Funding round
Fivetran Series A
Fivetran, which works in automated data integration platform development in Oakland, raised $15M in a Series A round announced on 4 Dec 2018, led by Matrix Partners. 1 firm took part. It is Fivetran's second venture round on record; the one before was a Seed in Nov 2017.
$15M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Fivetran did not disclose a valuation in this round. It came 13 months after Fivetran's Seed. It is 2.1% of the $727M Fivetran has raised in the venture rounds on record. Fivetran raised again 9 months later: a Series B round of $44M in Sep 2019. Its next priced round, a Series C in Jun 2020, valued it at $1.20B.
Fivetran's funding rounds
Fivetran has 5 venture rounds on record. This one is highlighted.
- Seed 1 Nov 2017, led by CEAS Investments $3.4M
- Series A this round 4 Dec 2018, led by Matrix Partners $15M
- Series B 24 Sep 2019, led by Andreessen Horowitz $44M
- Series C 30 Jun 2020, led by Andreessen Horowitz and General Catalyst $100M$1.20B post-money
- Series D 20 Sep 2021, led by Andreessen Horowitz $565M$5.60B post-money
Investors
Who put money in
Matrix Partners led the round.
Lead investor
- Matrix Partners new investor
Joined the board: Ilya Sukhar (Matrix Partners).
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
882 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.0M, and this round was 1.9 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 4 Dec 2018 | $45M | not disclosed | FitLab and Causeway |
| Tech Companies | 5 Dec 2018 | $28M | not disclosed | Highland Europe |
| Tech Companies | 1 Dec 2018 | $21M | not disclosed | not named |
| Tech Companies | 18 Dec 2018 | $14M | not disclosed | FirstMark |
| Tech Companies | 10 Dec 2018 | $13M | not disclosed | Blamar |
| Tech Companies | 11 Dec 2018 | $11M | not disclosed | Tola Capital |
| Tech Companies | 10 Dec 2018 | $11M | not disclosed | Redpoint Ventures |
| Tech Companies | 4 Dec 2018 | $9.5M | not disclosed | New Enterprise Associates and K9 Ventures |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Fivetran raise in its Series A round?
Fivetran raised $15M in its Series A round, announced in Dec 2018.
Who led Fivetran's Series A round?
Matrix Partners led it.
What was Fivetran's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
882 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.0M, and this round was 1.9 times the median.
Did Fivetran raise again after this round?
Yes: a Series B round in Sep 2019 of $44M.