What is Airbase?
Airbase operates as a comprehensive spend management platform designed to streamline the entire lifecycle of corporate spending. By integrating procurement, expense management, and accounts payable automation, the platform provides organizations with real-time visibility into their financial health. Its architecture is specifically engineered to handle the complexities of modern business, offering configurable intake and approval workflows that ensure compliance and operational efficiency. By syncing seamlessly with general ledgers, Airbase facilitates faster financial closes and provides stakeholders with the granular data necessary for informed decision-making, effectively replacing fragmented legacy systems with a centralized, automated solution.
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 Ron Gill, Win Web Investment Network, Bain Capital LP, and Frederic Kerrest
Series B (2021): $60M led by Quiet Capital, First Round Capital, Bain Capital, Menlo Ventures, and Craft Ventures
Debt (2022): $150M supported by Goldman Sachs
Key Investors in Airbase
Goldman Sachs
Goldman Sachs is a leading global investment banking and management firm providing comprehensive financial services, including strategic advisory and capital solutions for large-scale corporate growth.
Bain Capital
Bain Capital is a global private investment firm that leverages deep sector expertise and a broad platform to provide flexible capital solutions and strategic value-add services to growing businesses.
Menlo Ventures
Menlo Ventures is a Menlo Park-based firm that partners with founders to scale technology companies across sectors like fintech and enterprise software, often taking active board roles.
What's next for Airbase?
With the infusion of $150M, Airbase is well-positioned to accelerate its product roadmap and expand its market footprint. The company is expected to focus on deepening its enterprise-grade features, particularly in areas involving complex multi-entity accounting and advanced risk management. As the demand for automated financial operations continues to rise, Airbase's strategic focus will likely center on enhancing its integration capabilities and scaling its infrastructure to support larger, global organizations. By leveraging its robust capital position, the firm aims to solidify its status as the definitive operating system for corporate spend, driving further innovation in the B2B fintech landscape.
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