The Deck We Used to Raise our $150M Series-B | Airbyte | Airbyte
In February 2021, we closed our $5.2M seed round with Accel. Three months later, we announced our $26M Series-A round with Benchmark. And in mid-December of that same year, our $150M Series-B led by Altimeter and Coatue was also announced for a valuation at $1.5B. Having 3 rounds of funding in the same year is definitely not common, and can trigger different types of reactions, such as TechCrunch’s “infinite revenues multiple” article.
In this article, we want to tell you why and how we raised the Series-B. As for the last few times when we shared our Seed deck and our Series-A deck, we will also share the deck we used for the Series-B in this article and how we pitched it. We hope this will give you some insight about Airbyte’s vision and the fundraising process, even though our case might be unique.
Our initial plan was to raise the Series-B at the end of 2022. But we decided to test the waters in November of this year. Our thinking was that if we could get the Series-B now under the same conditions with the partners we would ideally seek next year, then we would do it now. Why?
