PR97090

SAN FRANCISCO, July 20, 2022 /PRNewswire=KYODO JBN/ --

-- Accelerating product-led growth, capital efficiency, and brand strength put

the company on a path to profitability

Crunchbase (

https://c212.net/c/link/?t=0&l=en&o=3597273-1&h=1138450934&u=https%3A%2F%2Fwww.crunchbase.com%2F&a=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.

Logo - https://mma.prnewswire.com/media/1861531/crunchbase_logo.jpg

Crunchbase's account-based prospecting software enables prospectors—in sales,

recruiting, business development, and finance—to find and engage with qualified

accounts, while simultaneously creating awareness for companies that want to be

discovered. 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.

"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," said Jager

McConnell, CEO of Crunchbase.

The company accelerated its highly capital efficient product-led growth last

year with the launch of a suite of all-new SaaS products. These drove a 5x

year-over-year increase in new recurring revenue in Q1 2022, and total software

ARR is on track to double by end of year. With this upward growth trend,

efficient cash management and Series D funding, the company is on a path to

profitability.

Crunchbase's platform has evolved significantly since its last funding round.

The company's software now offers features to guide prospectors throughout

their workflow. Customers are reporting improvements in account identification,

pipeline generation, email open rates and meeting booking volume. New product

capabilities that power these results include:

   - Account discovery: Find companies that meet your ideal customer profile

     with territory filters, AI-powered recommendations, similar company

     suggestions, CRM data in search, and 6 billion new data edits in the last

     year.

   - Account qualification: Focus on growing companies that have buying power

     using new growth and contraction signals, layoffs and hiring filters,

     Chrome extension, and Salesforce integration.

   - Account tracking: Stay up-to-date on changes at priority accounts with

     email alerts, saved searches and lists, as well as searchable user

     generated notes and tags.

   - Prospect engagement: Connect with the right leads at the right time

     directly on Crunchbase with newly added contact data, contact search,

     Outreach integration, Gmail integration, and auto-generated email

     templates.

"The Crunchbase SaaS platform combines rich and proprietary company data with

direct access to decision-makers within a single intuitive interface—at

compelling price points—making it a powerful tool for driving ROI across a

variety of use cases, from sales to recruiting and more. We expect that

Crunchbase will continue to gain accelerated industry adoption and are excited

to support the company's growth momentum alongside strong participation from

the existing investor group," said Alex Iosilevich, Partner at Alignment Growth.

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.

Crunchbase is actively hiring. Candidates can view the latest job openings at

https://about.crunchbase.com/about-us/careers/.

About Crunchbase

Crunchbase is a prospecting platform powered by best-in-class proprietary data.

It helps over 75 million dealmakers discover, qualify, track, and engage with

the right opportunities so they can search less and close more. To learn more,

visit about.crunchbase.com and follow Crunchbase on Twitter @crunchbase.

About Alignment Growth

Founded in 2021, Alignment Growth partners with category-leading companies in

Consumer and Business Media, Entertainment, and Technology industry sectors.

With its team's multi-decade track record of senior executive operating,

strategy, and deal making experience at global Fortune 500 companies, Alignment

Growth provides value-added capital solutions to help its portfolio companies

achieve their growth ambitions. Additional details are available at

www.alignmentgrowth.com .

Media Contact:

Matt Schulman

mschulman@crunchbase.com

Source - Crunchbase