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Fivetran's $44 million financing tops recent funding news in Oakland

Fivetran's $44 million financing tops recent funding news in Oakland
Photo: Max Duzij/Unsplash
By Hoodline - Published on October 02, 2019.

Oakland-based cloud data services and warehousing company Fivetran has secured $44 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Sept. 24 and led by Andreessen Horowitz.

According to its Crunchbase profile, "Fivetran is a technology company that helps analysts replicate data into a cloud warehouse. Their technology is shaped by the real-world needs of data analysts and supports agile analytics, enabling data-backed decisions across organizations."

The seven-year-old company has raised two previous funding rounds, including a $15 million Series A round in 2018.

The round brings total funding raised by Oakland companies in information technology over the past month to $47 million. The local information technology industry has produced 12 funding rounds over the past year, raking in a total of $77 million in venture funding.

In other local funding news, retail technology company Stockwell announced a Series B funding round on Sept. 27, financed by New Enterprise Associates.

According to Crunchbase, "At Stockwell, they’re combining the convenience of online ordering with the instant gratification of real-world retail. We’re building hardware, software and supply chain operations to create delightful automated stores that are only a few feet away and always stocked with what you need."

Founded in 2016, the company has raised three previous rounds, including a $7.5 million Series A round in 2018.


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