Will Airtable get $5.7 Billion Valuation?

Promotions

Ella Jones, Deputy Editor In Chief

Date: 25.03.2021

Howie Liu, the cofounder and CEO of cloud software startup Airtable, has raised a $270 million Series E round at a valuation of $5.77 billion.

With the new funding, Liu has more than doubled Airtable’s valuation since September 2020, when he raised $185 million Series D at a $2.5 billion valuation. Liu says that he wasn’t actively raising more capital—or considering going public—when Greenoaks reached out to invest. “We are going to aggressively invest into improving the stability and scalability of the product, go into new service areas, and increase our sales and marketing. But we’re doing it in a disciplined way where we still are in control of our business."

Airtable is a slick, cloud-based spreadsheet and robust relational database with a twist. Its no-code product lets you build and customize software without deep programming skills. As I've written before, it feels like a turbocharged Google Sheets but has the computing chops to run companies with thousands of employees. Recently Liu opened Airtable’s API to allow outside developers to create apps and functions that run on its ecosystem—much like how independent companies build apps for Apple's App Store.

Airtable’s software has thrived in the current Covid remote work environment. Its product lets teams create software to collaborate, manage projects, share and catalog critical data sets, content and information to employees worldwide.

by Ella Jones | Linkedin

Views: 3

Leave a request

Select option
Thank you, application submitted.