UPDATED 21:36 EDT / NOVEMBER 15 2018

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Enterprise productivity software startup Airtable raises $100M on a $1.1B valuation

Enterprise productivity software startup Airtable today said it has raised $100 million in new funding on a valuation of $1.1 billion to hire more people and expand into international markets.

The Series C round was led by Thrive Capital, Benchmark and Coatue Management and included CRV, Caffeinated Capital and a number of individual investors.

Founded in 2012, Airtable offers business productivity software that combines spreadsheets with databases for the organization of business workflows and operations. The software, with an interface similar to a spreadsheet, can be used in a wide variety of scenarios ranging from simple shopping lists through to more complex uses such as customer relationship management.

Along with its core software, Airtable also offers complementary services such as “SMS Block” that allows users to send text messages to people listed in a database and “Cloud Vision Block,” which could be used by the organizers of a festival to create a dynamic lost-and-found system.

Airtable says it offers more than 27 blocks that can be mixed and matched to make a limitless number of business applications. “Custom apps that would have, in the past, cost hundreds of thousands of dollars to create, and taken months to build by a team of software engineers, can now be made in a matter of days by the users themselves,” Howie Liu, co-founder and chief executive officer of Airtable, said in March.

According to TechCrunch, Airtable has 80,000 customers, up from 30,000 customers in March. Including the new round, it has raised $162.2 million to date.

Image: Airtable

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