Funding round
Clari Series F
Clari, which works in enterprise revenue orchestration platform development in Sunnyvale, raised $225M in a Series F round announced on 19 Jan 2022, led by Blackstone, at a $2.60B post-money valuation. 11 firms took part, 9 of them already investors. It is Clari's sixth venture round on record; the one before was a Series E in Mar 2021.
$225M
Amount raised
$2.60B
Post-money valuation
$2.38B pre-money
11
Investors
1 lead
1.6x
Step-up from the Series E
$1.60B in Mar 2021
8.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Clari at $2.60B after the new money, 1.6 times the $1.60B of its Series E (Mar 2021). The $225M bought investors about 8.7% of the company. It came 10 months after Clari's Series E. It is 45% of the $496M Clari has raised in the venture rounds on record. No later venture round is on record for Clari.
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 3 Mar 2021, led by Silver Lake $150M$1.60B post-money
- Series F this round 19 Jan 2022, led by Blackstone $225M$2.60B post-money
Investors
Who put money in
Blackstone led the round with 10 other firms. Blackstone, Silver Lake, B Capital and Bain Capital Ventures and 5 more had backed Clari before.
Lead investor
- Blackstone backs 83 venture-backed companies existing investor
Also in the round
- Silver Lake backs 44 venture-backed companies existing investor
- B Capital backs 156 venture-backed companies existing investor
- Bain Capital Ventures backs 220 venture-backed companies existing investor
- Light Street Capital new investor
- Maverick Capital new investor
- backs 142 venture-backed companies existing investor
- backs 23 venture-backed companies existing investor
- Sapphire Ventures backs 148 venture-backed companies existing investor
- Sequoia Capital backs 589 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 hiring, product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
44 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $170M, and this round was 1.3 times the median. The closest in time, other companies' Series F rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Highspot Tech Companies | 13 Jan 2022 | $248M | $3.50B | B Capital and D1 Capital Partners |
| Tech Companies | 18 Jan 2022 | $175M | $3.00B | Thrive Capital and Tiger Global |
| Tech Companies | 13 Dec 2021 | $735M | $11.00B | XN |
| Cockroach Labs Tech Companies | 16 Dec 2021 | $278M | $5.00B | Greenoaks |
| Bloomreach Tech Companies | 23 Feb 2022 | $175M | $2.20B | Goldman Sachs Asset Management and Goldman Sachs |
| Tech Companies | 16 Dec 2021 | $170M | $2.20B | ICONIQ Capital |
| Tech Companies | 1 Dec 2021 | $150M | not disclosed | not named |
| Tech Companies | 14 Dec 2021 | $63M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Clari raise in its Series F round?
Clari raised $225M in its Series F round, announced in Jan 2022.
Who led Clari's Series F round?
Blackstone led it, with Silver Lake, B Capital, Bain Capital Ventures, Light Street Capital and Maverick Capital and 5 more.
What was Clari's valuation at the Series F round?
$2.60B post-money ($2.38B pre-money).
How does it compare with other Series F rounds in Tech Companies?
44 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $170M, and this round was 1.3 times the median.