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- Airbyte
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Dec 2021 | Series B | $1.5B |
| Mar 2021 | Seed | $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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2021 | Series B | Altimeter Capital (lead); Coatue (lead); Salesforce Ventures; SV Angel; Benchmark; Thrive Capital; Accel | $150M | $1.5B | Airbyte 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 2021 | Series A | Benchmark (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 2021 | Seed | Accel (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 | $1.5B | Airbyte 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Mar 2021 | ||
| 2 | Participant | May 2021 | ||
| 2 | Participant | Mar 2021 | ||
| 2 | Participant | Mar 2021 | ||
| 2 | Participant | Mar 2021 | ||
| 2 | Lead | May 2021 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | May 2021 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | May 2021 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Lead | Dec 2021 | ||
| 1 | Participant | Mar 2021 | ||
This data is available for Pro users. Sign up to see all 24 Airbyte investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions 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
| 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 Country | |
| HQ City | San Francisco, CA |
| Deal Date | 7 Apr 2022 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Airbyte acquisitions and their M&A valuation multiples. Start Free Trial | |
Airbyte Competitors
Airbyte competitors include listed companies like Infomart and GigaCloud Technology, and private ones like Matillion, ElasticRun, Olist and Route.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.5B | - | ||
| Private | - | - | $1.5B | - | ||
| Private | - | - | $1.5B | - | ||
| Private | - | - | $1.4B | - | ||
| Publicly listed | $121M | $31M | $1.2B | 8.6x | ||
| Publicly listed | $1.3B | $158M | $1.9B | 1.4x |
Airbyte Public Comps
Airbyte is still privately-owned, but its public comps include TRS Information Technology, Infomart, Transwarp, GigaCloud Technology, Business-intelligence, GuoChuang Software, e-Hualu, New Trend International Logis-Tech, Xiamen Xiangyu Co and Huitongda Network.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $76M | ($20M) | 19.3x | 19.7x | (73.5x) | 478.8x | |||
| $121M | $31M | 9.3x | 8.6x | 35.9x | 31.7x | |||
| $67M | ($31M) | 27.5x | 28.0x | (59.8x) | - | |||
| $1.3B | $158M | 1.6x | 1.4x | 12.8x | 10.6x | |||
| $389M | $54M | 6.6x | 5.9x | 47.7x | - | |||
| $220M | ($17M) | 4.8x | - | (60.4x) | - | |||
| $69M | ($310M) | 24.1x | - | (5.4x) | - | |||
| $352M | $42M | 1.4x | - | 11.9x | - | |||
This data is available for Pro users. Sign up to see all Airbyte competitors and their valuation data. Start Free Trial | ||||||||
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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