Spreadsheet Maker Airtable Taps Funds at $2.5 Billion Value (1)

Spreadsheet startup Airtable has closed a round of funding that values the company at $2.5 billion.

The $185 million new investment was led by Thrive Capital. Existing investors, including Benchmark and Coatue Management, also participated. The round more than doubles the $1.1 billion valuation Airtable had in 2018. Airtable has raised more than $350 million to date, said a company spokesperson.

Airtable, which is formally known as Formagrid Inc., competes with Google Sheets and Microsoft Excel. It doesn’t have the number-crunching functionality of Excel, but instead aims to offer a more user-friendly design suitable for consumers or businesses. ...