Copper Funding, Investors & Competitors

Copper has raised $102M across 5 funding rounds, most recently a $15M Series C in May 2019.

Last Copper funding round

$15M

Series C · May 2019

Cumulative funding Copper raised

$102M

across 5 funding rounds

Key investors in Copper

  • True Ventures
  • Industry Ventures
  • GV
  • Norwest
  • Bloomberg Beta
  • Tuesday Capital
  • Storm Ventures
  • NextWorld Capital

Copper Overview

About Copper

Copper is a San Francisco-headquartered customer relationship management platform integrated with Google Workspace. It embeds contact management, deal tracking, and task automation directly into Gmail, Calendar, and Drive. The tool serves sales teams at companies like HubSpot partners and automates workflows for over 10,000 teams worldwide.


Founded

2011

HQ

United StatesSan Francisco, CA

Website

copper.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Copper Funding History

Copper has raised a total of $102M across 5 funding rounds.

Copper's first fundraising round was a $3M seed round in May 2013. The most recent completed round was a $15M Series C in May 2019.

Copper funding rounds

Copper funding rounds
DateStageInvestorsRaisedDeal Summary
May 2019Series CIndustry Ventures; GV; Norwest; True Ventures$15MCopper, a CRM platform originally founded in 2013 as ProsperWorks, automates tasks and organizes contacts, files, and emails for finance, marketing, and sales teams. The company boosted its series C round to $68 million with a $15 million extension on May 23, 2019, featuring GV (Alphabet's venture arm), Norwest Venture Partners, True Ventures, and Industry Ventures. This extension added to the initial $53 million tranche from 2017 led by Norwest and backed by GV, True Ventures, Industry Ventures, Next World Capital, and Storm Ventures.
Sep 2017Series CNorwest (lead); Industry Ventures; GV; NextWorld Capital; Storm Ventures; True Ventures; DHVC$53M-
Sep 2016Series BIndustry Ventures; Devoteam; NextWorld Capital; Storm Ventures; True Ventures; Anshu Sharma$24M-
Mar 2015Series ATrue Ventures (lead); Bloomberg Beta; Tuesday Capital$8M-
May 2013SeedBloomberg Beta; Don Hutchison; Tuesday Capital; Columbus Nova Technology Partners; Tim Stevens; Anthony Soohoo; Satya Patel; Brad Jones; Shernaz Daver; Red Dog Capital; Andy Rankin; Jim Cheng$3M-

Who has invested in Copper?

21 investors have backed Copper across its funding rounds, including True Ventures, Industry Ventures, GV, Norwest, Bloomberg Beta and Tuesday Capital.

Lead investors include Norwest and True Ventures.


Copper Investors

Investors in Copper by funding rounds participated
InvestorHQRoundsRoleFirst check
True VenturesUnited StatesSan Francisco, CA4LeadMar 2015
Industry VenturesUnited StatesSan Francisco, CA3ParticipantSep 2016
GVUnited StatesSan Francisco, CA2ParticipantSep 2017
Bloomberg BetaUnited StatesSan Francisco, CA2ParticipantMay 2013
NextWorld CapitalUnited StatesSan Francisco, CA2ParticipantSep 2016
Tuesday CapitalUnited StatesSan Francisco, CA2ParticipantMay 2013
Storm VenturesUnited StatesSan Francisco, CA2ParticipantSep 2016
NorwestUnited StatesSan Francisco, CA2LeadSep 2017
DevoteamFranceParis1ParticipantSep 2016
Don HutchisonUnited StatesUnited States1ParticipantMay 2013
Columbus Nova Technology PartnersUnited StatesSan Francisco, CA1ParticipantMay 2013
Tim StevensUnited StatesSan Francisco, CA1ParticipantMay 2013
DHVCUnited StatesSan Francisco, CA1ParticipantSep 2017

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Copper Competitors

Copper competitors include listed companies like Salesforce, HubSpot and Zeta Global, and private ones like Axtria, Rippling and Talkdesk.

Public and private companies comparable to Copper
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AxtriaUnited StatesBerkeley Heights, NJPrivate--$900M-
SalesforceUnited StatesUnited StatesPublicly listed$42B$13B$200B5.2x
RipplingUnited StatesSan Francisco, CAPrivate$570M-$17B29.5x
HubSpotUnited StatesUnited StatesPublicly listed$3.1B$140M$11B2.9x
TalkdeskUnited StatesSan Francisco, CAPrivate$230M-$10B43.5x
Zeta GlobalUnited StatesUnited StatesPublicly listed$1.3B$39M$7.6B4.5x

Copper Public Comps

Copper is still privately-owned, but its public comps include Salesforce, Constellation Software, SS&C Technologies, HubSpot, Zeta Global, Pegasystems, Topicus, Klaviyo, Lumine Group and Freshworks.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Salesforce$42B$13B5.5x5.2x17.8x12.2x
Constellation Software$12B$2.5B4.0x3.5x18.5x12.9x
SS&C Technologies$6.3B$2.1B4.2x3.9x12.4x10.0x
HubSpot$3.1B$140M3.3x2.9x73.7x12.1x
Zeta Global$1.3B$39M5.8x4.5x191.0x20.3x
Pegasystems$1.7B$294M3.2x3.1x19.2x11.3x
Topicus$1.8B$393M3.4x3.0x15.3x10.6x
Klaviyo$1.2B($51M)3.1x2.6x(74.0x)16.7x

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Common questions about Copper

When was Copper founded?Copper was founded in 2011.
Where is Copper headquartered?Copper is headquartered in San Francisco, CA, United States.
Is Copper publicly listed?No, Copper is a private, VC-backed company.
How much funding has Copper raised?Copper has raised $102M across 5 funding rounds.
What was Copper's last funding round?Copper's last funding round was a $15M Series C in May 2019.
Who are Copper's investors?Copper's investors include True Ventures, Industry Ventures, GV, Bloomberg Beta, NextWorld Capital, Tuesday Capital, Storm Ventures, Norwest, Devoteam, Don Hutchison and 11 others.
Which companies are comparable to Copper?Companies comparable to Copper include Axtria, Salesforce, Rippling, HubSpot, Talkdesk and Zeta Global.

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