- Cloud productivity company Airtable announced it has raised $185 million in a Series D funding round led by existing investor Thrive Capital
Cloud productivity company Airtable announced it has raised $185 million in a Series D funding round led by existing investor Thrive Capital. This funding round also included previous investors Benchmark Capital, Coatue, CRV, Caffeinated Capital, and new investor D1 Capital Partners. Including this funding round, Airtable has raised $350 million since it launched in 2013 and the company’s post-money valuation is $2.585 billion according to Forbes.
“We didn’t need the money,” said Airtable’s cofounder and CEO Howie Liu in an interview with Forbes. “Once Covid hit, we wanted to seize the opportunity and not have to worry about what the economy is going to look like if there’s a second wave. We are building for the long term without being distracted by broader market fluctuations.”
Coatue cofounder Thomas Laffont pointed out that the urgency around digital transformation has fundamentally changed.
“Every boardroom is thinking, what’s our strategy? How do we fend off Amazon? How do we fend off Peloton? How do we operate in this environment? All those questions are being answered through better software—and Airtable has a great solution,” added Laffont via Forbes.
Airtable is essentially a spreadsheet-focused no-code platform. And Airtable is used by about 200,000 companies. Some of the company’s customers include Netflix, HBO, Condé Nast Entertainment, TIME, City of Los Angeles, and IBM.
Airtable is also launching new features soon. While Airtable already allowed users to tap into pre-built functions like Gantt charts, but now developers can build additional functionalities with JavaScript and share it with other users through the Airtable Marketplace.
And Airtable is in the process of rolling out Airtable Automations. This feature allows you to create custom and workflows to create reports and handle tasks automatically.
Plus Airtable is deploying Airtable Sync. This feature enables teams to easily share data across organizations. Permission controls can also be set to provide access to only certain groups of people.
