Meritech has operated since 1999 on a few simple beliefs: our companies should be center stage, enduring brands are the endgame, and the best tech companies don't just win – they win big. We exist to help teams build market-leading companies in the technology markets that matter. We know this is ambitious and difficult, which informs our role of providing assistance without ego or ulterior agendas. Our product and strategy are purpose-built. This enables focus, and focus is our advantage. We are not a venture supermarket. We do one thing, period: invest in the best late-stage tech companies in the universe. We’re comfortable not being part of every great company, knowing that it enables us to do whatever is needed to help make every one of our companies great. Like you, we’re a group of builders and owners. Our small team of equal partners are on the frontlines throughout every step of the journey. We’re not just another fringe investor – we integrate as team members, contributing however we can to the shared mission. Everything we do, we do ourselves. We believe this increases the probability of a company’s success, and also results in deeper trust and more meaningful connections. Every investment we make begins with us believing, “this could become the next Salesforce, Facebook, Coupa, NetSuite, Tableau, Datadog, Roblox, Snowflake or UiPath.” If you share our motivation to transform a market, we’d love to find a way to do it together.
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Welcome to the Meritech family, n8n!
Excited to announce Meritech's investment in n8n. While the rest of the automation market focused on no-code, n8n embraced developers and unlimited flexibility. They've grown into the leading AI orchestration platform, with over 700K active developers and thousands of the largest enterprises. Anthony, Cathy and I are pumped to back Jan Oberhauser and the rest of the amazing team at n8n. https://lnkd.in/gT5EaQjG
Excited to partner with David AI, the first audio data research lab, to support their mission of taking AI voice capabilities to new heights! NVIDIA First Round Capital Alt Capital BoxGroup https://lnkd.in/gQawAbmB
Meritech Capital reposted this
Incredible to watch Clay continue to execute at the highest level and build the AI revenue engine of the future! Congrats on the Series C milestone! Kareem Amin Varun Anand CapitalG Jane Alexander Sapphire Ventures Rajeev Dham
Today we’re announcing Clay’s $100M Series C at a $3.1B valuation led by Alphabet’s CapitalG. When Clay started, our goal was to deliver the power of programming to an order of magnitude more people. It took years of experimenting to reformulate our mission to building a creative tool that lets GTM teams implement any idea they have for growing their company — effectively letting them program, and creating a new role, GTM Engineers. That initial vision is why we think of Clay as the Integrated Development Environment (IDE) for GTM. Like designers have Figma, or devs have Cursor, or musicians have Ableton. More than anything, it’s been a pleasure to witness how the Clay community has formed, enabling so many people around the world to implement their ideas, create a ton of value, and (most importantly) have fun doing it. There are now: ▪️ 108+ agencies worldwide, many run by early-career folks who quickly built businesses with multimillion dollar run-rates ▪️ 400+ GTM Engineer jobs posted in the last 4.5 months alone ▪️ 60 Clay Clubs across 29 countries helping people learn this new profession ▪️ $50M+ generated for our 150+ data partners this year Huge thanks to Jane Alexander and the team at CapitalG for leading this round, with participation from Meritech Capital, Sequoia Capital, First Round Capital, BoxGroup, boldstart ventures, and Sapphire Ventures. This funding will helps us more deeply invest in our product and community, to whom we owe our deepest gratitude. Thank you to our partners, our team, and our customers. We’re building a generational company that is transforming how businesses find and sell to each other. Join us — we’re hiring! → Check out The New York Times story by Michael de la Merced and our blog post in comments.
All the graphs and charts you need to be ready for Chime's IPO!
