About Airbase
Airbase is a Travel & Hospitality company based in San Francisco (United States) founded in 2017 by Thejo Kote, and was acquired by Paylocity in September 2024. Procure-to-pay management software is offered for business operations. It operates in the Travel & Hospitality and Technology sectors. Airbase has raised $90.5 million across 5 funding rounds from investors including Goldman Sachs, Paylocity and Menlo Ventures. Airbase was last valued at $600 million in June 2021. Its chief executive, as recorded, is Thejo Kote. Its website airbase.com draws about 26 thousand monthly visits. Its Indian entity Airbase Labs India Private Limited reported revenue of ₹212 Cr. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Procure to Pay. Its competitors include Brex, Ramp and Navan; 3 of its 3 listed competitors have raised funding.
Company details
Airbase was founded in 2017 and is headquartered in San Francisco, United States. Software solutions for procure-to-pay processes are provided, encompassing spend management, pre-approvals, payments, and accounts payable handling. Integration capabilities with systems such as NetSuite, QuickBooks, and Xero are supported. A mobile application is available for Android and iOS platforms to facilitate user access.
- Headquarters San Francisco, United States
- Founders Thejo Kote
- Stage Acquired
- SectorsTravel & HospitalityTechnology
- Website category Computers Electronics and Technology · Graphics Multimedia and Web Design
- Email••••••••
- Website airbase.com
- Social LinkedIn X Facebook
- Acquired by Paylocity (Sep 2024)
- Legal Name Airbase Labs India Private Limited
- Date of Incorporation 10 May, 2019
- Indian entity revenue₹212 Cr
FY 2025 · +161% YoY
- Indian entity net profit₹19.22 Cr
FY 2025 · 9% margin
- Indian entity EBITDA₹27.52 Cr
FY 2025 · 13% margin
- Total Equity Funding$90.5M (USD)
in 5 rounds
- Latest Funding Round$150M (USD), Debt – Conventional
Jul 2022
- InvestorsGoldman Sachs
& 14 more
- Acquired byPaylocity
(Sep 2024)
Associated legal entities of Airbase
Airbase operates through Airbase Labs India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Airbase Labs India Private Limited CIN U74999KA2019PTC124221 | Active | 10 May 2019 | Bangalore, Karnataka | ₹212 Cr | 136 | 2 | View details |
Apps and channels of Airbase
Airbase publishes 2 mobile apps with over 5K+ downloads.
Funding Insights of Airbase
Airbase has successfully raised a total of $90.5M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $150 million completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $90.5M
- Total Rounds 5
- Last Round Debt – Conventional — $150M
- First Round $7M
(Apr 2019)
- Investors Count 14
All 5 funding rounds of Airbase with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2022 | $150M | Debt – Conventional | – | – | |
| Feb 2022 | Series B | – | Amex Ventures | – | |
| Jun 2021 | $60M | Series B | $600M | Menlo Ventures | |
| Mar 2020 | $23.5M | Series A | – | Bain Capital Ventures | |
| Apr 2019 | $7M | Series A | – | First Round Capital |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2021 | $600M | •••••••• |
Last known valuation $600M (Jun 2021). 15 investors in total: 13 institutional and 2 angel.
Investors in Airbase
Airbase has secured backing from 15 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Goldman Sachs, Paylocity and Menlo Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment banking services are delivered across multiple financial sectors. | 1869 | goldmansachs.com | New York, United States | |
Early-stage venture capital firm investing in AI, healthcare, and tech sectors. | menlovc.com | |||
Venture capital fund focused on SaaS and consumer sectors | craftventures.com | San Francisco, United States | ||
Venture capital fund focused on investing in multiple sectors | baincapitalventures.com | Boston, United States | ||
US focused seed and early-stage VC firm | firstround.com | San Francisco, United States | ||
Investments are managed by Quiet Capital in New York. | quiet.com | New York, United States | ||
Investing in early-stage tech companies and ideas. | boxgroup.com | |||
VC firm investing in the US | winfunding.com | San Francisco, United States | ||
Early-stage venture capital investing, network building, and founder support services. | villageglobal.vc | |||
Venture capital is provided to consumer, B2B, and commerce sectors. | amexventures.com | New York, United States |
Investor details for Airbase
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Board of directors of Airbase Labs India Private Limited (Airbase)
Airbase Labs India Private Limited is the primary company behind Airbase. The board of Airbase Labs India Private Limited currently have 2 directors; the longest-serving is Masood Ahmed Khan, appointed in 2024. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Masood Ahmed Khan DIN 00164940 | Additional Director | 31 Dec 2024 | 1 yr 9 mo | Airbase Labs India Private Limited |
| Rahul Aggarwal DIN 07945172 | Additional Director | 31 Dec 2024 | 1 yr 9 mo | Airbase Labs India Private Limited |
People of Airbase
218 people are tracked at Airbase (49 in leadership, 169 in team).
