Fivetran, an Oakland, CA-based provider of automated data integration solutions, raised $100m in Series C financing.
The round, which brought total fundraising to $163m with a current valuation of $1.2 billion, was led by Andreessen Horowitz (a16z) and General Catalyst, with participation from existing investors CEAS Investments and Matrix Partners. In conjunction with the funding, Trevor Oelschig, managing director at General Catalyst Growth, will join the Fivetran board.
The company will use the funding to accelerate global expansion, drive adoption in the enterprise market, and continue building out its data connectors.
Led by George Fraser, CEO, Fivetran provides connectors that automatically adapt as schemas and APIs change, ensuring access to data. To accelerate analytics, the company’s solutions enable in-warehouse transformations and delivers source-specific analytics templates. With more than 1,000 customers, , including global brands such as BJ’s Restaurants, ClassPass, Conagra Brands, Databricks, DocuSign, Forever 21, Lime, Square, Udacity and Urban Outfitters, Fivetran has offices in Sydney, Australia, Munich, Germany, London, UK, and Bengaluru, India.
FinSMEs
01/07/2020