Airbyte Valuation, Funding & Investors

Airbyte is valued at $1.5B as of December 2021.

Last Airbyte valuation

$1.5B

Series B · Dec 2021

Last Airbyte funding round

$150M

Series B · Dec 2021

Cumulative funding Airbyte raised

$181M

across 3 funding rounds

Key investors in Airbyte

  • Accel
  • Y Combinator
  • SV Angel
  • 8VC
  • Benchmark
  • Auren Hoffman

Airbyte Overview

About Airbyte

Airbyte is an open-source data integration platform syncing sources to warehouses like Snowflake, BigQuery, and Redshift. Headquartered in San Francisco with offices in Paris, the company offers over 300 pre-built connectors for APIs, databases, and SaaS apps including Salesforce and Stripe. Airbyte supports ELT pipelines with custom connector development via low-code tools.


Founded

2020

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$1.5B (Dec 2021)

Airbyte Valuation

Airbyte is currently valued at $1.5B, based on its Series B in December 2021.

The $150M round was led by Altimeter Capital and Coatue, with participation from Salesforce Ventures, SV Angel, Benchmark, Thrive Capital and Accel.

Airbyte's valuation has moved from $1.5B at its seed round in March 2021 to $1.5B in December 2021, across 2 priced rounds.

Airbyte valuation by funding round

Airbyte valuation by funding round
DateStageValuation
Dec 2021Series B$1.5B
Mar 2021Seed$1.5B

Airbyte Funding History

Airbyte has raised a total of $181M across 3 funding rounds.

Airbyte's first fundraising round was a $5M seed round in March 2021. The most recent completed round was a $150M Series B in December 2021.

Airbyte funding rounds

Airbyte funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2021Series BAltimeter Capital (lead); Coatue (lead); Salesforce Ventures; SV Angel; Benchmark; Thrive Capital; Accel$150M$1.5BAirbyte is an open-source data integration platform that syncs data from applications, APIs, and databases to data warehouses, offering a free open-source product alongside a paid enterprise version with features like SSO and hosting. On December 17, 2021, the company closed a $150 million Series B funding round led by Altimeter Capital and Coatue, with participation from Accel, Benchmark, Salesforce Ventures, SV Angel, Thrive Capital, and others, bringing total funding to approximately $181 million across five rounds. The round valued Airbyte at a post-money valuation of $1.5 billion. At the time of the Series B, Airbyte's annual recurring revenue (ARR) was less than $1 million, reportedly even slightly under that figure, resulting in an extraordinary revenue multiple exceeding 1,500x and described as effectively infinite in the context of 2021 venture capital trends. This funding followed a seed round in early 2021 and a Series A in May 2021, where the company had already raised over $30 million that year. The low revenue base highlighted the high-growth potential bet by investors on Airbyte's open-source model in the data integration space. Airbyte competes with companies like Fivetran, which had significantly higher revenue and valuation at the time. The Series B was positioned as a flex of venture capital dynamics in late 2021, where valuations decoupled from revenue benchmarks, contrasting with prior norms like needing $1 million ARR for Series A.
May 2021Series ABenchmark (lead); Eric Chernoff; SV Angel; Y Combinator; 8VC; Auren Hoffman; Dev Ittycheria; Shay Banon; Flex Capital; Accel; Astasia Myers; Duro Ventures$26M-Airbyte is an open-source data integration platform that simplifies the extraction, loading, and transfer of data across multiple sources and APIs to data warehouses. The company announced its $26 million Series A in May 2021, just months after completing a $5.2 million seed round, demonstrating rapid investor interest in the data integration space. The round was led by Benchmark, with participation from Accel and SV Angel. Benchmark partner Tim Kopp explained the investment decision by noting he observed significant developer activity in the Airbyte community in a remarkably short time, with the platform becoming the de facto standard for data integration among developers. The company had doubled its headcount to 14 employees by the time of the Series A and had already released its Connected Development Kit (CDK), enabling developers to build custom connectors in two hours instead of two to three days. Community contributors had already built approximately 20% of the platform's 70 connectors, with founders expecting this percentage to increase.
Mar 2021SeedAccel (lead); Ryan Merket; Y Combinator; 8VC; Auren Hoffman; Alain Rossmann; Travis May; Charles Zedlewski; Geek Ventures; Guillaume "G" Cabane; overtime.vc; Calvin French-Owen$5M$1.5BAirbyte is an open-source data integration platform that syncs data from applications, APIs, and databases to data warehouses. It offers a free open-source product alongside a paid enterprise version with features like SSO and hosting. Airbyte raised a $150 million Series B round on December 14, 2021, at a $1.5 billion post-money valuation led by Accel, following earlier seed and Series A rounds totaling over $30 million earlier that year. The round reflected high investor enthusiasm for Airbyte's open-source model and rapid traction despite minimal revenue. At the time of the Series B, Airbyte reported less than $1 million in annual recurring revenue (ARR), resulting in a headline revenue multiple exceeding 1,500x. This positioned Airbyte as an extreme example of 2021's venture market dynamics, where valuations decoupled from current revenue in favor of growth potential and community metrics.

