Crunchbase, a San Francisco, CA-based provider of private-company prospecting and research solutions, secured $30M in series C funding.
The round, which brought total funding to $56.5M, was led by Omers Ventures, with participation from existing investors Emergence, Mayfield, Cowboy Ventures, and Verizon. In conjunction with the funding, Michael Yang, Managing Partner at OMERS Ventures, will join the Crunchbase Board of Directors.
The company intends to use the funds to double its headcount over the next year and will launch several product updates including a brand new look for profile pages, personalized experiences, streamlined search functionality, and an updated API. They will also make investments in data acquisition, research to uncover insights, and international expansion.
Led by CEO Jager McConnell, Crunchbase provides private-company prospecting and research solutions for over 55 million users—including salespeople, entrepreneurs, investors, and market researchers to prospect for new business opportunities. In addition, companies all over the world use its API to power their applications.