Crunchbase To Double Headcount In The Next Year With New Funding Round

By Annie Baker ● November 7, 2019
  • Crunchbase, a leading provider of private-company prospecting and research solutions, announced it raised $30 million in funding recently

Crunchbase — a leading provider of private-company prospecting and research solutions — recently announced it has raised $30 million in Series C funding led by existing investors Emergence, Mayfield, Cowboy Ventures, and Verizon. And OMERS managing partner Michael Yang is joining the Crunchbase board of directors in conjunction with this funding round. Including this funding round, Crunchbase has raised a total of $56.5 million.

“We are creating a global destination with best-in-class private company profiles, tools, and community,” said Crunchbase CEO Jager McConnell in a statement. “We will power the future of B2B deal-making, starting with a better way to prospect for private company opportunities.”

With this round of funding, Crunchbase plans to double its headcount over the next year. Crunchbase’s growing team will launch several product updates, including a brand new look for profile pages, personalized experiences, streamlined search functionality, and an updated API. Plus Crunchbase will make significant investments in data acquisition, research to uncover unique insights, and international expansion.

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“We are thrilled to partner with Jager and the talented leadership team at Crunchbase,” added Yang. “Crunchbase continues to show significant traction as the leader in research, information, and prospecting for private companies – an incredibly large and valuable market to address and service. By utilizing and collecting aggregated data, adding tools, and apps, and continuing to customize each user experience, the lead generation and deal value Crunchbase can provide is unprecedented, and we are proud to support this next phase of growth.”

In September 2015, Crunchbase entered a phase to spin out of AOL in order to become a standalone company. As a venture-backed company, Crunchbase successfully formed an independent brand with many dedicated customers, a proven product-market fit, and growing revenue.

Some of Crunchbase’s biggest milestones include 55 million annual users accessing Crunchbase data; 3.9 billion annual updates to the data set acquired from contributors and automated processes; 4,000 data partnerships and syndication deals with platforms like like LinkedIn and Amazon Alexa, and 1.6 billion annual calls to the enterprise Crunchbase API.

Crunchbase originally launched in 2007. And it started out as a quick reference tool at the bottom of TechCrunch.com.