Fivetran hauls in $565M on $5.6B valuation, acquires competitor HVR for $700M

Fivetran, the data connectivity startup, had a big day today. For starters it announced a $565 million investment on $5.6 billion valuation, but it didn’t stop there. It also announced its second acquisition this year, snagging HVR, a data integration competitor that had raised over $50M, for $700 million in cash and stock.

The company last raised a $100 million Series C on a $1.2 billion valuation, increasing the valuation by over 5x. As with that Series C, Andreessen Horowitz was back leading the round with participation from other double dippers General Catalyst, CEAS Investments, Matrix Partners and other unnamed firms or individuals. New investors ICONIQ Capital, D1 Capital

→ Continue reading at TechCrunch

More from author

Related posts

Advertisment

Latest posts

Elon Musk’s exit from California can save him $2 billion in taxes

“I am selling almost all physical possessions. Will own no house.”By Elon Musk’s standards, his May 2020 tweet wasn’t all that weird. “Possessions kind of weigh...

Making up for lost time, cargo ships are skipping Oakland and returning straight to Asia

By Augusta Saraiva | BloombergFollowing long delays at southern California’s logjammed ports, cargo ships are bypassing the Port of Oakland and heading directly back...

3 Google workers sue over firings stemming from Trump administration border project

By Joe Schneider | Bloomberg Three former Google employees sued the technology giant claiming they were wrongfully fired for challenging a plan to collaborate...