Asana will not be overshadowed.
Just days after competitor Airtable raised its Series C funding round, the task management platform announced a $50 million Series E of its own. It was led by Generation Investment Management, with participation from 8VC, Benchmark Capital, Founders Fund, Lead Edge Capital and World Innovation Lab.
The round comes less than a year after it raised a $75 million Series D, and brings the company’s total funding amount to $288 million. And its valuation got a major boost as well, exploding from from $900 million in January to $1.5 billion today.
As the work management imperative becomes increasingly global, we’re focused on supporting our expanding international team and customer base to meet the growing demand."
“As the work management imperative becomes increasingly global, we’re focused on supporting our expanding international team and customer base to meet the growing demand to democratize project management and improve team coordination,” Asana’s co-founder Dustin Moskovitz told VentureBeat.
The San Francisco-based company has an expanding presence in NYC, with offices in NoMad. This latest round of funding will help it expand to Japan, which contributes a large portion of the company’s revenue. It also plans to open offices in Australia later this month, as well as a data center in Germany in 2019.
Asana was founded in 2008 by Moskovitz and Justin Rosenstein, who was the brains behind popular social tools like Google’s Gchat functionality and Facebook’s like button. To-date, it’s used by millions of users across 195 countries.
