Funding round
Clari Series B
Clari, which works in enterprise revenue orchestration platform development in Sunnyvale, raised $20M in a Series B round announced on 17 Jun 2014, led by Bain Capital Ventures. 3 firms took part, 1 of them already investors. It is Clari's second venture round on record; the one before was a Series A in Apr 2014.
$20M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Clari did not disclose a valuation in this round; its last disclosed one was $84M at the Series A (Apr 2014). It came 2 months after Clari's Series A. It is 4.0% of the $496M Clari has raised in the venture rounds on record. Clari raised again 45 months later: a Series C round of $35M in Mar 2018. Its next priced round, a Series D in Oct 2019, valued it at $500M.
Clari's funding rounds
Clari has 6 venture rounds on record. This one is highlighted.
- Series A 3 Apr 2014, led by Sequoia Capital $6.0M$84M post-money
- Series B this round 17 Jun 2014, led by Bain Capital Ventures $20M
- Series C 21 Mar 2018, led by Tenaya Capital $35M
- Series D 10 Oct 2019, led by Sapphire Ventures $60M$500M post-money
- Series E 3 Mar 2021, led by Silver Lake $150M$1.60B post-money
- Series F 19 Jan 2022, led by Blackstone $225M$2.60B post-money
Investors
Who put money in
Bain Capital Ventures led the round with 2 other firms. Sequoia Capital had backed Clari before.
Lead investor
- Bain Capital Ventures backs 220 venture-backed companies new investor
Also in the round
- backs 23 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies existing investor
Joined the board: Ajay Agarwal (Bain Capital Ventures).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
182 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 1.7 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Databricks Tech Companies | 30 Jun 2014 | $33M | not disclosed | New Enterprise Associates |
| ThoughtSpot Tech Companies | 18 Jun 2014 | $30M | not disclosed | Khosla Ventures |
| Tech Companies | 18 Jun 2014 | $25M | $166M | not named |
| Tech Companies | 4 Jun 2014 | $20M | not disclosed | IDG Capital |
| Tech Companies | 5 Jun 2014 | $12M | not disclosed | Accel |
| Tech Companies | 20 Jun 2014 | $12M | not disclosed | Marker L.L.C. |
| Tech Companies | 12 Jun 2014 | $9.2M | not disclosed | Khosla Ventures and Battery Ventures |
| Tech Companies | 2 Jun 2014 | $7.3M | not disclosed | Hi Inov |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Clari raise in its Series B round?
Clari raised $20M in its Series B round, announced in Jun 2014.
Who led Clari's Series B round?
Bain Capital Ventures led it, with Northgate and Sequoia Capital.
What was Clari's valuation at the Series B round?
It was not disclosed; its last disclosed one was $84M at the Series A (Apr 2014).
How does it compare with other Series B rounds in Tech Companies?
182 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 1.7 times the median.
Did Clari raise again after this round?
Yes: a Series C round in Mar 2018 of $35M.