Fivetran, an Oakland, California-based technology company that helps analysts replicate data into a cloud warehouse, raises $565 million in Series D.
The round was led by Andreesen Horowitz with participation from existing investors including General Catalyst, Matrix Partners, and CEAS, along with new investors D1 Capital Partners, Iconiq, and YC Continuity.
Company: Fivetran, Inc.
Round: Series D
Funding Month: September 2021
Lead Investors: Andreesen Horowitz
Additional Investors: General Catalyst, Matrix Partners, and CEAS, along with new investors D1 Capital Partners, Iconiq, and YC Continuity
Company Website: https://fivetran.com/
Software Category: Automated Data Integration
About the Company: Fivetran began with a realization: For modern companies using cloud-based software and storage, traditional ETL tools badly underperformed, and the complicated configurations they required often led to project failures. To streamline and accelerate analytics projects, Fivetran developed zero-configuration, zero-maintenance pipelines to deliver data into modern cloud warehouses. Established out of Y Combinator, part of a growing ecosystem of cloud companies that enable organizations to control their data without complex engineering. Fivetran now serves thousands of customers and hundreds of leading brands across the globe, including ASICS, Autodesk, BJ’s Restaurants, Conagra Brands, DocuSign, Forever21, Lionsgate, Square, Strava, Urban Outfitters, and Ziff Davis.