Clay, a gross sales automation startup, has raised a Collection C spherical at an approximate $3 billion valuation, led by Capital G, based on 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 called 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 offered shares at a a lot smaller worth than the corporate is price now bought a nasty deal, they’ll probably have one other likelihood to promote extra inventory at a better valuation subsequent yr. Kareem Amin, Clay’s co-founder and CEO, advised Trendster in Could that he hopes to do tender presents on an annual foundation.
Clay was based in 2017, but it surely 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.
In the present day, Clay’s instruments are utilized by hundreds 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 Frequent Room
In addition to Sequoia, present traders in Clay embody Meritech Capital, Boldstart Ventures, Maple VC, First Spherical Capital, and Field Group.
