Total amount raised
$106.5 Million
Latest funding date
7/1/2022
Location
Crunchbase has successfully raised funding over 5 rounds, with the latest being a Series D led by Alignment Growth. The platform offers a predictive private company intelligence solution powered by live company data, AI, and market activity from over 80 million users.
Crunchbase is backed by 11 investors, including Mayfield Fund and OMERS Ventures. Keep reading to explore the intricacies of Crunchbase's fundraising journey and the investors backing this innovative platform.
What Is Crunchbase?
Crunchbase, based in San Francisco, California, is a platform that offers predictive private company intelligence solutions. It leverages live company data, AI, and market activity from over 80 million users to provide detailed information about companies, including financial details, funding rounds, and investor information.
Operating in industries such as AI, Big Data, and Marketing, Crunchbase has an employee count ranging from 101 to 250. The platform is widely used by investors, analysts, and business professionals to track market trends and company performance.
How Much Funding Has Crunchbase Raised?
- Series A (September 2015)
- Amount Raised: USD 6,500,000
- Date: September 2015
- Lead Investors: Emergence Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a solid foundation for growth and development as an independent entity after spinning off from TechCrunch.
- Series A (November 2015)
- Amount Raised: USD 2,000,000
- Date: November 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further support the initial growth phase and expand the platform's capabilities.
- Series B (April 2017)
- Amount Raised: USD 18,000,000
- Date: April 2017
- Lead Investors: Mayfield Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and enhance data capabilities to attract more users and paying customers.
- Series C (October 2019)
- Amount Raised: USD 30,000,000
- Date: October 2019
- Lead Investors: OMERS Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To introduce new features and improve account identification, pipeline generation, and prospect engagement.
- Series D (July 2022)
- Amount Raised: USD 50,000,000
- Date: July 2022
- Lead Investors: Alignment Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product innovation, deepen relationships with dealmakers, and enhance the platform with new features and integrations.
Total Amount Raised: USD 106,500,000. Current Valuation: Not publicly disclosed.
Key Investors
- Alignment Growth
- Details: Alignment Growth led the Series D funding round for Crunchbase. Alex Iosilevich, a partner at Alignment Growth, joined the Crunchbase board of directors.
- Investment Focus Areas: Consumer and Business Media, Entertainment, Technology industry sectors.
- Notable Investments: Specific notable investments are not mentioned.
- OMERS Ventures
- Details: OMERS Ventures is the venture capital investment arm of OMERS, one of Canada's largest pension funds. They participated in multiple funding rounds for Crunchbase.
- Investment Focus Areas: Technology, Healthcare, Financial Services.
- Notable Investments: Shopify, Hootsuite, Wattpad.
- Mayfield Fund
- Details: Mayfield Fund is a venture capital firm with a focus on early-stage investments in technology companies. They have been involved in several funding rounds for Crunchbase.
- Investment Focus Areas: Enterprise Software, Consumer Internet, Mobile Technologies.
- Notable Investments: Lyft, SolarCity, Marketo.
- Emergence Capital
- Details: Emergence Capital is a venture capital firm that invests in early and growth-stage enterprise software companies. They were a key investor in Crunchbase's Series A funding round.
- Investment Focus Areas: Enterprise Software, SaaS, Cloud Computing.
- Notable Investments: Salesforce, Zoom, Veeva Systems.
What's Next for Crunchbase?
Crunchbase stands at the cusp of significant growth opportunities, driven by its recent $50 million Series D funding. The company plans to accelerate product innovation, enhancing its account-based prospecting platform to attract more users and deepen relationships with key stakeholders in sales, marketing, finance, and recruiting. With over 75 million unique visitors annually and more than 60,000 paying customers, including half of the Fortune 500 companies, the potential for expansion is immense.
Future fundraising opportunities appear promising as Crunchbase continues to innovate and expand its market reach. The successful Series D round, led by Alignment Growth, indicates strong investor confidence, which could facilitate additional funding rounds. The company’s growth trajectory and product enhancements may also attract strategic acquisitions to bolster its capabilities.
However, Crunchbase faces challenges such as maintaining data accuracy, staying ahead of competitors, and ensuring seamless integration of new features. The rapidly evolving market demands continuous innovation and capital efficiency to sustain its growth momentum. Despite these hurdles, Crunchbase's focus on product development and market expansion positions it well for future success.
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