About Airbase
Airbase is a company based in San Francisco (United States) founded in 2017 by Thejo Kote was acquired by Paylocity in September 2024.. Airbase has raised $90.5 million across 5 funding rounds from investors including Goldman Sachs, Paylocity and Menlo Ventures. Airbase operates in a competitive market with competitors including Brex, Ramp, Navan, Tipalti and Sage Group, among others.
- Headquarter San Francisco, United States
- Founders Thejo Kote
- Stage Minicorn
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Sectors
Travel & HospitalityTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$90.5 M (USD)
in 5 rounds
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Latest Funding Round
$150 M (USD), Debt – Conventional
Jul 15, 2022
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Investors
Goldman Sachs
& 14 more
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Employee Count
Employee Count
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Acquired by
Paylocity
(Sep 04, 2024)
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Software Development Team
81 people
Product Management Team
58 people
Data Analysis and Operations Team
19 people
Finance and Accounting
9 people
Principal Team
8 people
Leadership Team
6 people
Senior Team
5 people
Team Team
5 people
Unlock access to complete
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 Total Funding
- Total Rounds 5
- Last Round Debt – Conventional — $150.0M
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First Round
First Round
(17 Apr 2019)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Debt – Conventional - Airbase | Valuation |
investors |
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| Feb, 2022 | Amount | Series B - Airbase | Valuation | Amex Ventures |
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| Jun, 2021 | Amount | Series B - Airbase | Valuation | Menlo Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Early-stage venture capital firm investing in AI, healthcare, and tech sectors.
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Founded Year | Domain | Location | |
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Venture capital fund focused on SaaS and consumer sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Airbase
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Airbase
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Airbase Comparisons
Competitors of Airbase
Airbase operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Brex, Ramp, Navan, Tipalti and Sage Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
SaaS-driven credit card and spend management solutions platform for businesses
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| domain | founded_year | HQ Location |
Spend management and accounts payable solutions are delivered to businesses.
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| domain | founded_year | HQ Location |
Corporate travel and expense management are facilitated through SaaS platform.
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| domain | founded_year | HQ Location |
Cloud-based procurement and invoice management solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payroll solutions for small and medium businesses
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| domain | founded_year | HQ Location |
Cloud-based end-to-end spend management software is delivered for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Airbase
Frequently Asked Questions about Airbase
When was Airbase founded?
Airbase was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Airbase located?
Airbase is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Airbase?
Thejo Kote is the current CEO of Airbase. They have also founded this company.
Is Airbase a funded 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 B of $60M, raised on Apr 17, 2019.
What does Airbase do?
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.
Who are Airbase's investors?
Airbase has 15 investors. Key investors include Goldman Sachs, Paylocity, Menlo Ventures, Craft Ventures, and Bain Capital Ventures.
What is Airbase's valuation?
The valuation of Airbase is $600M as of Jun 2021.
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