Media News

Tech news site Crunchbase raises $50 million

July 20, 2022

Posted by Chris Roush

Crunchbase, which has a database of startups and financial reports, along with a growing news division, has raised $50 million from investors, reports Kyle Wiggers of TechCrunch.

Wiggers writes, “The core of Crunchbase as it exists today is a research suite for sales teams. Entries show when a company was founded, its founders and executive leadership, and financing and debt rounds (and their contributors). Paid Crunchbase plans unlock data about competitors, history and more.

“Crunchbase employs a team of writers covering funding rounds and other Crunchbase-relevant content over at Crunchbase News. (This writer has been known to cite their work from time to time.) As for the primary database, it’s updated manually and automatically by way of thousands of partnerships and syndication deals with LinkedIn, Business Insider and others.

“The way McConnell sees it, Crunchbase can reduce the amount of time sales teams spend prospecting by highlighting companies with  ‘growth signals’ — for example, funding rounds or increased product adoption.”

Read more here.

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