Clutch Plans Growth Following its $18M Series A

D.C.’s Clutch, creator of a ratings and reviews platform for IT, marketing and business services providers, has closed a $18 million Series A funding round.

After being primarily bootstrapped and bringing in customer revenue since its launch in 2013, this is the company’s first time raising venture capital, Clutch founder and CEO Mike Beares told Technical.ly.

The only investment included in the round came from growth equity firm Susquehanna Growth Equity. There were no leadership shifts with this investment, Beares said, and Clutch plans to use the fresh funding to enhance customer experience on the platform and to expand its products and services.

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