Susquehanna Growth Equity LLC has made a minority investment in Clutch, a B2B ratings and reviews platform for IT, marketing and business services provider. No financial terms were disclosed.
Washington D.C., March 9, 2020 – Clutch Co, LLC (“Clutch”), the leading B2B ratings and reviews platform for IT, Marketing, and Business Services providers, today announced that it has received a significant minority investment from Susquehanna Growth Equity, LLC (“SGE”), an entrepreneur-centric growth equity firm exclusively focused on internet, software, and information services companies. Financial terms of the investment were not disclosed. This represents Clutch’s first institutional capital investment and furthers the company’s mission to provide B2B services buyers with unbiased ratings, reviews, and research on the best B2B service providers worldwide.
Clutch’s B2B ratings and reviews database provides buyers with unbiased ratings, reviews, and insights to help customers find B2B services firms that deliver, enabling them to make the best buying & hiring decisions. Clutch serves hundreds of thousands of buyers every month by providing detailed ratings and reviews on over 180,000+ IT, Marketing, and Business Services firms across 500+ segments. Clutch will use its first institutional investment to further enhance its customer experience and product offerings in the company’s next chapter of growth.
“We are very excited to bring in the Susquehanna Growth Equity team as a strategic and financial ally,” said Mike Beares, Founder and CEO of Clutch. “We see a tremendously exciting future ahead of us as we strengthen our technology and processes, grow our client base, and expand into new product categories. The investment will allow us to scale and continue to deliver great customer experiences to our B2B buyers and service providers.”
“Susquehanna Growth Equity is thrilled to collaborate with Clutch, which continues to define the B2B services ratings and reviews space it created, and its leadership team, who have proven to be client-first thought leaders,” said Scott Feldman, Managing Director at Susquehanna Growth Equity. “Clutch has a large white space opportunity ahead of it,” added Josh Elser, Director at Susquehanna Growth Equity. “Clutch’s comprehensive ratings and reviews database drives meaningful value for buyers and service providers, and we look forward to working with the Clutch team on scaling product and market growth initiatives.”
In conjunction with the transaction, Scott Feldman will join Clutch’s Board of Directors and Josh Elser will join as a Board Observer.
Clutch is the leading ratings and reviews platform for IT, marketing, and business service providers. Each month, over half a million buyers and sellers of services use the Clutch platform, and the user base is growing over 50% a year. Clutch has been recognized by Inc. Magazine as one of the 500 fastest growing companies in the U.S. and has been listed as a Top 50 Startup by LinkedIn. To learn more, please visit www.clutch.co.
ABOUT SUSQUEHANNA GROWTH EQUITY:
Susquehanna Growth Equity, LLC (SGE) is an entrepreneur-centric growth equity fund with flexible capital and time horizons. SGE is exclusively focused on growth stage internet, software, and information services companies. The firm has invested over $1.6B dollars in 55+ market-leading technology companies such as Credit Karma, HighRadius, iCIMS, and Payoneer over the last 14 years, and has portfolio companies across the US, Canada, EU, and Israel. SGE is backed by a unique and patient source of capital, which enables the firm to give entrepreneurs and management teams freedom and flexibility to maximize growth. To learn more, please visit www.sgep.com.