Airtable eyes $5 bln valuation in new funding round -sources

Benchmark Electronics

12/03/2021 15:57

By Joshua Franklin and Anirban Sen
    March 12 (Reuters) - Airtable, the U.S. cloud collaboration
start-up whose backers include actor Ashton Kutcher and venture
capital firm Benchmark, is in talks with investors to raise more
than $200 million at a roughly $5 billion valuation, people
familiar with the matter said.
    Such a valuation would almost double the $2.6 billion the
San Francisco-based company was worth in a funding round
announced in September, underscoring the growth in its business
during a period of widespread work-from-home during the
pandemic. 
    The sources requested anonymity as the matter is private.
Airtable, which is formally know as Formagrid Inc, declined to
comment. 
    Airtable was founded in 2012 and sells spreadsheet-like
software in competition with the likes of Microsoft Excel. More
than 200,000 companies use Airtable's platform, including
Netflix Inc  NFLX.O , Expedia Group Inc  EXPE.O  and Shopify Inc
 SHOP.TO  SHOP.N , according to its website. 
    The company has raised $355 million from investors including
D1 Capital Partners, Coatue Management and Thrive Capital. 
    

 (Reporting by Joshua Franklin in Boston and Anirban Sen in
Bangalore
Editing by Nick Zieminski)
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