Funding round
Fivetran Series D
Fivetran, which works in automated data integration platform development in Oakland, raised $565M in a Series D round announced on 20 Sep 2021, led by Andreessen Horowitz, at a $5.60B post-money valuation. 7 firms took part, 4 of them already investors. It is Fivetran's fifth venture round on record; the one before was a Series C in Jun 2020.
$565M
Amount raised
$5.60B
Post-money valuation
$5.04B pre-money
7
Investors
1 lead
4.7x
Step-up from the Series C
$1.20B in Jun 2020
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Fivetran at $5.60B after the new money, 4.7 times the $1.20B of its Series C (Jun 2020). The $565M bought investors about 10% of the company. It came 15 months after Fivetran's Series C. It is 78% of the $727M Fivetran has raised in the venture rounds on record. No later venture round is on record for Fivetran.
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 30 Jun 2020, led by Andreessen Horowitz and General Catalyst $100M$1.20B post-money
- Series D this round 20 Sep 2021, led by Andreessen Horowitz $565M$5.60B post-money
Investors
Who put money in
Andreessen Horowitz led the round with 6 other firms. Andreessen Horowitz, General Catalyst, CEAS Investments and Matrix had backed Fivetran before.
Lead investor
- Andreessen Horowitz backs 722 venture-backed companies existing investor
Also in the round
- General Catalyst backs 574 venture-backed companies existing investor
- backs 34 venture-backed companies existing investor
- Matrix backs 129 venture-backed companies existing investor
- ICONIQ Capital new investor
- D1 Capital Partners new investor
- Y Combinator backs 1,295 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
241 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 5.7 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Commure Tech Companies | 16 Sep 2021 | $500M | $3.50B | Human Capital and Greenoaks Capital |
| Tech Companies | 30 Sep 2021 | $125M | $1.50B | Technology Crossover Ventures |
| Workato Tech Companies | 8 Sep 2021 | $110M | $1.70B | Altimeter |
| Arcadia Tech Companies | 15 Sep 2021 | $100M | not disclosed | Tiger Global and Drawdown Fund |
| Tech Companies | 29 Sep 2021 | $100M | not disclosed | Great Hill Partners |
| Tech Companies | 19 Sep 2021 | $98M | not disclosed | Hanaco |
| Tech Companies | 2 Sep 2021 | $75M | not disclosed | Energy Impact Partners |
| Tech Companies | 7 Sep 2021 | $30M | $280M | PBJ Capital and Omega Venture Partners |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Fivetran raise in its Series D round?
Fivetran raised $565M in its Series D round, announced in Sep 2021.
Who led Fivetran's Series D round?
Andreessen Horowitz led it, with General Catalyst, CEAS Investments, Matrix, ICONIQ Capital and D1 Capital Partners and 1 more.
What was Fivetran's valuation at the Series D round?
$5.60B post-money ($5.04B pre-money).
How does it compare with other Series D rounds in Tech Companies?
241 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 5.7 times the median.