Total amount raised
$16.3 Millions
Latest funding date
10/1/2021
Location
Clarisights has successfully raised $14 million in a Series A funding round, attracting a diverse group of 29 investors. The platform offers a no-code reporting solution tailored for data-driven marketing teams.
Keep reading to explore the intricacies of Clarisights' fundraising journey and the investors backing this innovative platform.
What Is Clarisights?
Clarisights, founded on October 1, 2017, is a no-code reporting platform designed for data-driven marketing teams. The company is headquartered in Lewes, Delaware, United States.
Arun Srinivasan is the founder of Clarisights, which currently employs between 51 and 100 people. The platform allows marketers to explore and analyze their data independently, without the need for configuring data pipelines.
Clarisights integrates various data channels, enabling performance marketing teams to create and optimize dashboards and collaborate in real-time. This makes it easier for marketers to turn data into actionable insights quickly and efficiently.
How Much Funding Has Clarisights Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: September 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their no-code reporting platform.
- Seed Round
- Amount Raised: $2.3M
- Date: December 2018
- Lead Investors: Signals Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: June 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance the platform's capabilities and support growing customer demand.
- Series A
- Amount Raised: $14M
- Date: October 2021
- Lead Investors: Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel Clarisights' vision of building a no-code data workspace for business teams.
Total Amount Raised: $16.3M
Current Valuation: Not publicly disclosed
Key Investors
- Sequoia Capital India
- Details: Sequoia Capital India is a leading venture capital firm that invests in technology and innovation-driven companies. They led the $14M Series A round for Clarisights.
- Investment Focus Areas: Technology, healthcare, consumer, financial services.
- Notable Investments: Byju's, Zomato, OYO.
- OMERS Ventures
- Details: OMERS Ventures is the venture capital arm of OMERS, one of Canada's largest pension funds. They participated in the Series A round for Clarisights.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Shopify, Hopper, DuckDuckGo.
- Signals Venture Capital
- Details: Signals Venture Capital is a Berlin-based venture capital firm that focuses on early-stage technology startups. They led the Seed round for Clarisights.
- Investment Focus Areas: Technology, software, digital health.
- Notable Investments: Various early-stage tech startups.
- Cavalry Ventures
- Details: Cavalry Ventures is a European early-stage venture capital firm. They participated in the Series A round for Clarisights.
- Investment Focus Areas: Technology, software, digital health.
- Notable Investments: Forto, McMakler.
- Guillaume "G" Cabane
- Details: Guillaume "G" Cabane is a well-known angel investor and growth advisor. He is one of the angel investors in Clarisights.
- Investment Focus Areas: SaaS, marketing technology, growth hacking.
- Notable Investments: Drift, Gorgias, MadKudu.
What's Next for Clarisights?
Clarisights is poised to capitalize on the growing demand for self-service data workspaces, addressing inefficiencies in traditional BI projects. With a 4x revenue growth and a profitable status, the company is well-positioned to expand its market reach. Their innovative platform, which combines data ingestion, transformation, and visualization, has already attracted major clients like Delivery Hero and HelloFresh.
Future fundraising opportunities seem promising, given the successful $14 million Series A round led by Sequoia Capital India. However, Clarisights will need to navigate the complexities of scaling their platform and team while maintaining product quality. Competing with established BI platforms in a crowded market will also be a significant challenge.
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