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PitchBook and Morningstar acquire Lumonic

PUBLIC · MORNMar 05, 2025

Acquiring Company

Morningstar

Acquired Company

Lumonic

ChicagoSeattleSan FranciscoLondonFinancial ServicesFinanceFinancial ServicesSoftwareFinanceFintechAnalyticsFinancial ServicesFintechInformation Technology

Description

Seattle-based PitchBook, along with its parent company Morningstar, has acquired the fintech startup Lumonic. The acquisition will allow Lumonic to operate as a subsidiary of PitchBook, enhancing their offerings for private credit lenders. All of Lumonic's employees will join PitchBook, which aims to maintain the brand during the transition.

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Company Information

Company

Morningstar

Location

22 West Washington Street

Chicago, Illinois, United States

About

Morningstar, Inc. is a financial services firm based in Chicago, Illinois, founded in 1984 by Joe Mansueto. The company is a leading global provider of independent investment insights, catering to a wide range of investors from beginners to experts. Morningstar operates in 32 countries and offers data and research on various investment options. The firm has five core segments: Morningstar Direct Platform, PitchBook, Morningstar Credit, Morningstar Wealth, and Morningstar Retirement. Its offerings include comprehensive investment analysis tools, data on private capital markets, credit ratings and analytics, managed investments, and retirement account services. Morningstar also provides environmental, social, and governance data through Morningstar Sustainalytics and market indexes for performance benchmarks. The company serves individual investors, financial advisors, asset managers, retirement plan providers, and global alliances, managing approximately $369 billion in assets as of September 30, 2025.

Company

PitchBook

Location

Seattle, Washington, United States

About

PitchBook is the leading resource for comprehensive data, research and insights spanning the global capital markets. Our unprecedented offerings are brought to life through the PitchBook Platform, a dynamic suite of products designed to help you win. Founded in 2007, CEO John Gabbert knew that his idea for an actionable, extensive database for private equity-focused intelligence was worth pursuing. The rest is PitchBook history. Since those early days, PitchBook has expanded its coverage areas to include the entirety of the global public and private markets. We’ve added thousands of datasets and millions of individual insights into the platform, and we’ve pioneered new features and products that surface the information our clients need. We look at every day as a new opportunity to meet and exceed our customers’ expectations through helping them make informed decisions that propel their firms forward.

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Frequently asked

Who acquired Lumonic?

Lumonic was acquired by Morningstar, based in Chicago. The deal was reported on March 5, 2025. Morningstar, Inc. is a financial services firm based in Chicago, Illinois, founded in 1984 by Joe Mansueto. Morningstar is publicly traded (MORN) and operates in Financial Services.

When did Morningstar acquire Lumonic?

Morningstar's acquisition of Lumonic was reported on March 5, 2025. Seattle-based PitchBook, along with its parent company Morningstar, has acquired the fintech startup Lumonic. The acquisition will allow Lumonic to operate as a subsidiary of PitchBook, enhancing their offerings for private credit lenders. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Lumonic do?

Lumonic is a fintech startup founded in 2023 that helps private credit lenders manage and analyze their portfolios. The company offers a tool for users to obtain visual data insights. It has 12 employees who will join PitchBook following the acquisition. It is privately held, operating in Financial Services, and is based in San Francisco.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.