Workday Ventures’ Investment in Clari

Gunderson Dettmer Stough Villeneuve Franklin & Hachigian advised Clari on the deal.

Clari, the revenue operations leader, announced it has received a strategic investment from Workday Ventures as an extension to its Series E investment round.  Workday joins other Series E investors, including Silver Lake Partners, Northgate Capital, B Capital Group, Sequoia Capital, Bain Capital Ventures, Sapphire Ventures, Madrona Ventures, Thomvest, and Tenaya Capital. 

Clari and Workday also announced a collaboration aimed at combining Clari’s AI-powered forecasting insights with Workday Adaptive Planning’s financial planning and reporting workflows, giving companies greater predictability and visibility into future results. Workday selected Clari in 2019 to gain greater visibility and execution insight into their deal pipeline and increase overall forecast accuracy. This partnership is a reflection of the companies’ joint commitment to continue building on their strategic relationship. 

Clari’s Revenue Operations Platform improves efficiency, predictability, and growth across the entire revenue process. Clari gives revenue teams total visibility into their business, to drive process rigor, spot risk and opportunity in the pipeline, increase forecast accuracy, and drive overall efficiency.

Workday Ventures is the strategic investment arm of Workday, Inc., focused on accelerating the growth of emerging enterprise software companies that enhance the Workday customer experience and are complementary to Workday products and services. 

The Gunderson deal team was led by Ivan Gaviria (Picture) and included Jared Mayberry, Anjuli Schlievert, Peter Jung and Alexis Persson.

Involved fees earner: Ivan Gaviria – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Peter Jung – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Jared Mayberry – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Alexis Persson – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Anjuli Schlievert – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian;

Law Firms: Gunderson Dettmer Stough Villeneuve Franklin & Hachigian;

Clients: Clari Inc;

Author: Martina Bellini