Coalesce closed a $50 million Series B funding round co-led by Industry Ventures and Emergency Capital to standardize data and automate data transformation processes for Snowflake's Data Cloud product.
Apr 04, 2024•over 1 year ago
Amount Raised
$50 Million
Investors
Emergency CapitalIndustry Ventures
Description
Coalesce, a San Francisco-based company, announced the closing of a $50 million Series B funding round co-led by Industry Ventures and Emergency Capital, bringing the startup’s total raised to $81 million. The funding is aimed to further develop and expand the platform's capability to standardize data and automate data transformation processes for Snowflake's Data Cloud product.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech