Clay, a gross sales automation startup, has raised a Sequence C spherical at an approximate $3 billion valuation, led by CapitalG, in accordance with three sources with data 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’s going to permit most of its staff to promote a few of their shares at a $1.5 billion valuation. That secondary deal, referred to as a young supply, was led by Sequoia, which agreed to buy as much as $20 million in worker inventory.
Whereas it could appear that staff who offered shares at a a lot smaller value than the corporate is price now obtained a nasty deal, they’ll seemingly have one other probability to promote extra inventory at the next valuation subsequent yr. Kareem Amin, Clay’s co-founder and CEO, advised TechCrunch in Might that he hopes to do tender affords on an annual foundation.
Clay was based in 2017, however it didn’t hit its stride till a couple of 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 knowledge and automate their go-to-market methods. Clay permits salespeople to search out and replace potential buyer lists and write personalised outreach emails.
At this time, Clay’s instruments are utilized by hundreds of consumers, starting from massive firms like OpenAI, HubSpot, and Canva to over 100 small consulting businesses 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.
Apart from Sequoia, current buyers in Clay embody Meritech Capital, Boldstart Ventures, Maple VC, First Spherical Capital, and Field Group.
