Ancestry is a leading web-based platform that allows users to create and preserve their family history through a comprehensive and accessible platform. The company boasts a vast database of over 7 billion records from the US, Canada, and Europe, including Federal Census records dating back to 1790. While some records are accessible for free, there is also the option for paid subscriptions. As of June 2011, Ancestry had nearly 1.7 million paying subscribers and 26 million family trees.
Founded as a publishing company in 1983, Ancestry.com has been a pioneer in the family history market for over 20 years, revolutionizing online family history research. Their service revolves around a unique and extensive collection of billions of digitized and indexed historical records available online since 1996. The company's revenues exhibited significant growth from $140.3 million in 2005 to $300.9 million in 2010, indicating a compound annual growth rate of 16.5%.
Post-IPO Equity investment at 01 April 2016 was received from notable investors including GIC, Spectrum Equity, and Silver Lake. Ancestry.com's dedication to preserving and sharing family histories coupled with its impressive financial performance, underlines its noteworthy position in the E-Commerce and Internet industries, making it an appealing prospect for potential Venture capital investments.
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