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Announced

Completed

Thrive Capital led a $185m Series D funding round in Airtable.

Financials

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Transaction Value£144m
Consideration TypeCash
Capital Owned-
Capital Bid For7%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Data Centers and Hosting

Acquisition

Completed

Private Equity

Venture Capital

cloud collaboration service

Friendly

Minority

Domestic

United States

Private

Single Bidder

Synopsis

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Thrive Capital, a private equity firm, led a $185m Series D funding round in Airtable, a cloud collaboration service company, valuing the company at $2.5bn. Benchmark, Coatue Management, CRV, Caffeinated Capital and D1 Capital Partners also participated in the round. "We didn't need the money. 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," Howie Liu, Airtable Co-Founder and CEO.

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