Chime filed their S-1/A yesterday and is slated to go public imminently. This is the most anticipated fintech IPO since the 2021 ZIRP era. See Meritech Capital's S-1 Breakdown here highlighting the strength of Chime’s product offerings, engaged user base, market opportunity and key user and financial metrics. Huge congratulations to Chime team members I have been lucky enough to connect with over the years -- Chris Britt, Vineet Mehra, Dennis Yang and the entire Chime team. Thank you for the help Austin Wang
Meritech Capital reposted this
Exciting news! 🤗 I’m feeling blessed to share: Owner raised $120M Series C and is now at a $1B valuation 🦄 Details here ⬇️ I started Owner at 17 years old, after dropping out of high school halfway through 10th grade. I didn’t think I’d be able to raise money as a high school dropout that knew nobody in tech. The first version of Owner wasn’t built for venture capital. It was built for my mom. She’s a small business owner who needed a shot at success in the digital world. V1 of the product transformed her life. Then, I saw that there are millions of other mom-and-pop business owners, much like her. A large number of them are in the restaurant business. All of them are being crushed by huge corporations that are using tech against them. We’re using this cash to arm them to fight back. ✋ So, what is Owner? You can think of it as Shopify for restaurant owners, and, eventually, all local business owners. Owner gives them everything they need to succeed in the online future against big corporations. ▶️ I recommend watching the video attached for more details on our product and company. 💰 Round details: This round was co-led by 2 perfect partners for us: Alex Kurland from Meritech, who led DoorDash’s Series B, and Shalini Rao from Headline, who led Toast’s Series C. They were also joined by an inspiring group of new investors: Fidji Simo (CEO Instacart), Jonathan Neman (CEO Sweetgreen), Matt Maloney (Founder & CEO GrubHub). & still more inspiring new investors... Dharmesh Shah (Founder CTO HubSpot), Josh Reeves (CEO Gusto), Shaan Puri, Sahil Bloom, Matteo (CEO Eight Sleep), Christina Cacioppo (CEO Vanta), Brett Schulman (CEO Cava). … just to name a few 🤗 ❤️ Shoutout to the great team at Owner.com – You deserve the credit for getting us here. I thank God every morning that I get to build Owner with each of you. We wouldn’t be here without you. It is a highlight of my life to build with you. 🤗 And shoutout to the best cofounder and CTO I could ever ask for Dean Bloembergen. His work ethic and genius are as impressive as his character. I view partnering with Dean as one of the best decisions I’ve ever made. 🙌 I’m proud of Owner today. But I also feel scared that people will see our unicorn valuation and think “we’ve made it.” So let me be brutally clear. We HAVE NOT made it. And if we start to believe we have, we never will. When investors value us at $1B, it’s because they see potential. Our investors see the POTENTIAL for us to build a company worth tens of billions. We have to prove them right. And we must also prove right the thousands of restaurant owners who’ve bet their futures on us. ✊ We’re still underdogs. We still have a long way to go. We didn’t come this far just to come this far. It’s time to move faster, build better, and fight harder. Thousands of small business owners are counting on us! ▶️ If you want to keep learning about Owner, I recommend watching the video on this post.
We’re excited to support Owner.com on their mission to empower local businesses to take on their goliaths – with an all-in-one, AI-powered system to help drive profitable growth automatically. Congrats on your $120m Series C! Adam Guild Dean Bloembergen Rob Lehman Alex Bard Jack Altman Jason M. Lemkin Shalini Rao https://www.owner.com/c
Thrilled to announce our partnership with Pennylane! More in Alex Kurland's post below about why we’re so excited for the future of accounting and financial management alongside Arthur Waller Felix Blossier and the amazing team that is building this company!
In just 5 years, Pennylane has built the dominant financial & accounting management software platform (core GL) in France. They are in a unique position to enable the accounting firms they serve, and in turn their end clients, to thrive in an AI-first world and modernize operations in the face of the vast eInvoicing reforms impacting so many European countries. We first met Arthur Waller Felix Blossier 3 years ago. They were building Pennylane within an accounting firm they were also operating – to create the product from the shoes of their (future) customers, and iterate directly with the end companies they were serving. It was complex operationally and certainly a non-traditional approach to building software. Credit to David Sainteff Luciana Lixandru for seeing the promise so early. Fast forward to today. They have built a fully capable, extremely modern GL – in record time. But it is so much more. Their fully-integrated platform also includes bank accounts, treasury management, corporate cards and spend management. And a lot more is coming soon! Meritech Capital is thrilled for the partnership and we know Pennylane is just getting started. More in their press release here: https://lnkd.in/gvF37dAB
We are thrilled to announce a new addition to the Meritech partnership, Arsham Memarzadeh, who joins us as a General Partner. Welcome Arsham! https://lnkd.in/gc728ukN
Meritech Capital reposted this
Congrats to Clay on this very well deserved milestone! They are creating a movement and giving GTM teams superpowers. Here is our blog post outlining why we have invested twice in less than a year! Kareem Amin Varun Anand https://lnkd.in/gnkWZABi
We are excited to double down in Clay and continue to support their vision of turning any growth idea into reality! Congrats to Kareem Amin Varun Anand on the well deserved milestone. Great writeup by Alex Konrad capturing the Clay journey and ethos of the company https://lnkd.in/g7eAjQGN
We are excited to double down in Clay and continue to support their vision of turning any growth idea into reality! Congrats to Kareem Amin Varun Anand on the well deserved milestone. Great writeup by Alex Konrad capturing the Clay journey and ethos of the company https://lnkd.in/g7eAjQGN