Funding round
Fivetran Series B
Fivetran, which works in automated data integration platform development in Oakland, raised $44M in a Series B round announced on 24 Sep 2019, led by Andreessen Horowitz. 3 firms took part, 2 of them already investors. It is Fivetran's third venture round on record; the one before was a Series A in Dec 2018.
$44M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Fivetran did not disclose a valuation in this round. It came 9 months after Fivetran's Series A. It is 6.0% of the $727M Fivetran has raised in the venture rounds on record. Fivetran raised again 9 months later: a Series C round of $100M in Jun 2020, at $1.20B post-money.
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 4 Dec 2018, led by Matrix Partners $15M
- Series B this round 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
Andreessen Horowitz led the round with 2 other firms. Matrix Partners and CEAS Investments had backed Fivetran before.
Lead investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
Also in the round
- Matrix Partners existing investor
- backs 34 venture-backed companies existing investor
Joined the board: Martin Casado (Andreessen Horowitz).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
524 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $22M, and this round was 2.0 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 19 Sep 2019 | $60M | not disclosed | not named |
| Tech Companies | 16 Sep 2019 | $45M | not disclosed | Thayer Ventures and Swisscanto Invest by Zürcher Kantonalbank |
| Applied Intuition Tech Companies | 12 Sep 2019 | $40M | not disclosed | General Catalyst |
| Tech Companies | 23 Sep 2019 | $32M | not disclosed | not named |
| Tech Companies | 25 Sep 2019 | $32M | not disclosed | SIG |
| Tech Companies | 26 Sep 2019 | $29M | not disclosed | Piton Capital and Enern |
| Tech Companies | 4 Sep 2019 | $24M | not disclosed | Oxygen House Group |
| Tech Companies | 9 Sep 2019 | $24M | not disclosed | Optum Ventures and Premera Blue Cross |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Fivetran raise in its Series B round?
Fivetran raised $44M in its Series B round, announced in Sep 2019.
Who led Fivetran's Series B round?
Andreessen Horowitz led it, with Matrix Partners and CEAS Investments.
What was Fivetran's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
524 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $22M, and this round was 2.0 times the median.
Did Fivetran raise again after this round?
Yes: a Series C round in Jun 2020 of $100M at $1.20B post-money.