Funding

Crunchbase Raises $50 Million To Accelarate Product Innovation To Help Deal-Makers

The oversubscribed $50 million Series D funding round will according to crunchbase will put them on a path to profitability. Alignment Growth led the round and was joined by existing investors, Mayfield FundOMERS Ventures, and Emergence.

It has been thrilling to see Crunchbase’s vision come to life over the last 5 years. Jager and the team have successfully built a unique account-based prospecting platform on top of the best-in-class data they’re known for. We are super excited for the future of the company and the millions of users who rely on Crunchbase daily.Rajeev Batra, Partner, Mayfield Fund

The Crunchbase prospecting platform 

While people used to recognise Crunchbase for its funding data, today that data point is just one small ingredient in the sophisticated software platform they’ve built. In fact, Crunchbase now has a lineup of SaaS offerings that help B2B prospectors—in sales, recruiting, finance, business development, and more—discover new accounts, qualify accounts, track accounts, and ultimately engage with leads, all in one platform.

The Crunchbase team

The team has over 200 people and they are the driving force behind Crunchbase’s success, below is a brief summary of their history:

  • Transitioned to a remote-first approach, giving employees flexibility to work where they want
  • Expanded hiring beyond the Bay Area to 15 new regions across the U.S.
  • Created and delivered on company-wide commitments to diversity, equity and inclusion
  • Gave all nonexecutive employees a 7% raise to combat inflation, in addition to merit increases
  • Hired 70 new employees in the first half of 2022, alone, including our first ever Chief People Officer, Kelly Scheib
  • Promoted several long-time employees to the C-suite, including Robert Conrad (Chief Technology Officer), Shanee Ben-Zur (Chief Growth and Marketing Officer), Neal Patel (Chief Revenue Officer), and Marcus Lo (Chief Financial Officer)
  • Earned a spot on Inc’s Best Places to Work list, where we scored a whopping 94 out of 100 based on an independent third-party survey of our employees

What’s next for Crunchbase

In addition to expanding the team, they’ll use funds from Crunchbase’s Series D to invest in bringing solutions to more prospectors around the world and add features to the platform that will make it even easier for customers to search less and close more deals. Here are some of the new innovations: 

  • Third-party integrations: We want to make it even easier to use Crunchbase as part of your workflow, so we’ll be launching new integrations with the sales prospecting tools you use most, starting with HubSpot. 
  • Machine learning-powered recommendations: Why should you try to find a needle in a haystack when we can do it for you? We’re working on new actionable, intelligent recommendations that help prospectors focus on the right accounts, contacts, and tasks to hit their goals. 
  • Sophisticated reporting: They say, if you can’t measure it, you can’t manage it. So we’re building dashboards to help customers track efficacy of activities on Crunchbase, along with the number of opportunities and ARR available to them.

Source
CrunchBase

Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email: nichole@getfundedafrica.com

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