Data Desk · Summary

The data room company is buying intelligence: Datasite, Grata and Sourcescrub

In 2025 one of the best-known virtual data room providers bought two private-company data platforms. The deal says a lot about where diligence is heading.

Summarized by Rubicon Research · 3 min read

Datasite is best known for virtual data rooms, where sellers share documents with buyers. In 2025 it moved into the data that sits outside the room.

What happened

  • June 3, 2025: Datasite acquired Grata, an AI-native private market intelligence company, with a $500 million investment commitment from its controlling shareholder, CapVest Partners.1
  • August 8, 2025: Datasite acquired Sourcescrub, a deal-sourcing platform, from Francisco Partners and merged it into Grata.2
  • Datasite said Grata covers more than 19 million private companies, Sourcescrub covers 16 million companies from more than 220,000 information sources, and Datasite captures more than 55,000 projects a year.1,2

Why it matters

A data room holds what the seller chooses to share. Pairing it with data about the wider market is a bet that buyers want both views in one place. As Datasite's CEO put it, AI "relies on high quality data and content to be useful."2

Rubicon's take

The market is moving toward the external record. The question is whether it arrives as more sourcing data, or as findings a deal team can cite. Read: What the data room doesn't show.

Also see

  1. Business Wire, Datasite acquires Grata (June 3, 2025)
  2. Datasite, Datasite to acquire Sourcescrub (August 8, 2025)

Source

Business Wire and Datasite press releases (June 3 and August 8, 2025). This post summarizes the source in our own words; figures are as reported there. Read the original for full methodology.