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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.

Go deeper

53 mins ago - World

Blinken to visit Ukraine as Russia invasion threat looms

Blinken (R) with President Zelensky. Photo: Efrem Lukatsky/Pool via Getty

Secretary of State Antony Tony Blinken will travel to Ukraine on Tuesday as the country faces an ongoing threat of Russian invasion.

Driving the news: Blinken will meet with Ukrainian President Volodymyr Zelensky and Foreign Minister Dmytro Kuleba, as well as officials at the U.S. embassy in Kyiv to discuss contingency planning. He'll then travel to Berlin to meet German Foreign Minister Annalena Baerbock and attend a meeting of the "Transatlantic Quad" — France, Germany, the U.K. and U.S.

Updated 59 mins ago - World

At least 3 dead after Tonga volcano eruption and tsunami

A satellite image of the explosive eruption of the Hunga Tonga-Hunga Ha'apai volcano on Saturday. Photo: UNICEF/NOAA

At least three people are confirmed to have died in Tonga following the undersea volcanic eruption that sent tsunami waves toward the island nation and across the Pacific over the weekend, officials said Tuesday.

The big picture: Officials reported major damage along the western coast of the main island of Tongatapu, where the capital, Nuku'alofa, was covered in ash and dust, including on the runway of the airport. Officials in Tonga confirmed three deaths in the country's first official statement since the crisis began.

Mike Allen, author of AM
2 hours ago - Economy & Business

Charted: GOP surged as Biden slumped

Expand chart
Reproduced from Gallup. (Independents were asked their party leaning.) Chart: Axios Visuals

Gallup polling found a huge shift in party preference over the course of 2021, from a 9-point Democratic advantage in the first quarter to a 5-point Republican edge in the fourth quarter.

Why it matters: It's the biggest swing in one calendar year for Gallup's 30 years of tracking.