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Fivetran today secures USD 125 million in financing from Vista Credit Partners, a subsidiary of Vista Equity Partners and strategic credit.
The fresh debt raise will be used to support Fivetran’s continued innovation and enterprise growth.
While commenting on the development, George Fraser, CEO, Fivetran said, "The financing will allow us to accelerate R&D and expand our automated data movement platform as we continue to scale globally.”
In the last year, Fivetran has achieved USD 200 million in annual revenue run rate and a 50 per cent year-over-year increase.
Fivetran also continued to add new product functionalities in the last year.
“Fivetran is an ideal partner for Vista Credit Partners as a founder-led, scaled and growing category leader providing mission-critical solutions to modern businesses,” said David Flannery, President at Vista Credit Partners.