There are a host of unique elements that try to define human beings, but if we are being honest, nothing does the job quite like our willingness to grow on a consistent basis. You see, when someone finds a way to get better under all possible situations, they basically position themselves to hit upon some huge milestones. In fact, the same is proven by everything we have achieved so far, with one important piece of testimony coming from a creation called technology. Technology’s emergence was such a pivotal moment for the world mainly because it conceived a capability on our part that we had never even imagined before. Now, in case the mentioned dynamic wasn’t enough, the creation will also manage to realize a similar upgrade across the entire spectrum, therefore turning us into a tech-driven society. In hindsight, we can see how this pattern of progression around technology has only become more refined over time. The stated fact is already responsible for bringing in many opportunities, and going by a new funding, it should only improve further.
Popular market intelligence startup, Crunchbase has successfully closed an oversubscribed $50 million Series D round. Led by Alignment Growth, the round also saw significant participation coming from the likes of OMERS Ventures, Mayfield, and Emergence Capital. According to certain reports, Crunchbase will use the newly-raised cash to aid its product development efforts that include launching a new integration, which will help the platform in offering enhanced machine learning-powered suggestions that recommend accounts, contacts and tasks toward various prospecting goals. Apart from it, the money will also speed up the development of new and more sophisticated user dashboards. These new dashboards are expected to enable the customers in regards to tracking “efficacy of activities” on Crunchbase, covering elements such as annual recurring revenue (ARR) generated by opportunities discovered through the platform.
“It’s more important than ever for businesses to tap into account-based intelligence for their prospecting, whether they’re selling, investing, or fundraising,” said Jager McConnell, chief executive officer of Crunchbase. “With fast-changing market conditions, prospectors can’t rely on spamming contact lists to hit quota… they need a targeted approach that starts with finding qualified accounts and ends with compelling outreach to the right decision-makers — that’s exactly what our customers do on Crunchbase.”
The fact that Crunchbase’s whopper of a cash injection arrived in the midst of a market slump is testament to the company’s value in today’s market. Talk about concrete figures, Crunchbase, at the moment, receives more than 75 million unique visitors every year. Furthermore, having suppressed 60,000 paying customers, the San Francisco-based company is now a trusted partner for half of the Fortune 500 companies, and we are not even talking about all SMBs it serves on a daily basis.