Total amount raised
$34.5 Millions
Latest funding date
Location
Grata has successfully raised $31.3 million over two funding rounds, with significant contributions from investors like Accomplice and Bling Capital. The platform leverages AI and investment-grade data to revolutionize deal sourcing, research, and marketing.
Keep reading to explore the intricacies of Grata's fundraising journey and the investors backing this innovative platform.
What Is Grata?
Grata, founded in 2016 by Andrew Bocskocsky, is a business-to-business search engine designed to help private equity, sales, and marketing teams find and target private companies. Based in New York, the platform leverages AI and machine learning to provide digital intelligence products for customer diligence and competitive intelligence.
With a team of 51-100 employees, Grata offers solutions for sourcing, researching, and marketing deals. The company is trusted by over 500 firms and 3,000 dealmakers, including nine of the top ten management consulting firms.
Grata's technology powers smarter searches and automates personalized outreach, making it a leading platform for proactive dealmakers. The company continues to innovate, providing valuable tools for private equity, investment banking, corporate development, private credit, and consulting.
How Much Funding Has Grata Raised?
- Seed Round
- Amount Raised: $3.2M
- Date: October 2020
- Lead Investors: Bling Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop Grata's SaaS search engine and expand its engineering team.
- Seed Round (Expanded)
- Amount Raised: $6.3M
- Date: April 2021
- Lead Investors: Flex Capital, Touchdown Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance user search experience, integrate new qualitative data points, and further develop the Canis Major offering.
- Series A
- Amount Raised: $25M
- Date: February 2022
- Lead Investors: Craft Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and accelerate product development.
Total Amount Raised: $34.5M. Current Valuation: Not publicly disclosed.
Key Investors
- Bling Capital
- Details: Bling Capital is a venture capital firm that led Grata's initial seed round. The firm focuses on early-stage investments in technology startups.
- Investment Focus Areas: Technology, SaaS, AI
- Notable Investments: Grata, Lambda School, Mercury
- Accomplice
- Details: Accomplice is a venture capital firm that participated in Grata's seed rounds. They have a strong track record of investing in early-stage technology companies.
- Investment Focus Areas: Technology, Healthcare, Fintech
- Notable Investments: AngelList, Carbon Black, DraftKings
- Flex Capital
- Details: Flex Capital is a venture capital firm that led the expanded seed round for Grata. They specialize in growth-stage investments.
- Investment Focus Areas: Technology, SaaS, E-commerce
- Notable Investments: Grata, Pipedrive, Sendinblue
- Touchdown Ventures
- Details: Touchdown Ventures is a venture capital firm that participated in Grata's expanded seed round. They partner with leading corporations to manage their venture capital programs.
- Investment Focus Areas: Technology, Consumer Products, Healthcare
- Notable Investments: Grata, Tovala, Vengo Labs
- Alumni Ventures
- Details: Alumni Ventures is a venture capital firm that participated in Grata's initial seed round. They focus on providing smart, simple venture capital to individual investors.
- Investment Focus Areas: Technology, Healthcare, Consumer Products
- Notable Investments: Grata, Carta, Robinhood
What's Next for Grata?
Grata's future looks promising with opportunities to enhance its search engine capabilities and integrate new qualitative data points. The company aims to expand its engineering team and develop its Canis Major offering, which helps SMBs run targeted campaigns and access executive contact information. These advancements align with industry trends emphasizing the importance of proprietary deal sourcing and targeted B2B campaigns.
Given the positive market response, Grata may pursue additional funding rounds to further scale operations and enhance product offerings. However, challenges such as competition from other SaaS search engines and ensuring data quality could pose hurdles. Maintaining a seamless user experience while integrating new features will be crucial for sustained growth.
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