Airtable, the connected apps platform that enables teams to modernize their business processes, has announced a new round of investment that will dramatically strengthen its focus on product development, customer growth, and support for enterprise teams across multiple industries. The US$735 million in new funding brings Airtable’s total investment to date to US$1.36 billion and values the company at US$11 billion (pre-money). This Series F round includes participation from respected public market and private investment firms: XN, which led the round, Franklin Templeton, J.P. Morgan Growth Equity Partners, Michael Dell’s MSD Capital, Salesforce Ventures, Silver Lake, and funds and accounts advised by T. Rowe Price Associates, Inc. Existing Airtable investors including Benchmark, Caffeinated Capital, Coatue, D1 Capital Partners, Greenoaks, ICONIQ Growth, and Thrive Capital also participated in the round.
Latham & Watkins LLP represented Airtable in the transaction with a corporate team led by Bay Area partners Rick Kline and Sarah Axtell, with associates Ajay Sundar and Raul Gonzalez.