Alignment Growth led the oversubscribed round, with participation from previous investors Mayfield Fund and Emergence. (The Logic)
Alignment Growth led the oversubscribed round, with participation from previous investors Mayfield Fund and Emergence. (The Logic)
Alignment Growth led the oversubscribed round, with participation from previous investors Mayfield Fund and Emergence. (The Logic)
Talking point: Crunchbase runs a subscription-based database of startup information and financial reports. It has over 75 million unique visitors annually and recently surpassed 60,000 paying customers, including more than half of the Fortune 500 companies, according to the company’s CEO Jager McConnell. The round belies the slowdown in venture-capital funding triggered by the broader economic rout. OMERS Ventures partner Shawn Chance recently told The Logic the firm—backed by the OMERS pension fund—doesn’t plan to pull back deal-making and sees buying opportunities as companies’ valuations dip. McConnell didn’t disclose Crunchbase’s valuation, but said it’s up from its previous US$150 million price tag.
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