• Airtable, a no-code platform to build applications using spreadsheets, raised USD 735 million in Series F funding led by XN, with participation from Franklin Templeton, J.P. Morgan Growth Equity Partners, MSD Capital, Salesforce Ventures, Silver Lake, ICONIQ Growth, and Thrive Capital, among several others.

• This round brings Airtable’s total funding to USD 1.36 billion and gives the company a post-money valuation of USD 11.8 billion (more than twice its previous valuation of USD 5.8 billion in March).

• The funds will be used to invest in product development, customer growth, and increased support for enterprise teams across several industries.

• Although the company mentioned the possibility of an IPO at an opportune moment, it did not provide a specific timeline.

<ul><li>Analyst Quicktake : With this funding round Airtable becomes the highest funded private company in our no code coverage, as it goes past email and SMS-based marketing platform, Klaviyo, which has raised an aggregate of USD 679 million. Moreover, Airtable’s current valuation is higher than that of publicly listed Smartsheet , another platform allowing users to build apps through spreadsheets, which went public in 2018 at a valuation of USD 1.48 billion and currently has a total market cap of USD 9.1 billion. </ul>