SAN FRANCISCO--(BUSINESS WIRE)--Crunchbase, the world’s most relied upon business information platform, announced today that it has secured $18 million in Series B funding and launched Crunchbase Enterprise, a new premium offering for teams to access Crunchbase data. The Series B was led by Mayfield, and the company will use the investment to grow its team and drive product development that will expand Crunchbase’s solutions as well as the breadth and depth of its data.
“Crunchbase has become the go-to destination for accurate and up-to-date company information for businesses all over the world,” said Crunchbase CEO Jager McConnell. “As we grow, hiring a diverse team will bring a variety of valuable perspectives into the business, which reflects the culture of Crunchbase. This will remain a focus of hiring as the company doubles in size in the next year. I’m inviting engineers from all backgrounds to text me at 415.881.8828 to find out more about joining our team.”
Crunchbase Enterprise: Empowering Teams with Actionable Data
Crunchbase Enterprise, the company’s new premium product, is designed to help prioritize sales efforts and identify key buy signals in the market, enabling businesses to leverage the more than five million annual updates to Crunchbase’s dataset. Crunchbase Enterprise allows users to follow investment trends, identify growing industries, and supercharge sales and marketing efforts by discovering the companies that will be driving their business objectives and impacting their bottom line.
David Sternis of Deloitte said, "The quality and accessibility of Crunchbase data is second to none. We save an immense amount of time by using Crunchbase Enterprise to power our TechHarbor solution in order to stay on top of the innovation and startup landscapes. Our teams spend a fraction of the time they used to on research and market analysis and can prioritize focusing on providing strategic recommendations for our clients."
Crunchbase already works with more than 5,000 global customers, including Affinity, Datafox, Datanyze, Deloitte, Engagio, Everstring, Infer, Microsoft, Nestle, Samsung, Slack, Target, Volkswagen, and IBM Watson.
The Master Record
“Mayfield is excited to partner with Jager McConnell and the team at Crunchbase to be the place where consumers, professionals, and businesses can easily access the information on companies to sell to, market to, partner with, finance, work for, research, acquire, and do business with. The early success of Crunchbase Pro and its usability have given us a view into the ambitious vision and roadmap of increasing the breadth, depth, and accessibility of the high-quality data platform Crunchbase is creating,” commented Rajeev Batra, Partner at Mayfield. “Crunchbase not only has a globally dominant position and brand, it has the potential to be a true platform company in becoming the actionable master record for company data.”
Crunchbase got its start as the database of innovative companies underlying TechCrunch and spun out from Aol in September of 2015 with a Series A financing led by Emergence Capital. “We saw the potential to build a business out of the strong community and data with Crunchbase,” said Emergence Partner Santi Subotovsky. “We are looking forward to seeing the next steps of that vision come to life.”
From startups to the Fortune 500, Crunchbase is recognized as the primary source of business information by millions of global users. Crunchbase maintains the master record of innovative companies, built on a unique and scalable data gathering approach that leverages information from a strong community of contributors, a large partner network, and in-house content teams. Crunchbase provides all users with basic access to Crunchbase for free while offering a range of premium data-driven solutions, including Crunchbase Pro, Crunchbase Platform, and the company’s newest offering, Crunchbase Enterprise. To learn more, visit about.crunchbase.com and follow us on Twitter @crunchbase.
Mayfield is a global venture capital firm with over $2.7 billion under management and a people-first philosophy of investing. Mayfield invests primarily in early-stage technology companies in the enterprise and consumer sectors. Since its founding in 1969, the firm has invested in more than 530 companies resulting in 114 IPOs and more than 160 mergers or acquisitions, including category-defining SaaS/sofftware companies such as Servicemax, Marketo, Concur, TIBCO and Citrix. Some recent successes include Elastica (acquired by Symantec), Qunar (IPO), and SolarCity (acquired by Tesla).