Clay, a gross sales automation startup, has raised a Sequence C spherical at an approximate $3 billion valuation, led by CapitalG, in response to 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’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 worth than the corporate is value now obtained a foul deal, they’ll doubtless have one other likelihood to promote extra inventory at a better valuation subsequent yr. Kareem Amin, Clay’s co-founder and CEO, informed TechCrunch in Might that he hopes to do tender presents on an annual foundation.
Clay was based in 2017, however it didn’t hit its stride till a number 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 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 hundreds of shoppers, starting from giant 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 Widespread Room.
Moreover Sequoia, current traders in Clay embrace Meritech Capital, Boldstart Ventures, Maple VC, First Spherical Capital, and Field Group.
