Funding round
Clari Series C
Clari, which works in enterprise revenue orchestration platform development in Sunnyvale, raised $35M in a Series C round announced on 21 Mar 2018, led by Tenaya Capital. 6 firms took part. It is Clari's third venture round on record; the one before was a Series B in Jun 2014.
$35M
Amount raised
Not disclosed
Post-money valuation
6
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 45 months after Clari's Series B. It is 7.1% of the $496M Clari has raised in the venture rounds on record. Clari raised again 19 months later: a Series D round of $60M in Oct 2019, at $500M post-money.
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 17 Jun 2014, led by Bain Capital Ventures $20M
- Series C this round 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
Tenaya Capital led the round with 5 other firms.
Lead investor
- backs 34 venture-backed companies new investor
Also in the round
- backs 43 venture-backed companies new investor
- backs 27 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies new investor
- Bain Capital Ventures backs 220 venture-backed companies new investor
- backs 23 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
198 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $34M, and this round was close to the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 1 Mar 2018 | $100M | not disclosed | not named |
| Tech Companies | 8 Mar 2018 | $60M | not disclosed | Fidelity Management & Research Company and Fidelity Investments |
| Motive Tech Companies | 20 Mar 2018 | $50M | $500M | Institutional Venture Partners |
| Tech Companies | 20 Mar 2018 | $38M | not disclosed | General Catalyst and Breyer Capital |
| Tech Companies | 1 Mar 2018 | $26M | $113M | Triangle Peak Partners |
| Chargebee Tech Companies | 22 Mar 2018 | $18M | not disclosed | Insight Partners |
| Tech Companies | 19 Mar 2018 | $16M | not disclosed | 创世伙伴资本 |
| Tech Companies | 26 Mar 2018 | $7.0M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Clari raise in its Series C round?
Clari raised $35M in its Series C round, announced in Mar 2018.
Who led Clari's Series C round?
Tenaya Capital led it, with Thomvest Ventures, Blue Cloud Ventures, Sequoia Capital, Bain Capital Ventures and Northgate.
What was Clari's valuation at the Series C round?
It was not disclosed; its last disclosed one was $84M at the Series A (Apr 2014).
How does it compare with other Series C rounds in Tech Companies?
198 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $34M, and this round was close to the median.
Did Clari raise again after this round?
Yes: a Series D round in Oct 2019 of $60M at $500M post-money.