Funding round
Clari Series D
Clari, which works in enterprise revenue orchestration platform development in Sunnyvale, raised $60M in a Series D round announced on 10 Oct 2019, led by Sapphire Ventures, at a $500M post-money valuation. 5 firms took part, 4 of them already investors. It is Clari's fourth venture round on record; the one before was a Series C in Mar 2018.
$60M
Amount raised
$500M
Post-money valuation
5
Investors
1 lead
6.0x
Step-up from the Series A
$84M in Apr 2014
12%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Clari at $500M after the new money, 6.0 times the $84M of its Series A (Apr 2014). The $60M bought investors about 12% of the company. It came 19 months after Clari's Series C. It is 12% of the $496M Clari has raised in the venture rounds on record. Clari raised again 17 months later: a Series E round of $150M in Mar 2021, at $1.60B 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 21 Mar 2018, led by Tenaya Capital $35M
- Series D this round 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
Sapphire Ventures led the round with 4 other firms. Sapphire Ventures, Sequoia Capital, Bain Capital Ventures and Tenaya Capital had backed Clari before.
Lead investor
- Sapphire Ventures backs 148 venture-backed companies existing investor
Also in the round
- backs 142 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies existing investor
- Bain Capital Ventures backs 220 venture-backed companies existing investor
- backs 34 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing and scaling operations.
- Product development
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
113 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $51M, and this round was 1.2 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| RigUp Tech Companies | 10 Oct 2019 | $300M | $1.90B | Andreessen Horowitz |
| Tech Companies | 13 Nov 2019 | $400M | $2.75B | Generation Investment Management and T. Rowe Price Associates, Inc. |
| Automattic Tech Companies | 19 Sep 2019 | $300M | $3.00B | Salesforce Ventures |
| Clio Tech Companies | 4 Sep 2019 | $250M | not disclosed | Technology Crossover Ventures and JMI Equity |
| Rebel Foods Tech Companies | 23 Sep 2019 | $125M | $525M | Sequoia Capital and Sequoia Capital India |
| Tech Companies | 3 Sep 2019 | $51M | not disclosed | Weatherford Capital and 8VC |
| Tech Companies | 12 Nov 2019 | $50M | not disclosed | Sequoia Capital and Clearvision Ventures |
| Tech Companies | 8 Sep 2019 | $36M | not disclosed | Valor |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Clari raise in its Series D round?
Clari raised $60M in its Series D round, announced in Oct 2019.
Who led Clari's Series D round?
Sapphire Ventures led it, with Madrona, Sequoia Capital, Bain Capital Ventures and Tenaya Capital.
What was Clari's valuation at the Series D round?
$500M post-money.
How does it compare with other Series D rounds in Tech Companies?
113 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $51M, and this round was 1.2 times the median.
Did Clari raise again after this round?
Yes: a Series E round in Mar 2021 of $150M at $1.60B post-money.