Airbase - About the company
Airbase is an acquired company based in San Francisco (United States), founded in 2017 by Thejo Kote. It operates as a Procure to pay management software for businesses. Airbase has raised $91M in funding from investors like First Round Capital, Bain Capital Ventures and Menlo Ventures, with last known valuation of $484M - $718M. The company has 864 active competitors, including 167 funded and 131 that have exited. Its top competitors include companies like Navan, Ramp and Brex.
Company Details
Procure to pay management software for businesses. It features solutions for spend management, pre-approvals, payments, and accounts payable management. It offers integration with Netsuite, Quickbooks, Xero, etc. Its app is available for Android and iOS users.
- Website
- Social
- Email ID
- @airbase.io
Key Metrics
Founded Year
2017
Location
San Francisco, United States
Stage
Acquired
Total Funding
in 4 rounds
Latest Funding Round
Last Known Valuation
as on May 30, 2023
Investors
Ranked
12th among
Employee Count
as on Dec 31, 2022
Similar Companies
Navan &
Exit Details
Acquired by Paylocity (Sep 04, 2024)
Legal entities associated with Airbase
Airbase is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Oct 04, 2019 | $6.29M (as on Mar 31, 2022) | 182 (as on Jan 31, 2025) | ||
CIN: 814371385 United States, Active | Dec 26, 999 | - | 77 (as on Dec 31, 2022) | - |
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Airbase's acquisition details
Airbase got acquired by Paylocity on Sep 04, 2024.
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Airbase's funding and investors
Airbase has raised a total funding of $91M over 4 rounds. Its first funding round was on Apr 17, 2019. Its latest funding round was a Conventional Debt round on Jul 15, 2022 for $150M. 1 investor participated in its latest round, which include Goldman Sachs, American Express Ventures, Menlo Ventures and Akkadian Ventures.
Airbase has 19 institutional investors including First Round Capital, Bain Capital Ventures and Menlo Ventures. Frederic Kerrest and 1 other are Angel Investors in Airbase.
Here is the list of recent funding rounds of Airbase:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Jul 15, 2022 | $150M | Conventional Debt | 6856858 | 7165310 | |
Jun 08, 2021 | $60M | Series B | 1219832 | 4609378 | Menlo Ventures, Craft Ventures, and |
Mar 05, 2020 | $23.5M | Series A | 6038443 | 7661860 |
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Airbase's founders and board of directors
The founders of Airbase is Thejo Kote. Thejo Kote is the CEO of Airbase.
Here are the details of Airbase's key team members:
- Thejo Kote: Founder & CEO of Airbase and founder of 2 other companies, and Automatic. They are also an angel investor in 6 startups.
View details of
Airbase's employee count trend
Airbase has 77 employees as of Dec 22. The total employee count is 20.0% more than what it was in Dec 21. Here is Airbase's employee count trend over the years:
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Airbase's Competitors and alternates
Top competitors of Airbase include Navan, Ramp and Brex. Here is the list of Top 10 competitors of Airbase, ranked by 秘密研究所 score:
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Overall Rank | Company Details | Short Description | Total Funding | Investors | 秘密研究所 Score |
|---|---|---|---|---|---|
1st |  Navan 2015, Palo Alto (United States), Series G | SaaS-based corporate travel and expense management solution for businesses | $1.28B | Goldman Sachs, Greenspring Associates听&补尘辫;听 | 83/100 |
2nd |  Ramp 2019, New York City (United States), Series E | Provider of a spend management and accounts payable solutions | $1.61B | Goldman Sachs, GIC听&补尘辫;听 | 82/100 |
3rd | Brex 2017, Draper (United States), Series D | SaaS-driven credit card and spend management solutions platform for businesses | $1.2B | Bank of America, Credit Suisse听&补尘辫;听 | 81/100 |
4th |  Coupa 2006, San Mateo (United States), Acquired | Cloud-based end-to-end spend management software for businesses | $169M | T. Rowe Price, Meritech听&补尘辫;听 | 78/100 |
5th |  Sage Group 1981, Newcastle Upon Tyne (United Kingdom), Public | Cloud-based accounting and payroll solutions for small and medium businesses | - | 76/100 | |
6th |  Marqeta 2010, Oakland (United States), Public | SaaS-based expense management solutions for businesses | $528M | HTIF, Goldman Sachs听&补尘辫;听 | 74/100 |
7th | Concur 1988, Bellevue (United States), Acquired | SaaS-driven corporate travel expense & invoice management solution | - | Credit Suisse, IVP听&补尘辫;听 | 74/100 |
8th | Provider of prepaid cards for financial benefits of employees | $304M | General Atlantic, Eight Roads Ventures听&补尘辫;听 | 72/100 | |
9th | SaaS-based provider of expense management solutions for business travel | $434M | Kinnevik, Thrive Capital听&补尘辫;听 | 70/100 | |
10th |  Emburse 2002, San Francisco (United States), Acquired | Corporate card and expense management platform for businesses | $1.62M | 70/100 | |
12th | 2017, San Francisco (United States), Acquired | Procure to pay management software for businesses | $91M | 68/100 |
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Airbase's Investments and acquisitions
Airbase has made no investments or acquisitions yet.
Reports related to Airbase
Here is the latest report on Airbase's sector:
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News related to Airbase
Media has covered Airbase for a total of 7 events in the last 1 year, 2 of them have been about company updates.
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Hrtechfeed鈥�Apr 02, 2025鈥�Airbase
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AviationPros鈥�Mar 05, 2025鈥�, Airbase
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Fintech Finance鈥�Sep 27, 2024鈥�Airbase
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Business Wire鈥�Sep 26, 2024鈥�Airbase
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Business Travel News鈥�Dec 14, 2023鈥�Airbase
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FAQ's about Airbase
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