Fivetran Raises $15 Million in Series A Funding

Fivetran has secured $15 million in Series A funding led by Matrix Partners, with general partner Ilya Sukhar joining their board of directors. The company aims to replace the traditional ETL model of data warehousing with prebuilt, zero-maintenance data connectors. Over the past year, Fivetran has doubled its customer base and tripled its revenue, positioning itself as a key component in modern data stack alongside cloud-first data solutions like Snowflake, Looker, BigQuery, Periscope, etc. The funding will be used to scale operations, add new enterprise features, and expand data sources.