Clay, a gross sales automation startup, has raised a Collection C spherical at an approximate $3 billion valuation, led by Capital G, in keeping with three sources with data of the deal.
Clay and Capital G didn’t reply to a request for remark.
The brand new spherical comes only a month after the New York startup introduced that it’s going to enable most of its staff to promote a few of their shares at a $1.5 billion valuation. That secondary deal, generally known as a young supply, was led by Sequoia, which agreed to buy as much as $20 million in worker inventory.
Whereas it could appear that staff who bought shares at a a lot smaller value than the corporate is value now acquired a foul deal, they’ll doubtless have one other probability to promote extra inventory at the next valuation subsequent 12 months. Kareem Amin, Clay’s co-founder and CEO, informed TechCrunch in Might that he hopes to do tender provides on an annual foundation.
Clay was based in 2017, but it surely didn’t hit its stride till a number of years in the past, when Amin determined to pivot the startup’s focus to empowering salespeople and entrepreneurs with AI, serving to them uncover key knowledge and automate their go-to-market methods. Clay permits salespeople to search out and replace potential buyer lists and write customized outreach emails.
Right now, Clay’s instruments are utilized by 1000’s of consumers, starting from giant corporations like OpenAI, HubSpot, and Canva to over 100 small consulting companies that assist different companies make the most of Clay for his or her go-to-market efforts.
The corporate competes with gross sales tech platforms together with ZoomInfo, Lusha, Apollo.io, in addition to newer providing Unify and Frequent Room
Moreover Sequoia, current buyers in Clay embody Meritech Capital, Boldstart Ventures, Maple VC, First Spherical Capital, and Field Group.
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