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

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

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

The 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, generally known as a young supply, was led by Sequoia, which agreed to buy as much as $20 million in worker inventory.

While it might appear that workers who bought shares at a a lot smaller value than the corporate is price now bought a nasty deal, they’ll possible have one other probability to promote extra inventory at the next valuation subsequent yr. Kareem Amin, Clay’s co-founder and CEO, informed TechCrunch in May that he hopes to do tender presents on an annual foundation.

Clay was based in 2017, nevertheless 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 knowledge and automate their go-to-market methods. Clay permits salespeople to seek out and replace potential buyer lists and write customized outreach emails. 

Today, Clay’s instruments are utilized by 1000’s of consumers, starting from massive 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 firm competes with gross sales tech platforms together with ZoomInfo, Lusha, and Apollo.io, in addition to newer choices Unify and Common Room. 

Besides Sequoia, current traders in Clay embrace Meritech Capital, Boldstart Ventures, Maple VC, First Round Capital, and Box Group.