My involvement with Airtable began in 2015, after leading the Series A funding round, and then co-leading the Series B in 2017. Airtable is a modern approach to software creation — a platform with the flexibility and extensibility to create application software that fits a user’s needs.
Countless times I’ve been asked by people in the tech ecosystem:
“How big is Airtable’s addressable market?”
Over the last few years, I’ve seen hundreds of software use cases for the Airtable platform. Applications range from traditional software products such as CRM, inventory management, applicant tracking system, catalogs, and more. And extend into the long tail of software to cover use cases such as farm management, emergency response services, venture capital CRM and more.
The enterprise software market is estimated by Gartner to be a $391bn market in 2018, which consists of application software and the infrastructure software to support those applications. Already, thousands of companies are choosing to build Airtable-native applications to fulfill their software needs. In the future, more will follow.
In response to the question, “How big is Airtable’s addressable market?”, instead I’ve encouraged folks to think “How big is the software market?”
Because of its platform nature to address so many software use cases, Airtable has enormous market potential unlike anything I have seen, much more than any one single application software market. That sums up where CRV thinks Airtable can go, especially with the leadership of our CEO, Howie Liu.
Today, Airtable announced its $100M Series C financing and we’re thrilled to be a part of it. We’re pleased to welcome new investors Benchmark, Thrive Capital and Coatue Management.
Airtable is well on its way to fulfilling the vision that its founders set out, and CRV feels privileged to support them on this journey.
— Max Gazor
