Andreessen-Backed Fivetran Valued at $5.6 Billion
- Fivetran acquires HVR and raised $565 million for data tech
- Fivetran customers include Square, DocuSign, Forever 21
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Data integration startup Fivetran is now valued at $5.6 billion following a new investment and an acquisition.
The company said it raised $565 million in a round led by venture firm Andreessen Horowitz. Fivetran, based in Oakland, California, also acquired HVR, a provider of enterprise data replication technology, in a $700 million cash-and-stock transaction.