Total amount raised
$106.5 Millions
Latest funding date
Location
Title
Crunchbase has successfully raised significant funding over multiple rounds, positioning itself as a key player in the private company intelligence sector. The platform leverages live company data, AI, and market activity to offer predictive insights to investors, analysts, and dealmakers.
Keep reading to explore the intricacies of Crunchbase's fundraising journey and the investors backing this innovative platform.
What Is Crunchbase?
Crunchbase, founded in July 2007 by Michael Arrington, is headquartered in San Francisco, California. The platform provides predictive private company intelligence powered by live company data, AI, and market activity from over 80 million users.
Crunchbase helps investors, analysts, and dealmakers discover and act on private market opportunities by analyzing company activity and predicting what matters most. It offers features like company discovery, impactful decision-making tools, and team efficiency tools.
With a team of 101-250 employees, Crunchbase continues to be a key player in the private company intelligence sector, offering valuable insights and data to its users.
How Much Funding Has Crunchbase Raised?
- Series A
- Amount Raised: $6.5M
- Date: September 2015
- Lead Investors: Emergence Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To spin off from TechCrunch and establish itself as an independent entity.
- Series A
- Amount Raised: $2M
- Date: November 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further support the initial growth and development post-spin-off.
- Series B
- Amount Raised: $18M
- Date: April 2017
- Lead Investors: Mayfield Fund
- Valuation at Round: $70M
- Motivation Behind the Round: To enhance data capabilities and expand market reach.
- Series C
- Amount Raised: $30M
- Date: October 2019
- Lead Investors: OMERS Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and introduce new product features.
- Series D
- Amount Raised: $50M
- Date: July 2022
- Lead Investors: Alignment Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product innovation and deepen relationships with dealmakers.
Total Amount Raised: $106.5M. Current Valuation: Not publicly disclosed.
Key Investors
- Alignment Growth
- Details: Founded in 2021, Alignment Growth partners with category-leading companies in Consumer and Business Media, Entertainment, and Technology sectors. The team has extensive experience in senior executive roles, strategy, and deal-making at global Fortune 500 companies.
- Investment Focus Areas: Consumer and Business Media, Entertainment, Technology
- Notable Investments: Crunchbase
- OMERS Ventures
- Details: OMERS Ventures is the venture capital investment arm of OMERS, one of Canada's largest pension funds. It focuses on investing in disruptive technology companies across North America and Europe.
- Investment Focus Areas: Fintech, Healthtech, Proptech
- Notable Investments: Shopify, Hopper, DuckDuckGo
- Mayfield Fund
- Details: Mayfield Fund is a global venture capital firm with a 50-year history of investing in early-stage technology companies. It has a strong track record of helping entrepreneurs build iconic companies.
- Investment Focus Areas: Enterprise Software, Consumer Internet, Health IT
- Notable Investments: Lyft, SolarCity, Marketo
- Emergence Capital
- Details: Emergence Capital is a leading venture capital firm focused on early and growth-stage enterprise cloud companies. It has a history of backing companies that transform the way people work.
- Investment Focus Areas: SaaS, Cloud Computing, Enterprise Software
- Notable Investments: Salesforce, Zoom, Veeva Systems
What's Next for Crunchbase?
Crunchbase stands at the cusp of significant opportunities, driven by its robust account-based prospecting platform. With over 75 million unique visitors annually and more than 60,000 paying customers, including half of the Fortune 500 companies, the potential for growth is immense. The company plans to leverage its recent $50 million Series D funding to accelerate product innovation, deepen relationships with key stakeholders, and enhance machine-learning-powered recommendations.
Future fundraising opportunities appear promising, given the high investor interest and Crunchbase's strong financial performance. The company’s ability to attract significant investment even in a challenging market underscores its potential for further rounds. However, Crunchbase will need to navigate challenges such as maintaining rapid product innovation, ensuring data accuracy, and competing with other prospecting platforms. As the industry trends towards data-driven prospecting and targeted engagement, Crunchbase is well-positioned to capitalize on these shifts, provided it continues to innovate and adapt.
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