Airtable is now valued at $5.77B with a fresh $270 million in Series E funding – TechCrunch

CarminativeThe no-code relational database that has amassed a subscriber base spanning 250,000 different organizations has today announced close to $ 270 million in Series E funding. This valuation is more than $ 5.77 billion, more than doubling its valuation since September.

The latest round was led by Greenox Capital, with participation from Vanderco as well as existing investors Caffeinated Capital, CRV and Throw.

The company says it plans to accelerate the development of its enterprise product and use the funds for team development. Also of note: founder and CEO Howie Liu pointed out Forbes He was approached by Greenox, rather than actively seeking funds.

Airtable is a relational database that many describe as a smoked up version of Excel or Google Sheets. Being such, and on top of that having the infrastructure to support an application ecosystem means that this no-code tool can actually be used to write software. In other words, the use cases are almost infinite, and therefore have a potential customer base.

Greenox Capital partner Neil Mehta originally said in the press release:

We believe that Airteb is pursuing a huge opportunity to become a ‘residual’ software platform for every Bespoke and custom use case that is either done manually today or structurally by hardened third-party software Is underlined by By equipping business users with the basic software primitives that can be assembled together in powerful business applications, Airbnb has become central to the everyday workflows of its users, but at the same time it is scalable and extensible to allow stamps, content It is sufficient to support incredibly complex enterprise use cases such as management. And CRM.

Airteb has raised a total of $ 617 million since inception. Crunchbase.

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