Clay, a gross sales automation startup, has raised a Sequence C spherical at an approximate $3 billion valuation, led by CapitalG, in line with three sources with information of the deal.
Clay and CapitalG 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 enable most of its staff to promote a few of their shares at a $1.5 billion valuation. That secondary deal, often known as a young provide, was led by Sequoia, which agreed to buy as much as $20 million in worker inventory.
Whereas it might appear that staff who offered shares at a a lot smaller value than the corporate is value now bought a foul deal, they’ll probably have one other probability to promote extra inventory at a better valuation subsequent yr. Kareem Amin, Clay’s co-founder and CEO, informed TechCrunch in Might that he hopes to do tender provides on an annual foundation.
Clay was based in 2017, however it didn’t hit its stride till a couple 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 information and automate their go-to-market methods. Clay permits salespeople to search out and replace potential buyer lists and write customized outreach emails.
Right now, Clay’s instruments are utilized by 1000’s of consumers, starting from massive corporations like OpenAI, HubSpot, and Canva to over 100 small consulting businesses 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, and Apollo.io, in addition to newer choices Unify and Widespread Room.
In addition to Sequoia, present traders in Clay embody Meritech Capital, Boldstart Ventures, Maple VC, First Spherical Capital, and Field Group.