What is Airbase?
Airbase operates as a leading modern spend management platform, streamlining procurement processes from initial request through payment and reconciliation. The company's comprehensive solution automates accounts payable, manages expenses, and issues corporate cards, thereby enhancing efficiency, reducing costs, and mitigating risks for businesses. Airbase is designed to accommodate complex financial operations, including multi-subsidiary structures and purchase order matching, with configurable intake and approval workflows to ensure stakeholder oversight and compliance. Its seamless integration with general ledgers facilitates faster financial closes and provides clear visibility into organizational spending patterns.
How much funding has Airbase raised?
Airbase has raised a total of $233.5M across 3 funding rounds:
Series A
$23.5M
Series B
$60M
Debt
$150M
Series A (2020): $23.5M with participation from Frederic Kerrest, Ron Gill, Bain Capital LP, and Webb Investment Funding
Series B (2021): $60M led by Craft Ventures, Menlo Ventures, First Round Capital, Bain Capital, and Quiet Capital
Debt (2022): $150M supported by Goldman Sachs
Key Investors in Airbase
Craft Ventures
Craft Ventures is a venture firm focused on building great companies, particularly in the B2B technology sector. The firm is comprised of former founders and operators who provide valuable insights and access to senior talent for early-stage companies.
Menlo Ventures
Menlo Ventures is a Menlo Parkbased venture capital firm that raises dedicated funds and invests in early and growthstage technology companies across sectors such as enterprise software, consumer internet, fintech, infrastructure, and frontier tech, typically taking board roles and partnering with founders through multiple stages of scale.
First Round Capital
First Round is an early-stage venture capital firm that helps startups like Notion, Roblox, Uber, and Square tackle company building firsts. From tailored programs and a vibrant community, to custom-built software and content that serves up unique company building advice, the firm connects founders who are just getting started with the expertise and resources they need to make their first hires, build their first product and find their first customers.
What's next for Airbase?
The recent major strategic investment in Airbase signals a pivotal phase for the company, likely focused on scaling its operations, enhancing its technological capabilities, and expanding its market reach. This capital infusion is anticipated to bolster its competitive edge in the spend management arena, potentially leading to new product development and strategic partnerships. Airbase's continued growth suggests a strong market demand for integrated financial solutions that offer control, efficiency, and compliance for enterprise-level spend.
See full Airbase company page
