Partnering with another company can be a highly beneficial undertaking and having the right partner with the knowledge and resources to complement each other can significantly boost the competitiveness of both companies. Likewise, having a horrible partner can result in a messy fallout that affects both companies where recovery is difficult. Finding the right business partner, however, is a difficult task. Plenty of factors go into consideration and even after all that, a partnership may not work out at all. While it sounds discouraging, it shouldn’t be a reason to not pursue one. Doing due diligence before reaching out to potential partners is one way to greatly reduce risk.
Fortunately, there are plenty of tools available to help with researching potential partner companies and much more. These tools reduce the amount of effort spent on some of the more demanding and time-consuming aspects of research and can introduce the user to new opportunities to take advantage of. Some for the notable platforms for finding company information are compiled below
Crunchbase is one of the more popular search platforms for finding company information. Originally founded by Techcrunch to track startups before becoming its own private entity, it now provides information on both private and public companies around the world. While Crunchbase continues to use data provided by contributors for its vast portfolio of companies, it also formed partnerships with investment firms around the globe to share their portfolio of companies. This along with both AI and manual checking systems put in place by Crunchbase ensures that the data collected is legitimate and accurate. Company profile pages generated by Crunchbase contain enough valuable information to obtain a solid basic understanding of the company. Links to news stories and events related to the company allows the reader to keep up with the latest happenings. Crunchbase is a great platform for anyone new to partnerships and is actively seeking established companies to partner with or people looking to invest in up-and-coming companies. However, the limitations imposed on a free account may severely restrict a search and a paid plan is recommended for those who are serious. The Pro version has an additional feature that allows users to create and monitor their own custom lists to receive notifications and updates.
Owler is a business insights platform that is most suitable for those looking to identify competitors and make comparisons between different companies. The platform was founded by Jim Fowler who saw a need for the development of software to locate, compare and keep track of the many different companies in the market. The platform relies on crowdsourced data to obtain information on the millions of companies in its system. Besides providing key details on a company, Owler also showcases their top competitors and similar companies in the Competitive Analysis section of the profile along with news related to the profiled company and its competitors. Owler’s free subscription allows its users to have unlimited profile views and to track up to 15 companies – good enough to get started. Owler also provides automated notifications to its users on the latest and most important news, events and changes that affect their company of interest. The platform would probably work best as a tool to gain an understanding of the different competitive landscapes for both the user and partner companies and to identify any other alternative partner companies.
An online competitive insights platform that provides detailed information of companies across various industries. Founded by Ilya Levtov, the platform was built on his vision to make business information free for everyone and to promote business transparency. Craft hopes to differentiate itself from similar platforms by consolidating the information it receives about a company into one location and obtains financial, operating and human capital data from thousands of sources to provide a comprehensive profile. The fact that all this is free makes it an attractive platform for cost-conscious entities who want an introductory picture of the companies they intend to partner with.
A business intelligence platform that mines and filters data from a variety of sources including venture capital financings, M&A transactions, social media, company websites etc through the use of machine learning, algorithms and data visualization. The data collected provides a comprehensive breakdown of various private companies and startups in numerous industries for CBInsight users to spot current and emerging trends. This allows its users to seek out and follow companies that have the potential to either be a future partner, rival or investment opportunity. An important feature that CBInsights has is its Mosaic Score that it assigns to certain companies that meet the criteria. Using specialized algorithms, Mosaic measures the overall health and growth potential of private companies using non-traditional signals which narrows down the list of companies that have the greatest chance of success in the future.
Pitchbook is a software company founded to track and collect comprehensive data on public and private companies. Data collected may include general information on the company along with investors, deals, financials, key individuals, M&A and several other inputs. The platform uses over 650,000 web crawlers to prowl the internet and gather relevant information from a variety of sources before being checked by quality assurance teams. The platform is best suited for those who are looking to identify new industry trends and emerging companies by tracking the investment behavior of venture capital and private equity firms. In doing so, the user can identify which companies are receiving funding and get in touch with them at the right time.
A comprehensive venture capital and startup database with the latest information on North American technology startup companies, venture capital firms, executives and company transactions. The data is updated daily and users of the platform can search through thousands of companies, venture investors and transactions across various industries. Companies that are of interest can be tracked throughout their investment cycles which provides a good opportunity to find emerging startups whose business is relevant to them and form relationships at an early stage.
Another platform that can be used to search for and discover key information on companies including key personnel and growth signals. Mattermark uses a combination of machine learning, web crawlers, primary sources, and natural language processing to extract data from millions of news articles and websites daily before being verified. The data presented makes it easy for its clients to track the growth of the companies they are interested in and identify key individuals to reach out to.
Explorebit’s objective is to bring together industry professionals, tech companies, startups, and investors together in a unique ecosystem by designing a platform to address shortcomings in information search and networking in the technology industry. Through combining research methodology, machine learning and user input, users are given a comprehensive and reliable look at the companies in the market and the trends shaping the industry. Companies and investors in the platform are also able to form networks with each other for future business opportunities.
Linkedin has been around since 2003 and is undoubtedly the most well-known professional networking sites around. The platform is frequently used by many professionals to connect with each other and this alone makes it an important tool when seeking strategic partnerships. While LinkedIn can be used to search for companies, it is created for individuals and therefore lacks certain features present in other platforms for a more complete corporate profile. It is best used to connect with and open a dialog partnership specialists and key individuals in targeted companies.
Each platform has its own strengths and weaknesses and likely cater to very different types of people. Taking the time to properly explore different platforms and combining the information to create a holistic picture can be beneficial in the long run. The use of search platforms is also one part of the partnership process. While it does point the user to the right direction, it does not guarantee that a partnership will be established. How the companies go about building that relationship it is an entirely different matter.