Airbase is a leading financial process software company that specializes in procure-to-pay solutions. It integrates procurement, accounts payable automation, expense management, and corporate cards into a single platform. The company aims to provide finance teams with more control, visibility, and automation over non-payroll spend, making it easier to manage complex workflows and accounting tasks.
Airbase was founded in 2017 by Thejo Kote, who studied Electrical and Electronics Engineering in Bangalore, India. Since its inception, the company has rapidly grown, focusing on mid-market businesses and early enterprises. It has attracted notable customers like Headspace, Doximity, and Postman.
Airbase has raised a total of $91 million in funding, with a significant $60 million Series B round led by Menlo Ventures. This round valued the company at $600 million. Other investors include Craft Ventures, Bain Capital Ventures, First Round Capital, Quiet Capital, Webb Investment Network, and BoxGroup.
Airbase has not publicly announced any acquisitions but has continuously expanded its product offerings. The company plans to enhance its platform's functionality to support larger midsize companies with more complex payment and accounting needs. This includes adding full subsidiary support and deepening its workflow and payments features.
Recent feature rollouts include integrations with QuickBooks Desktop and support for international bill payments. Airbase also continuously updates its platform with new functionalities to meet the evolving needs of its users.
Airbase emphasizes a culture of innovation, excellence, and collaboration. The company supports a globally distributed workforce and uses modern communication tools to maintain connectivity and productivity. Core values include trust, transparency, and a strong sense of ownership among employees.
Airbase serves mid-market businesses and early enterprises, with a user base that includes companies like Segment, Harness, Cameo, and Lattice. The company also hosts a popular Slack community called "Off the Ledger," which has grown to over 3,100 members. This community provides a platform for finance and accounting professionals to network, ask questions, and share insights.
Airbase
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