Clari Preferred Shares Drop 47.5%

Clari, Inc. (FKA: Clarius Systems Inc.) is a provider of sales execution and forecasting solutions platform. Combining data science and bot-driven prescriptive insights, the Clari platform provides real-time visibility into the business forecasts and enables sales teams to navigate the critical opportunity-to-close (OTC) process. It is also a component of the Prime Unicorn Index,  the standard bearer for private markets benchmarking. Reflecting the broader private market, the Index is down 7% year-to-date. 

On August 18, 2023, Clari authorized a Series G round at a preferred price per share (PPPS) of $8.0973, down 47.5% from its previous PPPS of $15.43. This puts the company at a pre-money valuation of $1.32 billion.

Clari has previously raised $496 million over six rounds. Its most recent round was a $225 million Series F round in January 2022 at a PPPS of $15.43, valuing the company at $2.39 billion. Previous investors include Blackstone, Sequoia, Bain Capital, Silver Lake, and others. 

Clari recently acquired its competitor, Groove, on August 14, 2023. “By bringing together Clari and Groove, revenue leaders can implement their revenue collaboration and governance strategy across all internal and external workflows, giving them full visibility and control over the company’s most important business process – Revenue,” says Clari CEO Andy Byrne.

See how Clari has performed against the Prime Unicorn Index below.

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