Lovelytics

Canaccord Genuity Advises Leading Data Engineering and Business Intelligence Consultancy Lovelytics on its Strategic Investment from Interlock Equity and Databricks Ventures

Canaccord Genuity is pleased to announce it has advised Lovelytics, a leading data engineering and business intelligence consultancy, on its strategic investment from private equity firm Interlock Equity and Databricks Ventures, the strategic investment arm of Databricks, Inc. The transaction will accelerate the growth of Lovelytics' team and expand its technical offerings related to enterprise data environment creation, AI and LLMs, business intelligence, data science, and cloud infrastructure. The investment from Databricks Ventures in Lovelytics, an official partner of Databricks since 2021, marks its first investment in a consulting implementation partner.

Founded in 2017 and headquartered in Arlington, Virgina, Lovelytics is a leading data, analytics, and AI consulting firm, providing data advisory, enterprise data environment design and implementations, data science and machine learning, generative AI, data visualization, and training services to organizations across the world. The firm delivers strategy, data engineering, and technology implementation services that enable global enterprises to optimize the management, governance, and utilization of organizational data. Through partnerships with technology solution providers Databricks, Tableau, and Alteryx, among others, Lovelytics helps businesses better manage and use structured and unstructured datasets to develop data-based intelligence.

Lovelytics will continue investing in initiatives to build its team, bolster diversity, equity, and inclusion, as well as strengthen training programs. Additionally, the firm will deepen its expertise across key sectors and broaden its client-tailored services offerings and solutions.

Interlock Equity is a private equity firm focused on partnering with leadership teams of knowledge-based businesses. Founded in 2021 and headquartered in Los Angeles, Interlock invests in North America-based companies in the lower middle market. The firm is focused exclusively on partnering with founders of people-based businesses providing mission-critical B2B and healthcare services.

Databricks Ventures invests in innovative companies that align with Databricks’ view of the future for data, analytics and AI, and that are committed to extending the lakehouse ecosystem or using the lakehouse architecture to create the next generation of data and AI-powered companies.

Canaccord Genuity, with a team led by JP Michaud, served as the exclusive financial advisor to Lovelytics.