Clay secures a brand new spherical at a $3B valuation, sources say


Clay, a gross sales automation startup, has raised a Collection C spherical at an approximate $3 billion valuation, led by CapitalG, based on three sources with information of the deal.

Clay and CapitalG didn’t reply to a request for remark. 

The brand new spherical comes only a month after the New York startup introduced that it’ll permit most of its staff to promote a few of their shares at a $1.5 billion valuation. That secondary deal, generally known as a young provide, was led by Sequoia, which agreed to buy as much as $20 million in worker inventory.

Whereas it could appear that staff who bought shares at a a lot smaller value than the corporate is value now received a nasty deal, they’ll seemingly have one other likelihood to promote extra inventory at the next valuation subsequent 12 months. Kareem Amin, Clay’s co-founder and CEO, instructed TechCrunch in Might that he hopes to do tender affords on an annual foundation.

Clay was based in 2017, nevertheless it didn’t hit its stride till just a few years in the past, when Amin determined to pivot the startup’s focus to empowering salespeople and entrepreneurs with AI, serving to them uncover key information and automate their go-to-market methods. Clay permits salespeople to search out and replace potential buyer lists and write personalised outreach emails. 

At present, Clay’s instruments are utilized by 1000’s of consumers, starting from massive firms like OpenAI, HubSpot, and Canva to over 100 small consulting companies that assist different companies make the most of Clay for his or her go-to-market efforts.

The corporate competes with gross sales tech platforms together with ZoomInfo, Lusha, and Apollo.io, in addition to newer choices Unify and Frequent Room. 

Moreover Sequoia, present traders in Clay embrace Meritech Capital, Boldstart Ventures, Maple VC, First Spherical Capital, and Field Group.



Source link

Related articles

Tesla: The Large Stunning Invoice Is not Bullish For The Inventory (NASDAQ:TSLA)

This text was written byComply withI'm centered on progress and dividend revenue. My private technique revolves round setting myself up for a simple retirement by making a portfolio which focuses on compounding dividend...

Two Sentenced to 12 Years for $2.1 Million Cryptocurrency Fraud in UK

Two people from the UK, Raymondip Bedi and Patrick Mavanga, have been sentenced to a mixed whole of 12 years in jail for his or her involvement in a $2.1 million cryptocurrency fraud,...

PrimeXBT Cuts Gold Spreads, Boosts Leverage Throughout Buying and selling Platforms

Government Interview with David Aldridge from AladdinTech | iFX EXPO Worldwide 2025 Government Interview with David Aldridge from AladdinTech...

Hangzhou, house to DeepSeek and Alibaba, has grow to be a hub for Chinese language AI startups, with the suburb Liangzhu rising as a...

Featured Podcasts Lenny's Podcast: Solo founder, $80M exit, 6 months: The Base44 bootstrapped startup success story | Maor Shlomo Interviews with world-class product leaders and progress consultants to uncover actionable recommendation that will help you construct,...

Jack Dorsey Unveils Decentralized Bluetooth Mesh Community Bitchat

Block CEO and Twitter co-founder Jack Dorsey has launched the beta model of a brand new decentralized peer-to-peer messaging service that runs completely over Bluetooth. Jack Dorsey mentioned his weekend was spent studying about...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com