• Databook, a customer intelligence platform, raised USD 50 million in a Series B funding round led by Bessemer Venture Partners with participation from new investor DFJ Growth and existing investors Threshold, Microsoft’s Venture Fund M12, and Salesforce Ventures. The funding follows its USD 16 million series A funding round in April 2021 and brings the company’s total funding to USD 71 million, valuing Databook at USD 550 million. 

• The company intends to use the funds to expand the team and for market expansion across Europe and Asia-Pacific as well as to enter into new industries such as banking, telecommunications, and consumer goods.

• The company reported a 350% YoY revenue growth in 2021 while its team headcount has doubled since its last series A funding in April 2021. Databook has witnessed a 27x increase in valuation over the past two years.  

<ul><li> Analyst QuickTake: The firm’s strong revenue growth and increase in valuation reflects the accelerated growth Databook reportedly witnessed as a result of the COVID-19 pandemic, which led the company to expand its management team over the past year: Neil Smith, CTO (former software engineer, Google); Tamar Shor, SVP product (former VP product, Treasure Data, a customer data platform); and several executives from enterprise level companies including Accenture, Salesforce, and Oracle. The company intends to leverage these key hires to drive product growth and expand into new industries; it is currently focusing on firms working in the fields of enterprise software, information technology, and sales.</ul>