San Francisco, CA ; 03/05/2020
Amount Funded: $23.5 Million
Type: Series A
Lead Investor: Bain Capital Ventures
Participating Investor(s): First Round Capital, Box Group, Webb Investment Network, Frederic Kerrest, Ron Gill
Total Funding to Date: $30.8 Million
Company Description: Airbase is the first all-in-one spend management platform built for today’s growing companies. Airbase combines expense approvals, physical and virtual cards, bill payments, reporting, and accounting automation into a single platform that employees love using. Fast-growing companies including Front, Gusto, Doximity, Segment, and Getaround use Airbase to get full control and visibility into their spending, automate accounting processes, and make purchasing painless for employees.
What funding will be used for: Boost staffing, invest in product development, open NYC office.
“Companies see the value in streamlining spend management in one place, so Airbase is adding customers quickly. When trusted investors approached us with the possibility of raising more funding, we decided to accelerate our plans and invest significantly in growth. We’re thrilled to announce support from Bain Capital Ventures, welcoming to our board Partner Ajay Agarwal, who brings deep expertise in the enterprise software and fintech domains.”
-Thejo Kote, founder/CEO, Airbase
- Ajay Agarwal, Bain Capital Ventures Partner, will join Airbase’s board of directors.
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