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

Synopsis

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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