Airbase Inc.
Headquarters
San Francisco, CAFounded
2017CEO / Founder
Thejo KoteEmployees
201-500Funding
Acquired — $100MProducts
1 product listedAvg. AI Score
7.8/10Website
airbase.io/
Profile updated
About Airbase Inc.
Airbase is a spend management and procure-to-pay software company founded in 2017 by Thejo Kote and headquartered in San Francisco, California. The company builds financial operations software aimed at mid-market and enterprise organizations seeking to consolidate purchasing, payment, and expense workflows into a single platform.
Airbase's core product suite includes accounts payable automation, corporate cards, employee expense management, purchase order management, and bill payment. The platform is designed to give finance teams visibility and control over company spending before transactions occur, rather than reconciling them after the fact. It targets companies typically in the 100–5,000 employee range and integrates with major ERP and accounting systems including NetSuite, Sage Intacct, and QuickBooks.
The company raised a $60 million Series C round in 2022, bringing its total disclosed funding to approximately $150 million from investors including Menlo Ventures, Bain Capital Ventures, and Craft Ventures. In 2023, Airbase was acquired by Paylocity, a publicly traded HR and payroll software provider, expanding Paylocity's footprint into financial operations and spend management.
Specialties
Financials
Dated, source-cited figures. Estimates are marked.
Products by Airbase Inc.
All products by Airbase Inc. reviewed by our AI panel of experts.
How Our Review Panel Scores Airbase Inc.
Six independent reviewer personalities assessed Airbase Inc.'s product on their own terms. They landed within 0.9 points of each other, an unusually strong consensus.
Averaged across 1 reviewed product in our catalog. Scores are out of 10.
Competitive Landscape
Who Airbase Inc. competes with, and how they differ.
Ramp monetizes primarily through card interchange rather than software fees, undercutting Airbase on price for corporate cards and expense management, and has expanded into bill pay and procurement to cover the same workflow.
1 product reviewed on TopReviewed
Brex built its base issuing corporate cards to venture-backed startups before moving upmarket into enterprise spend management, competing most directly with Airbase for growth-stage and larger tech companies.
1 product reviewed on TopReviewed
Bill.com is publicly traded (NYSE: BILL) and covers both payables and receivables for SMBs, with deeper long-tail accounting-software integrations, whereas Airbase focuses on payables, cards and expense management for the 100-5,000 employee segment.
1 product reviewed on TopReviewed
Tipalti focuses on accounts-payable automation and global mass payouts across 190+ countries for larger enterprises and marketplaces, a narrower but deeper AP/payments play than Airbase's combined card-plus-AP platform.
1 product reviewed on TopReviewed
Expensify is mobile-first and skews toward SMB and prosumer expense reporting with per-user subscription pricing, lacking the procurement and AP-automation depth Airbase built for mid-market finance teams.
1 product reviewed on TopReviewedCompany Timeline
Key milestones in Airbase Inc.'s history, with sources.
- Acquisition
Acquisition by Paylocity completed
Paylocity Holding Corporation (Nasdaq: PCTY) completed its acquisition of Airbase, first disclosed as approximately $325M in September 2024; Airbase became a wholly owned subsidiary providing spend management within Paylocity's HCM platform.
sec.gov - Acquisition
Paylocity announces definitive agreement to acquire Airbase for ~$325M
Paylocity signed a definitive agreement to acquire Airbase, a spend management platform for the 100-5,000 employee segment with ~300 employees and 500+ clients, funded via revolving credit facility; deal expected to close in Q1/Q2 of Paylocity's fiscal 2025.
sec.gov - Funding
Series B — $60M led by Menlo Ventures
Airbase raised a $60M Series B led by Menlo Ventures, described as the firm's largest single check to date from a non-growth fund, at a reported $600M post-money valuation.
finance.yahoo.com - Funding
Series A extension — $23.5M led by Bain Capital Ventures
Airbase added $23.5M to its Series A less than a year after its initial round, bringing funding to date to nearly $31M, after ARR grew roughly 4x during 2019.
techcrunch.com - Funding
Series A — $7M led by First Round Capital
Airbase launched publicly with a $7M Series A led by First Round Capital (with Maynard Webb, Village Global, BoxGroup, Quiet Capital), its first outside funding after founder Thejo Kote bootstrapped the company with $300K of his own money.
techcrunch.com - Founded
Airbase founded by Thejo Kote
Airbase was founded in 2017 by Thejo Kote (previously co-founder of Automatic Labs, sold to SiriusXM for over $100M in 2017) in San Francisco as an all-in-one spend management platform.
sec.gov
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