Technology
Fivetran Set for Unicorn Status With New Venture Backing
- Fast-growing startup has more than 1,000 enterprise customers
- Last funding round was led by Andreessen Horowitz in September
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Fivetran, a startup that specializes in data integration, is in advanced talks to raise new funding from investors including General Catalyst and Andreessen Horowitz, according to people with knowledge of the matter.
The new round is slated to value Fivetran at over $1 billion, said the people, who requested anonymity because the talks are private. A term sheet has yet to be signed, and as with all deals that aren’t finalized, components of the transaction could be adjusted, cautioned one of the people.