Alteryx, a US-based data analytics provider backed by Sapphire Ventures, the VC firm spun out of software developer SAP, filed for a $75m initial public offering on Friday on the New York Stock Exchange.
The company has not yet confirmed the price range and number of shares it intends to release.
Alteryx has developed a platform that offers features such big data and predictive analytics, as well as a tool for customer relationship management service Salesforce that enables businesses to gain a deeper insight into clients.
The company previously raised $85m in a series C round in 2015 co-led by venture capital firms Iconiq Capital and Insight Venture Partners, with participation from Meritech Capital Partners.
Sapphire Ventures (then called SAP Ventures) took part in a $60m series B round in 2014, led by Insight Venture Partners and also backed by Toba Capital. Sapphire and Toba Capital supplied $12m series A round in 2013, following Sapphire’s $6m seed investment in 2011.
Sapphire currently holds a 13% stake. The largest investor is Insight Venture Partners with 27% of shares. Mass media company Thomson Reuters holds 13.1%, though details about its investment have not been disclosed. Toba Capital owns 6%, while Iconiq Capital holds 5.6%.
Goldman, Sachs and JP Morgan Securities are acting as joint book-running managers for the proposed offering. Pacific Crest Securities,, William Blair & Company, JMP Securities, Raymond James & Associates and Cowen and Company are acting as co-managers.