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Angel Investor (Individual)

Investments

2

About Andrew Ofstad

Andrew Ofstad is the Co-Founder of Airtable.

Headquarters Location

San Francisco, California,

United States

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Latest Andrew Ofstad News

Airtable: A Low-Code Platform to Build Collaborative Apps

Apr 6, 2023

Apr 6, 2023—6 min read Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Airtable. Are you looking for a database tool? There are tons of software available in the market, but it's difficult to get one that is simple to use, like a spreadsheet but compared to a database. Although you can also make comparisons in spreadsheets, databases are much more efficient. With spreadsheets, you need to learn SQL scripting. Airtable is a perfect fusion of spreadsheets and databases that allows you to curate information into different data formats. Moreover, the UX/UI is engaging and doesn't require SQL scripting. This article covers about Airtable's startup story, founders, funding, products, growth, partners, competitors, and more. Company Highlights Sector Founded In Airtable - About Airtable is a cloud-based platform that makes it easier to build robust, custom applications and, thus, connect data, workflows, and teams. Moreover, it allows companies to build applications without any code. The user-friendly and simple interface allows organizations to spin up a database in minutes. Founded in 2012, the company has many offices in the United States in Austin, London, Mountain View, Los Angeles, and New York. Over 300,000 innovative companies use Airtable daily to connect data and people. Airtable - Founders and Team Howie Liu Howie Liu graduated in Mechanical Engineering and Computational Airfoil Design from Duke University. Presently, he is the co-founder and CEO of Airtable. He also co-founded Etacts in San Francisco. Howie Liu - Co-founder & CEO, Airtable Andrew OfStad Completed BSE in Electrical and Computer Engineering, Economics from Duke University; Andrew Ofstad co-founded Airtable. He worked as Engineering Research Onetrn, Technology Labs Development Group, and Product Manager in top firms. Andrew OfStad - Co-founder, Airtable Emmett Nicholas Obtained a degree in CS and ECE from Duke University, Emmett Nicholas is the co-founder and CTO at Airtable. Moreover, he worked as Software Engineer at Stack Overflow and Microsoft. Emmett Nicholas - Co-founder & CTO, Airtable Currently, the employee strength of Airtable is more than 1000. Airtable - Startup Story When Liu was working as a Product manager at Salesforce , he realized that many people were using spreadsheets as an organizational tool. And most spreadsheets were cluttered and contained data haphazardly. Rather than making spreadsheet better, Liu developed an entirely new product enabling users to create simple applications in a familiar and intuitive way. Liu and his co-founder Andrew Ofstad developed an MVP, and Kutcher was the first individual to invest in the product. Although Airtable was officially established in 2012, its development was underway for two years prior to its public launch, during which time it was being developed in a closed-door setting. After two years in development, the software was officially launched in 2014 as a part of an invite-only open beta. Moreover, Airtable makes another smart move by launching its iOS app. In 2015, the company unveiled API Builder along with its embedded database features. And Airtable integrations came into the picture in August 2015. Over the years, many features and functionalities were added to the platform, and Airtable succeeded. Airtable - Mission and vision The company's main aim is to democratize software creation by making it possible for anyone to build tools to meet their needs. People worldwide prefer using Airtable to do everything from cattle tracking to filmmaking. Airtable - Business Model Airtable is a spreadsheet-database hybrid, having features of a database but can be applied to a spreadsheet. The fields in the Airtable table are just like cells in a spreadsheet but feature multiple types, like 'checkbox,' drop-down list,' and 'phone number.' Moreover, the platform can reference file attachments similar to images. It enables users to create a database, set up column types, link tables, add records, sort records, collaborate, and publish views to external sites. Airtable - Revenue Model Airtable offers different plans for the team's needs, Free, Plus, and Pro. The 'Plus' plan charges $10 per seat/month, and the 'Pro' plan is available for $20 per seat/month, and these plans are billed annually. How to Use Airtable & Getting Started Tutorial Airtable - Products and Services Its main product, Airtable, offers multiple features, including interface design , templates, views, automation, sync, and reporting. In addition, Airtable provides several solutions, such as marketing, operations, product, human resources, sales, and finance. Airtable - Funding and Investors Airtable has undertaken over 10 funding rounds in which it has raised $1.4 billion. Its latest funding round – The secondary Market Round, was conducted on July 1, 2022, and raised $300 million. Around 50 investors fund the company , and the main ones are Salesforce Ventures, Silver Lake, XN, Greenoaks, Thrive Capital, and Benchmark. Date Airtable - Mergers and Acquisitions The company acquired 2 enterprises. Its recent acquisition was Walrus.ai on December 21, 2021, and Bayes was acquired on August 11, 2021. Airtable - Patents and Trademarks Airtable - Growth The estimated annual revenue of the company in 2021 is $220.8 million ($209,507 per employee). The post-money valuation of Airtable is $11.7 billion as of 2021. With monthly visits at the website over 21,785,500, the monthly site visit growth is 7.74%. Moreover, the employee count increased by 14% last year. Airtable - Partners It has 260 partners, of which 228 are technology partners, and 32 are channel partners. Some of the main partners are: Howie Liu, Andrew OfStad, and Emmett Nicholas are the founders of Airtable. What is Airtable and what does it do? Airtable is a cloud-based platform that makes it easier to build robust, custom applications and, thus, connect data, workflows, and teams. Moreover, it allows companies to build applications without any code. The user-friendly and simple interface allows organizations to spin up a database in minutes. What pricing plans does Airtable offer? Airtable offers different plans for the team's needs, Free, Plus, and Pro. The 'Plus' plan charges $10 per seat/month, and the 'Pro' plan is available for $20 per seat/month, and these plans are billed annually.

Andrew Ofstad Investments

2 Investments

Andrew Ofstad has made 2 investments. Their latest investment was in Superblocks as part of their Series A on August 11, 2022.

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Andrew Ofstad Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/11/2022

Series A

Superblocks

$37M

Yes

5

1/5/2022

Series C

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$99M

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10

Date

8/11/2022

1/5/2022

Round

Series A

Series C

Company

Superblocks

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Amount

$37M

$99M

New?

Yes

Subscribe to see more

Co-Investors

Sources

5

10

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