Crunchbase Raises $50M in Series D Funding

Crunchbase logo

Crunchbase, a San Francisco, CA-based prospecting platform powered by proprietary data, secured $50 million in Series D funding.

Alignment Growth led the round, with participation by existing investors OMERS Ventures, Mayfield Fund, and Emergence. Alex Iosilevich, Partner at Alignment Growth, will also join the Crunchbase board of directors.

The company plans to use funds 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 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.

Led by Jager McConnell, CEO, Crunchbase provides account-based prospecting software that 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. The platform 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.

Crunchbase’s platform has evolved since its last funding round and now offers features to guide prospectors throughout their workflow. New product capabilities 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.