Airtable

Airtable is a cloud platform that combines the interface of a spreadsheet with the structure of a relational database, letting teams build apps, workflows and, more recently, AI agents without writing code. It was founded in San Francisco by Howie Liu, Andrew Ofstad and Emmett Nicholas. The company says more than 500,000 organizations use the product, including 80 percent of the Fortune 100.

In February 2015 Airtable raised $3 million from Caffeinated Capital, Freestyle Capital, Data Collective and CrunchFund, followed in mid 2015 by $7.6 million from CRV and Ashton Kutcher. It raised a $52 million Series B in March 2018 and a $100 million Series C in November 2018 at a $1.1 billion valuation, co led by Thrive Capital, Benchmark and Coatue with CRV and Caffeinated returning. Thrive led a $185 million Series D in September 2020 at a $2.585 billion post money valuation, with D1 Capital joining. Greenoaks Capital led a $270 million Series E in March 2021 at $5.77 billion, with WndrCo, Caffeinated, CRV and Thrive. In December 2021 XN led a $735 million Series F at an $11 billion valuation, with Franklin Templeton, Salesforce Ventures and MSD Capital as new investors. Airtable reports $1.36 billion in total funding.

After 2021 Airtable cut about one fifth of its staff in December 2022 and another 237 employees in September 2023. TechCrunch reported in January 2026 that its shares were trading on secondary markets at about $4 billion. In August 2026 Bending Spoons agreed to buy the company for $1.28 billion in cash, which Bending Spoons said implied a value of about $2.25 billion including Airtable's net cash. Bending Spoons said Airtable's annual recurring revenue was about $480 million as of June 2026, growing more than 20 percent a year. Airtable announced on September 4, 2026 that it was part of Bending Spoons.

Airtable shows how far a late stage private valuation can fall. Seed and Series A investors such as Caffeinated Capital, Freestyle Capital and CRV entered in 2015 rounds of $3 million and $7.6 million, years before the company's first $1.1 billion valuation, so the exit price sits far above their entry. The Series E and Series F investors who paid $5.77 billion and $11 billion post money valuations face a sale at roughly $2.25 billion of enterprise value about five years later, which is why the deal reads as a buyout of a company that had outgrown its last price.