Crunchbase Accelerates Product Pipeline With $18 Million Series B Funding

Crunchbase, a global business information database, announced Thursday that it secured $18 million in Series B funding and launched premium service Crunchbase Enterprise.

The funding, led by Mayfield, will contribute to the team’s product development and personnel expansion. Crunchbase will focus particularly on enhancing team diversity.

“As we grow, hiring a diverse team will bring a variety of valuable perspectives into the business, which reflects the culture of Crunchbase,” CEO Jager McConnell said in a press release. “This will remain a focus of hiring as the company doubles in size in the next year.”

Meanwhile, Crunchbase Enterprise will allow teams to prioritize sales by following investment trends and filtering the site’s five million annual buy signals. As it is, the B2B platform markets records of thousands of companies, people, investors, funding rounds and acquisitions.

Consumer Reviews

Presently, Crunchbase works with 5,000 customers that include Affinity, Deloitte, Microsoft Corporation MSFT, Nestle SA (ADR) NSRGY, Samsung SSNLF, Slack, Target Corporation TGT, Volkswagen AG (ADR) VLKAY and International Business Machines Corp. IBM Watson.

"We save an immense amount of time by using Crunchbase Enterprise to power our TechHabor solution in order to stay on top of the innovation and startup landscapes,” David Sternis of Deloitte said. “Our teams spend a fraction of the time they used to on research and market analysis and can prioritize focusing on providing strategic recommendations for our clients."

The Mayfield Touch

Crunchbase was spun off AOL in September 2015 with Series A financing from Emergence Capital, and its latest financer, Mayfield, is experienced in building similar SaaS companies, such as Marketo and Servicemax.

“Mayfield is excited to partner with Jager McConnell and the team at Crunchbase to be the place where consumers, professionals, and businesses can easily access the information on companies to sell to, market to, partner with, finance, work for, research, acquire, and do business with,” Mayfield Partner Rajeev Batra said in a press release. “The early success of Crunchbase Pro and its usability have given us a view into the ambitious vision and roadmap of increasing the breadth, depth. and accessibility of the high-quality data platform Crunchbase is creating.”

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