NEWS12 September 2013

Clarabridge completes funding round

Financials North America

US — Customer experience management solutions provider Clarabridge has completed an $80m equity investment round.

The investment by General Catalyst Partners, Summit Partners, and Unica-founder Yuchun Lee, will be used to further expand Clarabridge’s global operations, power continued product innovation, grow its employee base and increase reach through marketing and strategic transactions to capitalise on escalating market demand for CEM solutions.

As part of the transaction, Lee will join as Clarabridge’s chairman of the board and Larry Bohn of General Catalyst Partners and Tom Jennings of Summit Partners will join as board directors.

Clarabridge CEO Sid Banerjee (pictured) said: “Our new investors bring decades of experience building, growing, and leading world-class companies and I look forward to working with them to scale Clarabridge to new levels of success.”