What a difference three years makes for Airtable.
Back in November 2018, Fast business reported on how the workplace collaboration platform entered unicorn territory with a $ 100 million funding round that earned it a valuation of $ 1.1 billion.
Today, Airtable is worth 10 times that amount, thanks to $ 735 million in new funding led by XN, with Franklin Templeton, JP Morgan Growth Equity Partners, Michael Dell’s MSD Capital, Salesforce Ventures and Silver Lake. Funds advised by T. Rowe Price Associates have also joined the round, according to Airtable.
The new funding gives the San Francisco-based company a “pre-currency” valuation of $ 11 billion. This figure would increase it considerably on the list of most valuable in the world startups.
Airtable’s collaboration tools have become more useful as they have moved from a hybrid spreadsheet and database to a customizable “low code” software platform for creative workspaces.
Despite its rapid growth and increasing IPO speculation, the company does not seem in a rush to go public. Contacted for comment on Monday, a spokesperson for Airtable said “no official timetable has been set.” A year ago CEO Howie Liu told me basically the same thing, saying the company was focused on “furious innovation” and the IPO was “not a priority.”
On the contrary, the new funding announced this week could give Airtable a break to continue to take its time.