#TAGFLOW CRUNCHBASE SERIES#

“This is a good round but not something insane.” Strong logic I suspect could be supported by Crunchbase data. “I believe we are seeing too many high valuations with low annual revenue rates, and it’s catching up with people, and we were very focused on not hitting that valuation trap in order to be successful in the future,” he said. McConnell said Crunchbase is not disclosing its valuation with this round, but he did note that it was “well within the target range” that the startup had set, that it was an oversubscribed upround and that it was on the more practical than exuberant side. This latest round was led by Omers Ventures, the prolific investment arm of the giant Canadian pension fund of the same name (which is, incidentally, also now opening an office in Silicon Valley to get even more active with startups there).Įxisting backers Emergence, Mayfield, Cowboy Ventures and Verizon (which still owns TC) also participated. It’s also more than doubled its traffic since being spun out.

Indeed, he noted that since its last round in 2017, when it raised $18 million, Crunchbase has tripled its employees to 120 and has 10 times more annual revenue run rate. That’s “growing quickly,” he added, speaking to site’s potential.

#TAGFLOW CRUNCHBASE SERIES#

Today, one of the startups hoping to build a lucrative operation of its own around that premise is announcing a round of funding to get there.Ĭrunchbase - a directory and database of company-related information that originally got its start as a part of TechCrunch before being spun off into a separate business several years ago - has raised $30 million, a Series C that it plans to use to continue expanding its base of paid subscribers and expanding its product to include more predictive, personalised information for its users by way of more machine learning and other AI-based technology.ĬEO Jager McConnell, who has long viewed Crunchbase as the “LinkedIn for company profiles,” said that of the 55 million people who visit the site each year, the company currently has “tens of thousands” of subscribers - subscriptions are priced at $29/user/month varying by size of company contract - which works out to less than 1% of its active users. The internet and search engines like Google have made the world our oyster when it comes to sourcing information, but in the world of business, there remains a persistent need for more targeted market intelligence, a way to get reliable data quickly to get on with your work.

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