# Fivetran funding: rounds and investors

> Fivetran has raised $184M across 3 rounds since 2018. Investors include Andreessen Horowitz, Matrix Partners and Y Combinator. Every round with its source.

Source: https://millionrounds.com/company/fivetran (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Fivetran*

3 rounds we have observed, with the 6 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Big Data & Analytics

Valuation: $5.6B, Mar 2026 Y Combinator: W13

Funding summary Updated 26 Oct 2026

**$184M** raised across 3 rounds since 2018, from 3 sources

**$15M** Series A **$44M** Series B **$125M** Debt

- **Latest round:** Debt, $125M May 2023
- **Step-up i:** 2.8×
- **Investors:** 6 (2 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019 2020 2021 2022 2023

**$15M** Series A

**$44M** Series B

**$125M** Debt

- **First round:** Series A, $15M
- **Biggest round:** $125M
- **Usual gap between rounds:** 3.6 years

[**Fivetran** Data/analytics 1 / 13 Their pitch deck **Fivetran's pitch deck, 13 slides** Each slide read for what it argues, against the decks that raised at the same stage.](https://millionrounds.com/decks/fivetran)

## The rounds

- **May 2023** Debt **$125M** *3 new* *1 returning* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [General Catalyst](https://millionrounds.com/fund/general-catalyst) [ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital-2) Source recorded
- **Sept 2019** Series B **$44M** *2 new* *1 returning* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) Lead [Matrix Partners](https://millionrounds.com/fund/matrix-partners) [CEAS Investments](https://millionrounds.com/fund/ceas-investments) Reported by FinSMEs
- **Dec 2018** Series A **$15M** *1 new* [Matrix Partners](https://millionrounds.com/fund/matrix-partners) Lead Reported by TechCrunch

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series A** 2018 **Series B** 2019 **Debt** 2023 [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) L [Matrix Partners](https://millionrounds.com/fund/matrix-partners) L [Y Combinator](https://millionrounds.com/fund/y-combinator) [General Catalyst](https://millionrounds.com/fund/general-catalyst) [ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital-2) [CEAS Investments](https://millionrounds.com/fund/ceas-investments)

## Everyone who backed them

[Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) VC firm **2** rounds, led 1

[Matrix Partners](https://millionrounds.com/fund/matrix-partners) VC firm **2** rounds, led 1

[Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **1** round

[General Catalyst](https://millionrounds.com/fund/general-catalyst) VC firm **1** round

[ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital-2) Family office **1** round

[CEAS Investments](https://millionrounds.com/fund/ceas-investments) Family office **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=fivetran).

## Also claim to have backed them

These 5 firms list Fivetran as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Iconiq Capital](https://millionrounds.com/fund/iconiq-capital-3) Growth equity Per its own site

[ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital) Family office Per its own site

[Garage Capital](https://millionrounds.com/fund/garage-capital) VC firm Per its own site

[Conduit](https://millionrounds.com/fund/conduit) Accelerator Per its own site

[Octave Fund](https://millionrounds.com/fund/octave-3) VC firm Per its own site

## Quick answers about Fivetran

### Who invested in Fivetran?

Fivetran's investors include Andreessen Horowitz, Matrix Partners, Y Combinator, General Catalyst and ICONIQ Capital, and 1 more on record.

### How much has Fivetran raised?

Fivetran has raised $184M across 3 rounds since 2018.

### When did Fivetran last raise?

Fivetran's most recent round was a Debt of $125M in May 2023.

### What was Fivetran's biggest round?

Its most recent round, $125M in May 2023, is also its largest on record.

### Who backed Fivetran first?

Fivetran's first round on record, in Dec 2018, was backed by Matrix Partners.

### What stage is Fivetran at?

Fivetran's latest named round is a Debt, in May 2023.

### Where is Fivetran based?

Fivetran is based in the United States.

### Who led Fivetran's rounds?

Matrix Partners led the Series A in 2018; Andreessen Horowitz led the Series B in 2019.

## Companies like Fivetran

In the same sector, and raised in the last eighteen months.

[**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Xona** $512M · Oct 2026](https://millionrounds.com/company/xona)[**DrizzleX** $9.1M · Oct 2026](https://millionrounds.com/company/drizzlex)[**Prism Data** $25M · Oct 2026](https://millionrounds.com/company/prism-data)[**Homa** $5.0M · Oct 2026](https://millionrounds.com/company/homa)

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