YCharts Raises $6M for Sales Expansion

Increased investment will enable YCharts to build out its sales and account management functions to respond to growing demand.

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The funding round was led by existing investor Morningstar, which maintains its 20 percent stake in the vendor, and also included significant investments from publisher Reed Elsevier, as well as private equity firms I2A, Amicus Capital Partners, Hyde Park Investors, and individual angel investors.

YCharts chief executive Shawn Carpenter says the vendor will use the new funds to accelerate an expansion of its sales force to target bigger, enterprise-level deals, after completing the build-out of