About HVR
HVR is a developer of real-time data replication and integration software for enterprise environments. The platform connects sources like Oracle, SAP, SQL Server to targets including AWS, Snowflake, and Azure Synapse, enabling continuous data pipelines for analytics and cloud migration. Acquired by Fivetran in 2023, it serves global clients from its Alpharetta, Georgia headquarters.
Founded
2012
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Valuation
$700M (acquired Sep 2021)
HVR Acquisition
HVR was acquired by Fivetran for $700M on 20 September 2021.
Before the acquisition HVR had raised $51M across 1 funding round.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 20 Sep 2021 | Strategic M&A | $700M |
HVR Funding History
HVR has raised a total of $51M across 1 funding round.
HVR funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Feb 2019 | Undisclosed stage | Level Equity Management (lead) | $51M | HVR is a data integration software company that received a $51 million majority recapitalization from Level Equity on February 26, 2019. Level Equity partnered with HVR's CEO Anthony Brooks-William for this Series A investment, marking one of several equity investments by the firm that year. The capital supported significant expansion, including growing the go-to-market team by over 3x in 2.5 years and building a partner ecosystem that generated over 50% of revenue. Post-investment, HVR enhanced its operations by hiring an experienced COO, SVP of Global Operations, and a CFO who rebuilt financial infrastructure, scaled HR globally, and secured a credit facility for non-dilutive growth capital. These efforts contributed to robust scaling ahead of its exit. In September 2021, HVR was acquired by Fivetran for $700 million in cash and stock, with Level Equity retaining a significant shareholder position in the combined entity. This exit coincided with Fivetran's $5.6 billion valuation funding round led by Andreessen Horowitz. The acquisition followed an orchestrated process with multiple competitive offers, demonstrating strong value creation from the 2019 investment. Level Equity, a growth equity firm, has a track record of investing in technology companies, with HVR listed among its 2019 portfolio additions alongside others like Lock8 and PlanetDDS. The firm manages billions across multiple funds, focusing on core growth equity, opportunistic growth, and structured capital solutions. |
Who has invested in HVR?
1 investor has backed HVR across its funding rounds, including Level Equity Management.
Lead investors include Level Equity Management.
HVR Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 HVR 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 TrialHVR Competitors
HVR competitors include listed companies like BTQ Technologies and TRS Information Technology, and private ones like Exodigo, XSKY Data Technology, Atlan and Pinecone.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $25M | - | $700M | 28.0x | ||
| Private | - | - | $675M | - | ||
| Private | $10M | - | $750M | 75.0x | ||
| Private | - | - | $750M | - | ||
| Publicly listed | $226K | ($18M) | $395M | 266.9x | ||
| Publicly listed | $76M | ($20M) | $1.7B | 19.7x |
HVR Public Comps
HVR is no longer listed, but its public comps include e-Hualu, BTQ Technologies, Zhongfu Information, Datavault AI, Asteria, Airship AI, AgEagle Aerial Sys, Exasol, Celebrus and TRS Information Technology.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $69M | ($310M) | 24.1x | - | (5.4x) | - | |||
| $226K | ($18M) | 1720.6x | 266.9x | (21.8x) | - | |||
| $108M | $1M | 3.4x | 2.7x | 359.0x | - | |||
| $39M | ($49M) | 4.1x | 1.1x | (3.3x) | (7.9x) | |||
| $22M | $9M | 4.7x | 4.8x | 11.8x | - | |||
| $15M | ($5M) | 3.6x | 3.6x | (10.7x) | (9.9x) | |||
| $13M | ($4M) | 3.6x | - | (10.3x) | - | |||
| $48M | $5M | 0.6x | 0.7x | 6.6x | 7.5x | |||
This data is available for Pro users. Sign up to see all HVR competitors and their valuation data. Start Free Trial | ||||||||
Common questions about HVR
| When was HVR founded? | HVR was founded in 2012. |
| Where is HVR headquartered? | HVR is headquartered in San Francisco, CA, United States. |
| Is HVR publicly listed? | No, HVR was acquired by Fivetran in September 2021. |
| Who acquired HVR? | HVR was acquired by Fivetran in September 2021. |
| How much was HVR acquired for? | HVR was acquired for $700M in September 2021. |
| How much funding has HVR raised? | HVR has raised $51M across 1 funding round. |
| What was HVR's last funding round? | HVR's last funding round was a $51M undisclosed-stage round in February 2019, led by Level Equity Management. |
| Who are HVR's investors? | HVR's investors include Level Equity Management. |
| Which companies are comparable to HVR? | Companies comparable to HVR include Exodigo, XSKY Data Technology, Atlan, Pinecone, BTQ Technologies and TRS Information Technology. |
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