analytics and prescriptive analytics in a singular, collaborative workflow. Companies using Mode can quickly connect to data, automate queries, and get results in minutes.
Mode’s Series D financing positions the company well to accelerate their customer acquisition and to establish themselves as a market leader in data analytics. With the new capital, Mode will also be able to expand their software platform and deepen their product capabilities to address the complexity of larger, enterprise customers.
In 2019, Mode added several premiere enterprise companies to its customer base, which now includes Anheuser Busch, Zillow, Lyft, Bloomberg, Capital One, VMWare, and Conde Nast, among others. In the Spring of 2020, Mode was the recipient of four G2 Awards, including Best estimated ROI, Fastest Implementation, Highest Performer, and overall Leader.
“Mode goes beyond traditional Business Intelligence by making data faster, more flexible and more customised,” says Scott Hilleboe, Managing Director, HIG Growth Partners. “The Mode data platform speeds up answers to complex business problems and makes the process more collaborative, so that everyone can build on the work of data analysts. We believe the company’s innovations in data analytics uniquely position it to take the lead in the Decision Science marketplace.”
