Total amount raised
$5.6 Billions
Latest funding date
September, 2021
Location
Fivetran has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform specializes in automated data movement, offering a fully-managed service that centralizes data from over 700 sources.
Keep reading to explore the intricacies of Fivetran's fundraising journey and the investors backing this innovative platform.
What Is Fivetran?
Fivetran, founded in 2012, is headquartered in Oakland, California. The company was established by George Fraser and Taylor Brown. Specializing in automated data movement, Fivetran helps businesses streamline their data integration processes.
With a robust platform, Fivetran offers over 700 pre-built connectors, enabling seamless data transfer from various sources to destinations like data warehouses and lakes. This automation allows companies to focus on deriving insights rather than managing data pipelines.
Fivetran has grown significantly since its inception, now employing over 1,000 people. The company's commitment to innovation and reliability has made it a trusted partner for data-driven organizations worldwide.
How Much Funding Has Fivetran Raised?
- Seed Round
- Amount Raised: $743K
- Date: April 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and develop its initial product offerings.
- Seed Round
- Amount Raised: $3.4M
- Date: November 2017
- Lead Investors: CEAS Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series A
- Amount Raised: $15M
- Date: December 2018
- Lead Investors: Matrix
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business and enhance the platform's capabilities.
- Series B
- Amount Raised: $44M
- Date: September 2019
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve data integration features.
- Series C
- Amount Raised: $100M
- Date: June 2020
- Lead Investors: Andreessen Horowitz, General Catalyst
- Valuation at Round: $1.2 billion
- Motivation Behind the Round: To support growth and increase valuation.
- Series D
- Amount Raised: $565M
- Date: September 2021
- Lead Investors: Andreessen Horowitz
- Valuation at Round: $5.6 billion
- Motivation Behind the Round: To fund the acquisition of HVR and enhance data replication capabilities.
- Debt Financing
- Amount Raised: $125M
- Date: May 2023
- Lead Investors: Vista Credit Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and strategic initiatives.
Fivetran has raised a total of $852.143M with a current valuation of $5.6 billion.
Key Investors
- Andreessen Horowitz
- Details: Andreessen Horowitz is a leading venture capital firm known for investing in technology companies. They have a strong track record of backing successful startups.
- Investment Focus Areas: Technology, software, internet companies
- Notable Investments: Facebook, Airbnb, Slack
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in early-stage and growth-stage companies. They aim to support transformative businesses.
- Investment Focus Areas: Technology, healthcare, consumer sectors
- Notable Investments: Stripe, Snap, Airbnb
- CEAS Investments
- Details: CEAS Investments is a private investment firm. Specific details about their focus are not widely disclosed.
- Investment Focus Areas: Various sectors, specifics not detailed
- Notable Investments: Not publicly disclosed
- Matrix Partners
- Details: Matrix Partners is a venture capital firm that invests in early-stage companies. They have a history of supporting innovative startups.
- Investment Focus Areas: Technology, software companies
- Notable Investments: HubSpot, Zendesk, Gilt Groupe
- ICONIQ Capital
- Details: ICONIQ Capital is a global multi-family office and venture capital firm. They manage investments for influential families and organizations.
- Investment Focus Areas: Technology, software, internet companies
- Notable Investments: Snowflake, Uber, Alibaba
What's Next for Fivetran?
Fivetran's acquisition of HVR opens up significant opportunities for expanding its data integration capabilities. By leveraging HVR's advanced data replication technology, Fivetran can enhance its offerings and cater to a broader range of enterprise needs. This strategic move positions Fivetran to capture a larger market share and meet the growing demand for real-time data analytics and cloud-based solutions.
With a recent $565 million funding round, Fivetran is well-positioned for future fundraising opportunities. The company's strong market presence and innovative technology make it an attractive investment for venture capital firms. This financial backing could support further acquisitions and product development, driving continued growth.
However, integrating HVR's technology and maintaining data security while scaling services present challenges. Fivetran must also navigate a competitive landscape and keep pace with rapid technological advancements. Despite these hurdles, Fivetran's strategic initiatives and robust funding position it for a promising future in the data integration industry.
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