Sales automation platform Clay has raised $100 million in a Series C round led by CapitalG, confirming TechCrunch’s earlier report from June. The funding values the eight-year-old company at $3.1 billion.
This latest raise comes on the heels of rapid capital activity for Clay: a $1.25 billion Series B just six months ago, and a $1.5 billion Sequoia-led tender offer announced a few months later, which allowed most employees to sell a portion of their shares.
The Series C brings Clay’s total funding to $204 million. Existing investors — including Meritech Capital, Sequoia Capital, First Round Capital, BoxGroup, and Boldstart — returned for the round, with Sapphire Ventures joining as a new backer.
Clay builds AI-powered tools to help sales and marketing teams automate outreach and workflows. Its customer roster includes OpenAI, Anthropic, Canva, Intercom, and Rippling.
Co-founder and CEO Kareem Amin told The New York Times that the company expects to close 2025 with $100 million in revenue — triple last year’s figure.
