airtable is now valued at $5.77b with a fresh $270 million in series e funding
Airtable Secures $270 Million in Series E Funding
Airtable, the popular no-code relational database platform, has announced the completion of a $270 million Series E funding round. This investment comes from a diverse range of investors and significantly boosts the company’s valuation.
Funding Details and Valuation
The post-money valuation for Airtable now stands at $5.77 billion. This represents more than a doubling of its valuation since September, when the company secured $185 million in Series D funding.
Greenoaks Capital spearheaded this latest funding round. Additional participation came from WndrCo, alongside existing investors including Caffeinated Capital, CRV, and Thrive.
Strategic Allocation of Funds
The company intends to utilize the newly acquired capital to expedite the advancement of its enterprise-level product offerings. Furthermore, resources will be dedicated to expanding the Airtable team.
Founder and CEO Howie Liu revealed to Forbes that Greenoaks Capital initiated the funding discussions, indicating strong investor interest in Airtable’s growth trajectory.
Airtable's Capabilities and Potential
Airtable functions as a relational database, often characterized as an enhanced alternative to tools like Excel or Google Sheets. Its robust infrastructure supports the development of an application ecosystem.
This capability allows users to build software without traditional coding, making it a versatile no-code tool. Consequently, the potential applications are extensive, and the addressable customer base is substantial.
Neil Mehta, a partner at Greenoaks Capital, highlighted this potential in a press statement, emphasizing the broad applicability of the platform.
Total Funding to Date
According to Crunchbase data, Airtable has now raised a total of $617 million in funding since its inception.
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