Fivetran Raises $565M in Series D; to Acquire HVR

Fivetran, an Oakland, Calif.-based provider of automated data integration solutions, raised $565m in Series D funding.

The round was led by Andreessen Horowitz with participation from existing investors General Catalyst, CEAS Investments, Matrix Partners, and others, along with new investors ICONIQ Capital, D1 Capital Partners and YC Continuity.

Fivetran, which has raised $730m to date and is now valued at $5.6 billion, also entered into a definitive agreement to acquire HVR, a provider of enterprise data replication technology led by Anthony Brooks-Williams, CEO. The acquisition will allow Fivetran to provide database replication performance along with enterprise-grade security to address the massive market for modernizing analytics for operational data associated with ERP systems, Oracle databases, and more.

The acquisition — a cash and stock deal valued at $700m — strengthens Fivetran’s market position as one of the data integration leaders for all industries and all customer types. Fivetran customers will gain access to a broader range of high-performance data replication solutions, including HVR’s change data capture connectors and a secure, on-premise option for companies with legacy databases. HVR’s customers will have access to Fivetran’s broad range of pre-built, fully managed data connectors and transformation capabilities.

The transaction has been approved by the Boards of Directors of both companies, though finalization of Fivetran’s acquisition of HVR is subject to customary approvals. The deal is expected to close in early October.

Led by George Fraser, CEO, Fivetran is an automated data integration company that delivers ready-to-use connectors that automatically adapt as schemas and APIs change. It improves the accuracy of data-driven decisions by continuously synchronizing data from source applications to any destination, allowing analysts to work with the freshest possible data. To accelerate analytics, the company’s solution automates in-warehouse transformations and programmatically manages ready-to-query schemas.

The Fivetran customer roster includes thousands of global companies such as ASICS, Autodesk, BJ’s Restaurants, Conagra Brands, DocuSign, Forever 21, Lionsgate, Square and Ziff Davis. HVR’s customers include dozens of Fortune 500 brands.