ClickUp, an all-in-one productivity platform, has announced that the company has raised $400 million in Series C funding. The Series C funding, co-led by Andreessen Horowitz and Tiger Global, with participation from Lightspeed Venture Partners and Meritech Capital Partners, puts ClickUp at a $4 billion valuation.
“ClickUp’s sole purpose has always been to make the world more productive. Time is our most valuable resource and we are committed to giving people more time to focus on what matters most to them,” said Zeb Evans, CEO and Founder of ClickUp. “We believe software should make people more productive and efficient. I’m thrilled about our next chapter and accelerating the innovations that deliver on this promise to our customers.”
This new round brings ClickUp’s total funding to $535 million. The additional investment will be used to expand the company’s global footprint and hire new talent. In addition, ClickUp will use the funds to accelerate the development of innovative new products and cutting-edge features, while scaling the awareness and usage of ClickUp to new audiences.
“ClickUp’s unique offering in the market has fueled their rise as one of the fastest-growing SaaS startups in the world. Their strong growth, product adoption, and customer retention reflect the tremendous value they’re providing to businesses looking to drive greater productivity and efficiency,” said David George, general partner at Andreessen Horowitz. “ClickUp is synonymous with the future of work, and we’re thrilled to partner with a company that has shown such a strong commitment to its users and product. We look forward to building a more productive world together.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.