“The investment was predicated on now having the leadership to scale up our products, execute our growth strategies and ultimately beat the competition to aggressively take the market. "I don’t know if we could have raised this fundraising round if we hadn’t assembled this executive team,” says Liu. Toubassy was part of the new C-suite team of tech veterans that Liu recruited in 2020 to professionalize and grow Airtable. Katzenberg met Liu through his former Quibi CFO, Ambereen Toubassy, who now serves as Airtable's CFO. “Airtable allowed us to communicate and share in a way that I’ve never been able to do before.” (He jokes that he wishes he had a better example.) “We had hundreds of projects being shared across production, post-production, marketing, finance-every facet of the business,” says Katzenberg. Behind Airtable’s big funding rounds and valuation (270M at a 5.77B valuation as of their last raise in March 2021), celebrity backers (Ashton Kutcher was one of the first checks in) and proximity to hip productivity tools like Notion and Figma, the thing that is most surprising is that the business Airtable is building is actually boring. Greenoaks also backs Brex Inc., a seller of financial services to startups and a potential competitor to traditional banks. Katzenberg says Airtable was the foundation for the tech infrastructure for his short-lived media company Quibi. has closed a 270 million funding round at a hefty 5. Greenoaks, which has 15 billion under management, is an investor in companies including design software maker Figma Inc., which agreed to sell itself to Adobe Inc., and app-development platform Airtable. In the world of make you smarter, make you faster and save you money-it's the trifecta.” “It’s an incredibly powerful and empowering collaboration platform. “Airtable’s ability, in a customized way, to connect everything and everyone in an organization is transformative,” says Katzenberg. Airtable has raised 185 million in a round led by Thrive Capital, with participation from investors including Benchmark, Coatue and CRV.The funding values the San Francisco-based company at 2.58 billion. Jeffrey Katzenberg, the famed Hollywood executive, was an Airtable fan before he was an Airtable investor. He says it's typical to have one department, say marketing or accounting, start using Airtable and soon the entire company will adopt the software. Mehta says he is also impressed by how Airtable quickly spreads throughout companies by word of mouth without spending much effort or money on sales. “Its software can penetrate an infinite number of use cases across the modern workforce.” “Airtable represents a fundamental shift in how software can be used and created,” says Neil Mehta, the founder of Greenoaks Capital (and Forbes Under 30 alum) who initiated the Series E round.
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