The Briefing: Fivetran Raises a16z-Led $565M, CARS24 Reaches $1.84B valuation, And More

Illustration of CB reporters working.

Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

Subscribe to the Crunchbase Daily

Fivetran raises $565M led by Andreessen Horowitz

Data integration platform Fivetran has raised a $565 million Series D led by Andreessen Horowitz valuing the company at $5.6 billion. Oakland-based Fivetran connects and syncs data from applications into a company’s data warehouse. Existing investors General Catalyst, CEAS Investments and Matrix Partners participated in the round with new investors ICONIQ Capital, D1 Capital Partners and YC Continuity.

Fivetran also announced that it has purchased real-time data integrator HVR for $700 million in a cash and stock transaction. 

— Gené Teare

India’s CARS24 raises $450M at $1.84B valuation

CARS24, an India-based e-commerce platform for used vehicles, announced it has raised $450 million in fresh funding at valuation of $1.84 billion.

The financing consists of $340 million in Series F equity and $110 million in debt.  DST Global, Falcon Edge and SoftBank Vision Fund 2 led the Series F equity round for the 6-year-old company.

—  Joanna Glasner

Airwallex closes on $200M valued at $4B

Melbourne-based Airwallex, a global payments company, has raised $200 million led by Lone Pine Capital, fast on the heels of a Series D extension earlier this year. Airwallex customers set up accounts to accept international payments in preferred currencies to reduce fees.

This brings its total funding to $702 million and values the company at $4 billion. New investors G Squared and Vetamer Capital joined the round as well as existing investors  1835i Ventures, DST Global, Salesforce Ventures 1 and Sequoia Capital China.

— Gené Teare


Heartcore closes $250M consumer fund: Heartcore, a Copenhagen-based venture fund that invests in consumer-focused startups in Europe, raised $250 million for its newest fund. The firm invests around the thesis of “making people happy” through tech-enabled consumer businesses. The fundraise consists of a $200 million Fund IV and a $50 million vehicle to make follow-on investments in existing portfolio companies.

—  Joanna Glasner


Flobiz raises $31M: India-based mobile billing startup Flobiz has closed on a $31 million Series B led by Sequoia Capital India and Think Investments. Flobiz helps small businesses with payments and inventory management and works online and offline. Its customers included wholesalers, manufacturers, retailers, distributors and merchants. Existing investors Elevation Capital and BEENEXT participated in the round as well as many angel investors

— Gené Teare


Altana AI snags $15M for supply chains: Altana AI, developer of an artificial intelligence-powered platform for navigating global supply chains, raised $15 million in a Series A funding led by Google‘s GV.

—  Joanna Glasner

Illustration: Dom Guzman

  1. Salesforce Ventures is an investor in Crunchbase. It has no say in our editorial process. For more, head here.

Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.



Find the right companies, identify the right contacts, and connect with decision-makers with an all-in-one prospecting solution.

Copy link