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Stock impact report

Airbase Announces $60M Series B Capital Raise, Led by Menlo Ventures

Applovin Corporation - Class A (APP) 
Company Research Source: PR Web
SAN FRANCISCO (PRWEB) June 08, 2021 Airbase, the most comprehensive spend management platform for small to midsize companies, today announced $60M in Series B funding at a $600M valuation. The round was led by Menlo Ventures, and includes new investor Craft Ventures. Existing investors Bain Capital Ventures, First Round Capital, Quiet Capital, Webb Investment Network, and BoxGroup also participated.The round brings total venture funding to $91M and validates Airbase's holistic approach to solving the spend management problem. The fresh capital will be used to further secure Airbase's position as the most comprehensive spend management solution in its class; driving product improvements and innovation that continue to define the category, transform the way companies spend money, and elevate the role of employees to focus on the value-added work that makes companies successful. Additional investors in this round include several prominent industry executives who have themselves built an Show less Read more
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