| Name | Role | Group |
|---|---|---|
Thejo Kote | Founder & CEO | Leadership |
Jarett Ehas | Associate Director Engineering - Engineering Excellence | Leadership |
Cyrus Mehta | Director, Engineering | Leadership |
Nick Rost | Chief Accounting Officer & Treasurer | Leadership |
Andriy Striltschuk | Director Of Engineering | Leadership |
Ruxandra Levy | Director Of Engineering | Leadership |
Toby Williams | President & CEO | Leadership |
Amanda Hanson | Director Product Experience | Leadership |
Julie Mathers | VP of User Experience | Leadership |
Scott Jucovics | Senior Director Of Engineering | Leadership |
Ryan Glenn | Chief Financial Officer | Leadership |
Holly Fulp | Deputy CFO & Chief Strategy Officer | Leadership |
Amber Livingston | VP, General Counsel | Leadership |
Mukul Varma | Senior Director, Engineering & Product | Leadership |
Martie Burris | Head Of Product, Marketplace And Platform | Leadership |
Jimin Bhuptani | Director Of Product Management | Leadership |
Omar Ashrafi | Senior Director Of Product Strategy | Leadership |
Christine Pellini | VP, Product & Technology | Leadership |
Kurt Zarefoss | VP & Head of Engineering | Leadership |
Tatiana Jordan | Senior Director UX | Leadership |
198 more people are available in the full profile.
Complete people profiles for Airbase
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Financials of Airbase
Figures of Airbase Labs India Private Limited, the primary company behind Airbase, for FY 2025. Revenue was ₹212 Cr (+161% year on year). Net profit was ₹19.22 Cr (9% margin). EBITDA was ₹27.52 Cr (13% margin). Revenue has grown at a compounded annual rate of +65% over three years and +118% over five years.
- ₹212 CrRevenue · FY 2025 · +161% YoY
- ₹19.22 CrNet profit · 9% margin
- ₹27.52 CrEBITDA · 13% margin
- ₹49 LakhPaid-up capital
- 136Employees (provident fund records)
- +65%Revenue CAGR, 3 years
- +118%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Airbase Labs India Private Limited are on its company page.
Detailed financial statements for Airbase
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Airbase
5 dated milestones of Airbase across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Airbase is founded.
- Funding First funding round of $7.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Debt – Conventional, of $150.0M.
- Exit Acquired by Paylocity.
Competitors of Airbase
Airbase has 3 listed competitors in our database, 3 of them funded. They include Brex, Ramp and Navan.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| brex.com | 2017 | Draper, United States | $1.2B | SaaS-driven credit card and spend management solutions platform for businesses | ||
| ramp.com | 2019 | New York, United States | $5.07B | Spend management and accounts payable solutions are delivered to businesses. | ||
| navan.com | 2015 | Palo Alto, United States | $1.58B | 847 | Corporate travel and expense management are facilitated through SaaS platform. |
Detailed competitors of Airbase
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Web traffic of Airbase
The website of Airbase (airbase.com) receives about 25.6K visits a month and ranks #1,135,704 among all websites worldwide, #10,366 in Graphics Multimedia and Web Design.
- Monthly visits25.6K
▼ 9.3% vs previous month
- Unique visitors8.9K
per month
- Global rank#1,135,704
among all websites
- Category rank#10,366
Computers Electronics and Technology · Graphics Multimedia and Web Design
- Bounce rate49%
- Pages per visit1.5
- Average visit32 sec
- DevicesDesktop 62% · Mobile 38%
Websites whose visitors overlap most with Airbase. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| visible.vc | 100% | 187.5K | #270,351 | View details | |
| pitchdrive.com | 100% | 65.9K | #555,373 | View details | |
invoicer.ai | invoicer.ai | 100% | #421,439 | – | |
capterra.in | capterra.in | 100% | #393,937 | – | |
efficient.app | efficient.app | 100% | #113,768 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Airbase
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- 40 similar websites
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Top companies in Online Travel
3 companies that operate in the same segment as Airbase (Online Travel) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 | ||
Multiple travel services are booked via an app-based platform. | 1999 | Miami, Florida, United States | USD 331.37 M | 5,191 |
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Related news about Airbase
Complete news archive for Airbase
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Frequently Asked Questions about Airbase
Airbase was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Airbase is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Thejo Kote is the CEO of Airbase, as recorded in our data. They have also founded this company.
Airbase is a funded company, having raised a total of $90.5M across 5 funding rounds to date. The company's 1st funding round was a Series A of $7M, raised on Apr 2019.
The primary company behind Airbase, Airbase Labs India Private Limited, reported revenue of ₹212 Cr for FY 2025, up 161% year on year.
Airbase was founded in 2017 and is headquartered in San Francisco, United States. Software solutions for procure-to-pay processes are provided, encompassing spend management, pre-approvals, payments, and accounts payable handling. Integration capabilities with systems such as NetSuite, QuickBooks, and Xero are supported. A mobile application is available for Android and iOS platforms to facilitate user access.
Airbase has 15 investors. Key investors include Goldman Sachs, Paylocity, Menlo Ventures, Craft Ventures, and Bain Capital Ventures.
The valuation of Airbase is $600M as of Jun 2021.
Airbase operates through Airbase Labs India Private Limited.
Yes. Airbase was acquired by Paylocity in September 2024.
The legal entities of Airbase currently have 2 directors, including Masood Ahmed Khan, Rahul Aggarwal.