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- Copper
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
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| May 2019 | Series C | Industry Ventures; GV; Norwest; True Ventures | $15M | Copper, 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 2017 | Series C | Norwest (lead); Industry Ventures; GV; NextWorld Capital; Storm Ventures; True Ventures; DHVC | $53M | - |
| Sep 2016 | Series B | Industry Ventures; Devoteam; NextWorld Capital; Storm Ventures; True Ventures; Anshu Sharma | $24M | - |
| Mar 2015 | Series A | True Ventures (lead); Bloomberg Beta; Tuesday Capital | $8M | - |
| May 2013 | Seed | Bloomberg 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Mar 2015 | ||
| 3 | Participant | Sep 2016 | ||
| 2 | Participant | Sep 2017 | ||
| 2 | Participant | May 2013 | ||
| 2 | Participant | Sep 2016 | ||
| 2 | Participant | May 2013 | ||
| 2 | Participant | Sep 2016 | ||
| 2 | Lead | Sep 2017 | ||
| 1 | Participant | Sep 2016 | ||
| 1 | Participant | May 2013 | ||
| 1 | Participant | May 2013 | ||
| 1 | Participant | May 2013 | ||
| 1 | Participant | Sep 2017 | ||
This data is available for Pro users. Sign up to see all 21 Copper investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialCopper Competitors
Copper competitors include listed companies like Salesforce, HubSpot and Zeta Global, and private ones like Axtria, Rippling and Talkdesk.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $900M | - | ||
| Publicly listed | $42B | $13B | $200B | 5.2x | ||
| Private | $570M | - | $17B | 29.5x | ||
| Publicly listed | $3.1B | $140M | $11B | 2.9x | ||
| Private | $230M | - | $10B | 43.5x | ||
| Publicly listed | $1.3B | $39M | $7.6B | 4.5x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $42B | $13B | 5.5x | 5.2x | 17.8x | 12.2x | |||
| $12B | $2.5B | 4.0x | 3.5x | 18.5x | 12.9x | |||
| $6.3B | $2.1B | 4.2x | 3.9x | 12.4x | 10.0x | |||
| $3.1B | $140M | 3.3x | 2.9x | 73.7x | 12.1x | |||
| $1.3B | $39M | 5.8x | 4.5x | 191.0x | 20.3x | |||
| $1.7B | $294M | 3.2x | 3.1x | 19.2x | 11.3x | |||
| $1.8B | $393M | 3.4x | 3.0x | 15.3x | 10.6x | |||
| $1.2B | ($51M) | 3.1x | 2.6x | (74.0x) | 16.7x | |||
This data is available for Pro users. Sign up to see all Copper competitors and their valuation data. Start Free Trial | ||||||||
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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