Funding round
Fivetran Series C
Fivetran, which works in automated data integration platform development in Oakland, raised $100M in a Series C round announced on 30 Jun 2020, led by Andreessen Horowitz and General Catalyst, at a $1.20B post-money valuation. 4 firms took part, 2 of them already investors. It is Fivetran's fourth venture round on record; the one before was a Series B in Sep 2019.
$100M
Amount raised
$1.20B
Post-money valuation
$1.10B pre-money
4
Investors
2 leads
8.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Fivetran at $1.20B after the new money. The $100M bought investors about 8.3% of the company. It came 9 months after Fivetran's Series B. It is 14% of the $727M Fivetran has raised in the venture rounds on record. Fivetran raised again 15 months later: a Series D round of $565M in Sep 2021, at $5.60B 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 24 Sep 2019, led by Andreessen Horowitz $44M
- Series C this round 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 and General Catalyst led the round with 2 other firms. CEAS Investments and Matrix had backed Fivetran before.
Lead investors
- Andreessen Horowitz backs 722 venture-backed companies new investor
- General Catalyst backs 574 venture-backed companies new investor
Also in the round
- backs 34 venture-backed companies existing investor
- Matrix backs 129 venture-backed companies existing investor
Joined the board: Trevor Oelschig (General Catalyst).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
327 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 2.0 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Postman Tech Companies | 11 Jun 2020 | $150M | $2.00B | Insight Partners |
| Tech Companies | 22 Jun 2020 | $102M | not disclosed | Andreessen Horowitz |
| Tech Companies | 23 Jun 2020 | $79M | not disclosed | Index Ventures |
| Tech Companies | 15 Jun 2020 | $75M | not disclosed | SK Telecom |
| Tech Companies | 9 Jun 2020 | $60M | not disclosed | Andreessen Horowitz and F-Prime Capital |
| Tech Companies | 4 Jun 2020 | $60M | not disclosed | Bessemer Venture Partners |
| Tech Companies | 24 Jun 2020 | $55M | not disclosed | Sapphire Ventures |
| Tech Companies | 23 Jun 2020 | $40M | not disclosed | Intel Capital |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Fivetran raise in its Series C round?
Fivetran raised $100M in its Series C round, announced in Jun 2020.
Who led Fivetran's Series C round?
Andreessen Horowitz and General Catalyst led it, with CEAS Investments and Matrix.
What was Fivetran's valuation at the Series C round?
$1.20B post-money ($1.10B pre-money).
How does it compare with other Series C rounds in Tech Companies?
327 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 2.0 times the median.
Did Fivetran raise again after this round?
Yes: a Series D round in Sep 2021 of $565M at $5.60B post-money.