Premise, a startup that gathers global economic data, raised $50 million in a funding round led by Valor Equity Partners.
The San Francisco-based company, whose board includes former U.S. Treasury Secretary Lawrence Summers, works with organizations such as the Bill & Melinda Gates Foundation, the World Bank and Standard Chartered Bank to gather economic information in the developing world. The company expects to end 2015 with annual recurring revenue of more than $10 million.
