Clay Raises New Funding at $3 Billion Valuation, Sources Report

Clay team photo Clay team photo

Clay just raised a Series C at a $3 billion valuation. CapitalG led the round, according to three sources. Clay and CapitalG declined to comment.

This comes a month after Clay let most employees sell shares at a $1.5 billion valuation in a secondary tender offer. That deal was led by Sequoia, which bought up to $20 million in employee stock.

Employees who sold at $1.5 billion might get another chance. Clay CEO Kareem Amin said in May he aims to run tender offers yearly.

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Clay launched in 2017 but found its footing after pivoting to AI-powered sales automation. It helps sales and marketing pros uncover data and automate outreach. Users can build and update prospect lists and craft personalized emails.

Thousands of clients use Clay, including OpenAI, HubSpot, Canva, and 100+ small consulting firms.

Clay competes with ZoomInfo, Lusha, Apollo.io, Unify, and Common Room.

Investors also include Meritech Capital, Boldstart Ventures, Maple VC, First Round Capital, and Box Group.

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