Clay, a gross sales automation startup, has raised a Sequence C spherical at an approximate $3 billion valuation, led by Capital G, in line with three sources with information of the deal.
Clay and Capital G 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 workers to promote a few of their shares at a $1.5 billion valuation. That secondary deal, often known as a young provide, was led by Sequoia, which agreed to buy as much as $20 million in worker inventory.
Whereas it might appear that workers who bought shares at a a lot smaller worth than the corporate is price now acquired a nasty deal, they’ll doubtless have one other likelihood to promote extra inventory at a better valuation subsequent 12 months. Kareem Amin, Clay’s co-founder and CEO, advised TechCrunch in Could 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 customized outreach emails.
Immediately, Clay’s instruments are utilized by 1000’s of consumers, starting from giant corporations 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, Apollo.io, in addition to newer providing Unify and Widespread Room
Moreover Sequoia, present traders in Clay embrace Meritech Capital, Boldstart Ventures, Maple VC, First Spherical Capital, and Field Group.
