Funding round
Clari Series E
Clari, which works in enterprise revenue orchestration platform development in Sunnyvale, raised $150M in a Series E round announced on 3 Mar 2021, led by Silver Lake, at a $1.60B post-money valuation. 8 firms took part. It is Clari's fifth venture round on record; the one before was a Series D in Oct 2019.
$150M
Amount raised
$1.60B
Post-money valuation
8
Investors
1 lead
3.2x
Step-up from the Series D
$500M in Oct 2019
9.4%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Clari at $1.60B after the new money, 3.2 times the $500M of its Series D (Oct 2019). The $150M bought investors about 9.4% of the company. It came 17 months after Clari's Series D. It is 30% of the $496M Clari has raised in the venture rounds on record. Clari raised again 10 months later: a Series F round of $225M in Jan 2022, at $2.60B 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 10 Oct 2019, led by Sapphire Ventures $60M$500M post-money
- Series E this round 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
Silver Lake led the round with 7 other firms.
Lead investor
- Silver Lake backs 44 venture-backed companies new investor
Also in the round
- B Capital backs 156 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies new investor
- Bain Capital Ventures backs 220 venture-backed companies new investor
- Sapphire Ventures backs 148 venture-backed companies new investor
- backs 142 venture-backed companies new investor
- backs 43 venture-backed companies new investor
- backs 34 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion and scaling operations.
- Product development
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
120 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $130M, and this round was 1.2 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Attentive Tech Companies | 9 Mar 2021 | $470M | $7.00B | not named |
| Tech Companies | 16 Mar 2021 | $300M | $1.00B | SoftBank Vision Fund and Tencent Investment |
| Snyk Tech Companies | 10 Mar 2021 | $300M | $4.70B | Accel and Tiger Global |
| Tech Companies | 15 Mar 2021 | $270M | $5.77B | Greenoaks |
| Tech Companies | 22 Mar 2021 | $220M | $3.30B | Tiger Global |
| Tech Companies | 18 Mar 2021 | $180M | $1.00B | Silver Lake Waterman and T. Rowe Price Associates, Inc. |
| Tech Companies | 22 Mar 2021 | $153M | $1.00B | OMERS Private Equity and Kaiser Permanente Group Trust |
| Tech Companies | 23 Mar 2021 | $60M | $1.00B | Tiger Global |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Clari raise in its Series E round?
Clari raised $150M in its Series E round, announced in Mar 2021.
Who led Clari's Series E round?
Silver Lake led it, with B Capital, Sequoia Capital, Bain Capital Ventures, Sapphire Ventures and Madrona and 2 more.
What was Clari's valuation at the Series E round?
$1.60B post-money.
How does it compare with other Series E rounds in Tech Companies?
120 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $130M, and this round was 1.2 times the median.
Did Clari raise again after this round?
Yes: a Series F round in Jan 2022 of $225M at $2.60B post-money.