Fivetran raises $100M


Automated data integration provider Fivetran has raised $100 million in Series C financing. The investment was led by Andreessen Horowitz (a16z) and General Catalyst. Existing investors Ceas Investments and Matrix Partners also participated in the funding round.

Trevor Oelschig, managing director at General Catalyst Growth, will join the Fivetran board.

In a statement, Fivetran said that over the last year its customers have expanded their usage of Fivetran by 150 percent; with rows of data managed growing from 500 billion to nearly 1.3 trillion during the time period.

Its total customer base now stands at over 1,100 companies; including BJ’s Restaurants, ClassPass, Conagra Brands, Databricks, DocuSign, Forever 21, Lime, Square, Udacity and Urban Outfitters, says Fivetran.

Fivetran has raised $163 million to date. The current investment pegs the company to a $1.2 billion, according to Fivetran.

You can find the blog post by Fivetran talking about the funding here.

[Image courtesy: Fivetran]