airtable 270m series greenoaks capital 185m

Airtable Secures $270M Series Funding from Greenoaks Capital

In a recent development, Airtable has secured a significant $270 million series funding round led by Greenoaks Capital, with participation from SoftBank Investment Advisers, Sequoia Capital India, and DST Global. This latest investment brings the company's total valuation to an impressive $1.85 billion.

Greenoaks Capital has been a meaningful sponsor for Airtable's growth, having invested in the company alongside other prominent investors such as Spark Capital, GV, and Sequoia Capital India. Typically, Greenoaks Capital invests in rounds with 6-7 participants, making it one of the most active venture capital firms in the industry.

The fund has a history of backing successful startups, with an impressive exit rate that is 32 percentage points higher than other companies. In fact, the increased number of exits for Airtable can be attributed to Greenoaks Capital's focus on fostering growth and providing strategic support to its portfolio companies.

Airtable's partnership with Greenoaks Capital has led to significant deals, with the company's average startup value exceeding $1 billion. The fund's investment strategy often involves backing mature startups that have reached a certain level of maturity, typically between 2-3 years old.

Some notable public portfolio companies of Greenoaks Capital include Flipkart, Coupang, and Robinhood. The firm has also demonstrated its focus on specific industries, such as Financial Services and Health Care. Interestingly, the majority of Greenoaks Capital's investments are made in the United States, mirroring the country where the fund was founded.

In contrast to other venture capital firms, Greenoaks Capital does not have a preference for the number of founders in its portfolio companies. Instead, it looks for startups with strong potential and a clear vision for growth.

With this latest funding round, Airtable is poised to continue its rapid expansion and innovation. The company's partnership with Greenoaks Capital will undoubtedly play a crucial role in driving its future success.

Airtable 270m series greenoaks capital 185m