Crunchbase an secured a $50M Series D investment in recognition of our account-based prospecting platform, business strength, and growth potential. and put ourselves on a path to profitability. Alignment Growth led the round and was joined by our existing investors, Mayfield Fund, OMERS Ventures, and Emergence.
Founded in 2007 Crunchbase is a platform for finding business information about private and public companies. It provides intelligent prospecting software powered by live company data.
Crunchbase operates on a large scale, with 75 million unique users from July 2021 to July 2022, including some 60,000 people who pay at least $29 a month for access to its data. And it’s on a path to profitability after posting a cash flow-positive first quarter, during which revenue brought in by its business-to-business segment was five times year-over-year, McConnell said.
“The ideal scenario for us as a strong company is certainly to raise at a higher valuation [than in a previous round], but something that’s realistic and something that you could then get to the next level in the next few years, and that’s what we’ve done,” McConnell says. “It was the ideal time for us to raise to get us on a path to profitability.