Vista Credit Partners, a division of Vista Equity Partners and a strategic credit and finance partner focused on the enterprise software, data, and technology industries, said that it had provided $125 million in financing to tech startup Fivetran.

The new amount of funding will be utilised to strengthen its automated data transfer platform and R&D (research and development). "Data accessibility throughout an organisation cannot be in doubt. According to George Fraser, CEO of Fivetran, access must be as convenient and dependable as power. Fraser claims that Fivetran's data transfer platform aids businesses in connecting all of their data.

"Fivetran is an ideal partner for Vista Credit Partners as a founder-led, scaled, and growing category leader providing mission-critical solutions to modern businesses," said David Flannery, president of Vista Credit Partners. We are glad to offer George and the entire team non-dilutive credit solutions and operational support as they continue to innovate and support more businesses in becoming data-driven.

Earlier in 2021, Andreessen Horowitz (a16z) led a $565 million (about Rs 4,161.8 crore) financing round for Fivetran. According to the company, it generated over $200 million in revenue last year, an increase of 50% over the previous year.