How Much Did Clay Raise? Funding & Key Investors

Clay has successfully raised funding over six rounds, with the latest being a Series C round involving seven investors, including CapitalG. The platform is designed to integrate AI agents, data enrichment, and intent signals to provide actionable insights for businesses.

Keep reading to explore the intricacies of Clay's fundraising journey and the investors backing this innovative platform.

What Is Clay?

Clay is an AI-driven sales and marketing company based in New York, New York. The company specializes in providing growth and sales teams with customer data and automated workflows, operating in industries such as AI, developer tools, lead generation, productivity tools, sales automation, and software.

Founded in Brooklyn, Clay has grown to employ between 101 and 250 people. The platform is trusted by over 300,000 go-to-market teams, offering tools and services that integrate AI agents, data enrichment, and intent signals to turn insights into actionable strategies.

How Much Funding Has Clay Raised?

1. Seed Round
   • Amount Raised: USD 2,500,000
   • Date: June 2017
   • Lead Investors: First Round Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To establish the foundational product work and support initial growth and development efforts.
2. Series A
   • Amount Raised: USD 13,500,000
   • Date: January 2019
   • Lead Investors: Sequoia Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support the development of the GTM development environment and power growth for tech’s biggest names.
3. Series B
   • Amount Raised: USD 46,000,000
   • Date: June 2024
   • Lead Investors: Meritech Capital Partners
   • Valuation at Round: USD 500,000,000
   • Motivation Behind the Round: To scale the business and enhance its product offerings.
4. Series B Expansion
   • Amount Raised: USD 40,000,000
   • Date: January 2025
   • Lead Investors: Meritech Capital Partners
   • Valuation at Round: USD 1,250,000,000
   • Motivation Behind the Round: To maintain the momentum of significant revenue growth and support the integration and utilization of Avenue.
5. Secondary Market
   • Amount Raised: Not publicly disclosed
   • Date: May 2025
   • Lead Investors: Sequoia Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To provide liquidity to early investors and employees.
6. Series C
   • Amount Raised: USD 100,000,000
   • Date: June 2025
   • Lead Investors: CapitalG
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further scale operations, enhance product offerings, and expand market reach.

Total Amount Raised: USD 202,000,000. Current Valuation: USD 1,250,000,000.

Key Investors

• CapitalG
  • Details: CapitalG is the growth equity investment arm of Alphabet Inc. They focus on late-stage technology companies with high growth potential.
  • Investment Focus Areas: Technology, healthcare, consumer products.
  • Notable Investments: Airbnb, Stripe, Lyft.
• Sequoia Capital
  • Details: Sequoia Capital is a venture capital firm that has been investing in early and growth-stage companies since 1972. They have a strong track record of backing successful startups.
  • Investment Focus Areas: Technology, healthcare, consumer services.
  • Notable Investments: Apple, Google, Airbnb.
• Meritech Capital Partners
  • Details: Meritech Capital Partners is a growth-stage venture capital firm. They focus on investing in late-stage technology companies that show significant growth potential.
  • Investment Focus Areas: Technology, enterprise software, consumer internet.
  • Notable Investments: Facebook, Salesforce, Snowflake.
• First Round Capital
  • Details: First Round Capital is a seed-stage venture capital firm. They specialize in providing early-stage funding to technology startups.
  • Investment Focus Areas: Technology, consumer internet, enterprise software.
  • Notable Investments: Uber, Square, Warby Parker.
• BoxGroup
  • Details: BoxGroup is an early-stage investment firm. They focus on investing in technology startups across various sectors.
  • Investment Focus Areas: Technology, consumer products, enterprise software.
  • Notable Investments: Flatiron Health, Blue Apron, Warby Parker.

What's Next for Clay?

Clay's future looks promising as it continues to expand its platform to support more growth teams and integrate additional tech stacks and AI-powered research agents. With over 5,000 customers, including notable enterprises like OpenAI and Canva, the company is well-positioned to capitalize on the growing demand for AI-driven sales and marketing solutions.

Given its significant revenue growth and recent $40 million funding round, future fundraising opportunities are likely. Investors are expected to show continued interest, potentially leading to additional Series C or later-stage funding rounds. However, Clay will need to navigate challenges such as competition from other AI-powered solutions and maintaining the momentum of its rapid growth.

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