Cloud Start-Up Airtable Raises $185 Million At $2.5 Billion Valuation And Launches API For Outside Coders.
Amid booming stock prices for publicly-traded software companies, cloud software start-up, Airtable, has raised $185 million in a Series D round. Existing investor Thrive Capital led the round, which included previous backers Benchmark Capital, Coatue, CRV, Caffeinated Capital, and newcomer D1 Capital Partners. With the investment, Airtable has raised $350 million since its 2013 launch. The post-money valuation is $2.585 billion—more than double Airtable’s last fundraise in November 2018.
“We didn’t need the money,” says Howie Liu, Airtable’s cofounder and CEO. “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.”
Fluctuations have been surging upward for software and cloud companies since the Covid-19 pandemic has pushed