Airtable, the US-headquartered developer of a collaborative database software platform, has raised $270m from investors including media holding company WndrCo at a $5.77bn post-money valuation, Forbes reported today.
The round was led by internet-focused investment firm Greenoaks Capital and also featured venture capital firms Caffeinated Capital, CRV and Thrive Capital.
Founded in 2013, Airtable has developed configurable database software that can be further enhanced by more than 50 compatible apps bought through its online marketplace.
Howie Liu, co-founder and chief executive of Airtable, told Forbes: “The new round lets us bet even longer term, but more aggressively.
“We are going to aggressively invest into improving the stability and scalability of the product, go into new service areas and increase our sales and marketing. But we are doing it in a disciplined way where we still are in control of our business.”
The company now has in excess of $500m of cash in hand, according to Liu. The latest round came in the wake of a $185m series D in September 2020 that was led by Thrive Capital and backed by Caffeinated Capital, CRV, Benchmark, Coatue and D1 Capital, valuing it at $2.4bn pre-money.
Thrive Capital, Benchmark and Coatue co-led Airtable’s $100m series C round in November 2018, investing with CRV, Caffeinated Capital and angel investors Delphine Arnault, Emily Weiss, Alexa von Tobel, Sarah Smith and Dan Rose at a $1.1bn valuation.
The series C round came eight months after Airtable raised $52m in series B funding from CRV, Caffeinated Capital, Freestyle Ventures and Slow Ventures.
CRV led a $7.6m round for the company in 2015 that also featured Freestyle Capital, Caffeinated Capital, DCVC, Tuesday Capital (then known as Crunchfund), Founder Collective and assorted angel investors.
Airtable had previously received $3m in seed financing from Caffeinated Capital, Freestyle Capital, Data Collective, Tuesday Capital and assorted individuals earlier the same year.
