Has Fivetran filed for IPO?

Yes. Fivetran filed an S-1 in 2026 for a Nasdaq listing. The company was last valued at $8B in its Series D (November 2021, $565M raised). Fivetran is a critical data infrastructure layer for cloud-first enterprises, with 5K+ customers including Meta, Google, and Salesforce.

What does Fivetran do?

Fivetran is a data integration platform — it automatically syncs data from hundreds of SaaS applications, databases, and event streams into cloud data warehouses (Snowflake, BigQuery, Databricks, Redshift). Fivetran handles the connector infrastructure: schema changes, incremental syncs, and data quality. Enterprises use Fivetran as the foundational data pipeline layer before analytics, BI, and AI/ML work. The company competes with Airbyte (open-source), Matillion, and custom ETL pipelines.

How fast is Fivetran growing?

Fivetran reached $400M+ ARR by 2025, growing roughly 50%+ YoY. The company's automated, zero-maintenance connectors create strong customer stickiness — once a company builds its data pipelines on Fivetran, migrating is expensive and disruptive. Fivetran's expansion comes from customers adding more connectors, moving to enterprise tiers, and syncing more data sources.

Is Fivetran a good investment at $8B?

Fivetran's $400M+ ARR at an $8B valuation implies roughly a 20x ARR multiple — in line with other high-growth data infrastructure companies. The bull case: data integration is a massive and growing market as enterprises consolidate on cloud data warehouses, and Fivetran is the category leader. The risk: Airbyte (open-source) is a disruptive threat, and Snowflake/Databricks building native connectors could commoditize the integration layer over time.

When is the Fivetran IPO expected?

Fivetran filed S-1 in 2026 for a Nasdaq listing. The company has been a consistent growth performer in the data infrastructure space, and its IPO will test market appetite for enterprise data tools following Databricks' highly anticipated listing.

Fivetran IPO 2026: S-1 Filed at $8B — Revenue, Valuation & IPO Date

Q: What is Fivetran's valuation?

Fivetran was last valued at $8B in its November 2021 Series D, which raised $565M. The company has raised over $730M total. Notable investors include Andreessen Horowitz, General Catalyst, CEAS Investments, and D1 Capital Partners. The 2021 valuation came at the peak of the data infrastructure boom, and Fivetran has maintained its position as a market leader through the subsequent market correction.

IPO Status

⚡ S-1 Filed — 2026 Target

IPO StatusS-1 Filed

Target ExchangeNasdaq

IPO Timeline2026 (H2 expected)

Valuation$8B (Nov 2021)

Last Funding$565M Series D

Total Raised$730M+

HeadquartersOakland, CA

Founded2012

Key Metrics

$400M+

ARR (2025)

+50%

YoY Growth

5K+

Enterprise Customers

$730M+

Total Raised

IPO Timeline

Seed through Series C ($730M+ raised)

2012–2021, multiple rounds

$565M Series D at $8B

November 2021 — most recent funding

S-1 Filed

2026 — confidential filing

Roadshow & Pricing

Expected H2 2026

IPO — First Day of Trading

Target: Nasdaq 2026

What Fivetran Does

Automated Data Integration Platform

Fivetran is a cloud data integration platform — it automatically syncs data from hundreds of SaaS applications, databases, event streams, and file sources into cloud data warehouses (Snowflake, Google BigQuery, Databricks, Amazon Redshift, Microsoft Fabric). Fivetran handles the difficult infrastructure work: managing connector APIs, schema changes, incremental syncs, and data quality — so data teams don't have to build and maintain custom ETL pipelines. Founded by George Fraser and Martin Chen in 2012 in Oakland, Fivetran grew from open-source beginnings into a $400M+ ARR enterprise business. Notable customers include Meta, Google, Salesforce, HubSpot, and thousands of mid-market and enterprise companies. The company competes with Airbyte (open-source), Matillion, and custom Python ETL pipelines. Fivetran raised over $730M from Andreessen Horowitz, General Catalyst, CEAS Investments, and D1 Capital Partners.

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