Total amount raised
$22.4 Millions
Latest funding date
10/01/2021
Location
UserGems has successfully raised funds through multiple rounds, with the most recent being a Series A round closed on October 26, 2021. The company is backed by notable investors such as Tiger Global Management and Corp Capital.
Keep reading to explore the intricacies of UserGems' fundraising journey and the investors backing this innovative platform.
What Is UserGems?
UserGems, founded in 2019 by Christian Kletzl and Stephan Kletzl, is headquartered in San Francisco, California. The company leverages AI to enhance outbound sales and marketing efforts by identifying, prioritizing, and engaging with potential buyers using AI agents powered by buying signals and CRM data. With a team of 51-100 employees, UserGems offers solutions like Pipeline Generation, Deal Protection & Acceleration, Churn Prevention & Account Expansion, and Accurate CRM.
How Much Funding Has UserGems Raised?
- Seed Round
- Amount Raised: $2.4M
- Date: January 2021
- Lead Investors: Uncork Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and enhance their AI-powered prospecting solutions.
- Series A
- Amount Raised: $20M
- Date: October 2021
- Lead Investors: Craft Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth, focusing on hiring talent and product development.
Total amount raised: $22.4M. Current valuation: Not publicly disclosed.
Key Investors
The major investors in UserGems are:
- Craft Ventures
- Details: Craft Ventures is a venture capital firm that invests in early-stage and growth-stage companies. They focus on supporting startups with high growth potential.
- Investment Focus Areas: Early-stage companies, growth-stage companies, technology.
- Notable Investments: Reddit, SpaceX, Bird.
- Battery Ventures
- Details: Battery Ventures is a global, technology-focused investment firm that invests in companies at all stages of their growth. They have a strong track record in the tech industry.
- Investment Focus Areas: Technology, growth-stage companies, global markets.
- Notable Investments: Glassdoor, Nutanix, Coupa.
- Tiger Global
- Details: Tiger Global is an investment firm that focuses on private and public companies in the global Internet, software, consumer, and financial technology industries. They are known for their aggressive investment strategy.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Uncork Capital
- Details: Uncork Capital is a seed-stage venture capital firm that invests in early-stage technology companies. They have a history of backing successful startups.
- Investment Focus Areas: Early-stage technology companies, seed-stage startups.
- Notable Investments: Eventbrite, SendGrid, Postmates.
Note: The information requested about the fifth investor was not found in the provided sources.
What's Next for UserGems?
With a fresh infusion of $20 million from its Series A round, UserGems is poised to capitalize on significant opportunities in the B2B sales and marketing technology market. The company plans to enhance its AI-driven platform, expand its customer base, and integrate with more CRM systems. These steps are crucial as the industry increasingly relies on data-driven sales strategies and predictive analytics.
Future fundraising seems promising, given the involvement of high-profile investors like Craft Ventures and Tiger Global. As UserGems continues to grow, it may attract further investment to support its expansion and innovation efforts. However, the company will need to navigate challenges such as competition from established players like ZoomInfo and LinkedIn, and ensure data privacy and security for its customers.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like UserGems and gather other critical business insights. Sign up for free and start making data-driven decisions today.
