Oct 31, 2019

Crunchbase raises $30 million in Series C funding

Dan Primack

Jager McConnell, chief executive officer of Crunchbase, — CEO of Crunchbase Jager McConnell. Photo: studioEAST/Getty Images

Crunchbase, a private company information database that spun out of TechCrunch in 2015, raised $30 million in Series C funding led by OMERS Ventures.

Why it matters: Crunchbase is one of several upstarts — PitchBook, CB Insights, etc. — that recognized how private market data providers Dow Jones and Thomson Reuters were resting on their legacy laurels.

Return investors include Emergence Capital, Mayfield, Cowboy Ventures, and Verizon Ventures.

The bottom line: "LinkedIn does have company data, but its focus has been too specific to individuals and recruitment, Crunchbase's CEO said, making it an add-on, not a focus. He's banking on a gap (+ demand) for more developed market intelligence around the businesses themselves," tweets TechCrunch's Ingrid Lunden.

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Crunchbase raises $30 million in Series C funding

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