Who has invested in Airbyte?

24 investors have backed Airbyte across its funding rounds, including Accel, Y Combinator, SV Angel, 8VC, Benchmark and Auren Hoffman.

Lead investors include Altimeter Capital, Coatue, Benchmark and Accel.


Airbyte Investors

Investors in Airbyte by funding rounds participated
InvestorHQRoundsRoleFirst check
AccelUnited StatesPalo Alto, CA3LeadMar 2021
SV AngelUnited StatesSan Francisco, CA2ParticipantMay 2021
Y CombinatorUnited StatesSan Francisco, CA2ParticipantMar 2021
8VCUnited StatesSan Francisco, CA2ParticipantMar 2021
Auren HoffmanUnited StatesSan Francisco, CA2ParticipantMar 2021
BenchmarkUnited StatesSan Francisco, CA2LeadMay 2021
Ryan MerketUnited StatesAustin, TX1ParticipantMar 2021
Eric ChernoffUnited StatesSan Francisco, CA1ParticipantMay 2021
Salesforce VenturesUnited StatesSan Francisco, CA1ParticipantDec 2021
Dev IttycheriaUnited StatesNew York City, NY1ParticipantMay 2021
Alain RossmannUnited StatesSan Francisco, CA1ParticipantMar 2021
Altimeter CapitalUnited StatesSan Francisco, CA1LeadDec 2021
Travis MayUnited StatesSan Francisco, CA1ParticipantMar 2021

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Airbyte

Airbyte has acquired 1 company to date.

Last acquisition by Airbyte was on April 7th 2022. Airbyte acquired Grouparoo for undisclosed valuation.


Latest Acquisitions by Airbyte

Grouparoo
Description
Grouparoo is an open-source customer data platform that synchronizes information from data warehouses to third-party tools like marketing automation and analytics services. The framework supports integrations with Segment, Snowflake, and PostgreSQL, enabling real-time profile updates without custom ETL pipelines. Developers deploy it on-premises or in the cloud, handling compliance with GDPR and CCPA through self-hosted control. Grouparoo powers data activation for e-commerce and SaaS companies worldwide.
HQ CountryUnited States
HQ City
San Francisco, CA
Deal Date7 Apr 2022
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Airbyte Competitors

Airbyte competitors include listed companies like Infomart and GigaCloud Technology, and private ones like Matillion, ElasticRun, Olist and Route.

Public and private companies comparable to Airbyte
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
MatillionUnited KingdomManchesterPrivate--$1.5B-
ElasticRunIndiaPunePrivate--$1.5B-
OlistBrazilCuritibaPrivate--$1.5B-
RouteUnited StatesSalt Lake City, UTPrivate--$1.4B-
InfomartJapanJapanPublicly listed$121M$31M$1.2B8.6x
GigaCloud TechnologyUnited StatesUnited StatesPublicly listed$1.3B$158M$1.9B1.4x
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
TRS Information Technology$76M($20M)19.3x19.7x(73.5x)478.8x
Infomart$121M$31M9.3x8.6x35.9x31.7x
Transwarp$67M($31M)27.5x28.0x(59.8x)-
GigaCloud Technology$1.3B$158M1.6x1.4x12.8x10.6x
Business-intelligence$389M$54M6.6x5.9x47.7x-
GuoChuang Software$220M($17M)4.8x-(60.4x)-
e-Hualu$69M($310M)24.1x-(5.4x)-
New Trend International Logis-Tech$352M$42M1.4x-11.9x-

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Common questions about Airbyte

When was Airbyte founded?Airbyte was founded in 2020.
Where is Airbyte headquartered?Airbyte is headquartered in San Francisco, CA, United States.
Is Airbyte publicly listed?No, Airbyte is a private, VC-backed company.
What is Airbyte's valuation?Airbyte was last valued at $1.5B in its Series B in December 2021.
How much funding has Airbyte raised?Airbyte has raised $181M across 3 funding rounds.
What was Airbyte's last funding round?Airbyte's last funding round was a $150M Series B in December 2021, led by Altimeter Capital and Coatue.
Who are Airbyte's investors?Airbyte's investors include Accel, SV Angel, Y Combinator, 8VC, Auren Hoffman, Benchmark, Ryan Merket, Eric Chernoff, Salesforce Ventures, Dev Ittycheria and 14 others.
Which companies are comparable to Airbyte?Companies comparable to Airbyte include Matillion, ElasticRun, Olist, Route, Infomart and GigaCloud Technology.
How many companies has Airbyte acquired?Airbyte has acquired 1 company, including Grouparoo.

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