Crunchbase, a prospecting platform powered by best-in-class proprietary data, today announced it has secured $50 million in connection with its Series D funding. Alignment Growth led the oversubscribed round, with participation by existing Crunchbase investors including OMERS Ventures, Mayfield Fund, and Emergence. Alex Iosilevich, Partner at Alignment Growth, will also join the Crunchbase board of directors.
Crunchbase was originally founded in 2007 by Michael Arrington, as a place to track the startups that parent company TechCrunch featured in articles.
Crunchbase attracts more than 75 million unique visitors annually and recently surpassed 60,000 paying customers with over half of the Fortune 500 and thousands of SMBs represented.
Commenting on the funding CEO of Crunchbase Jager McConnell Said “It’s more important than ever for businesses to tap into account-based intelligence for their prospecting, whether they’re selling, investing, or fundraising. With fast-changing market conditions, prospectors can’t rely on spamming contact lists to hit quota. They need a targeted approach that starts with finding qualified accounts and ends with compelling outreach to the right decision-makers—that’s exactly what our customers do on Crunchbase,”
Crunchbase plans to use funds from the Series D to accelerate product innovation and deepen relationships with dealmakers in sales, marketing, finance, recruiting, and executive leadership roles. Upcoming product improvements will include third-party integrations that embed Crunchbase more deeply in existing prospecting workflows, enhancements to actionable machine-learning powered recommendations, new data that delivers insights only available on Crunchbase, and reporting tools to quantify customers’ ROI. Goldman Sachs & Co. LLC acted as exclusive financial adviser to Crunchbase in connection with the transaction.