dbt Labs

Private

dbt Labs is the company behind dbt (data build tool), an open-source analytics engineering framework that enables data teams to transform data in their warehouses using SQL. Originally founded as Fishtown Analytics, the company signed a definitive agreement to merge with Fivetran in October 2025 in an all-stock deal, creating a combined data infrastructure company approaching $600M in ARR.

Founders Tristan Handy, Drew Banin, Connor McArthur

CEO Tristan Handy

Company

Founded

2016

Headquarters

Philadelphia, United States

Employees

501-1000

Financials

Total Funding

$416M

Last Valuation

$4.2B

Sectors

SaaS Developer Tools Cloud Computing Data & Analytics

www.getdbt.com Twitter Blog

Funding History

5 rounds

Series D Feb 24, 2022

$222M

Valuation: $4.2B

Altimeter Capital (Lead) Amplify Partners Andreessen Horowitz Sequoia Capital Coatue Management Tiger Global Management ICONIQ Growth GV GIC Databricks Ventures Salesforce Ventures Snowflake Ventures

Series C Jun 30, 2021

$150M

Valuation: $1.5B

Altimeter Capital (Lead) Sequoia Capital (Lead) Andreessen Horowitz (Lead) Amplify Partners

Series B Nov 11, 2020

$30M

Sequoia Capital (Lead) Andreessen Horowitz Amplify Partners

Series A Apr 22, 2020

$13M

Andreessen Horowitz (Lead) Amplify Partners

Seed Nov 11, 2019

$2M

Amplify Partners (Lead)

Funding data is compiled from multiple independent sources including company announcements, press coverage, and regulatory filings. While we strive for accuracy, amounts and dates may reflect reported figures at time of announcement.