![]() It will also include localised versions of its platform for France, Germany and Spain, the company said. In all, ClickUp is being used by 800,000 teams - up from just 200,000 a year ago.Ī significant proportion of ClickUp’s customers, some 40%, are already based outside of the U.S, with a large part of those users in Europe - some 275,000 teams in all, the company said - hence its interest in focusing more deeply in the region. The company counts the likes of Google (yes, the company behind its own productivity tools), McDonald’s, and Netflix among its large enterprise customers. Craft Ventures and Georgian Partners are among its earlier backers the company has now raised $535 million.ĬlickUp - based out of San Diego - plans to use the funding to double down on growth in Europe, with 600 new jobs and a new HQ set for Ireland that will handle R&D, operations and sales. Now another startup is announcing a massive round of funding for a platform that it believes has its own unique role to play in disrupting enterprise IT: by providing a single, all-in-one solution covering various aspects of workplace productivity.ĬlickUp, which provides a set of tools that lets its users tackle project management, document collaboration, spreadsheets, chat and goals from a single platform - a little like Workday but for productivity - has raised $400 million, a Series C funding that the company confirmed values it at $4 billion post-money.ĬlickUp said that this is, to date, the single-largest Series C in the workplace productivity market (others like Slack have raised bigger single rounds… so still room to grow!). Andreessen Horowitz and Tiger Global are co-leading the round, with Lightspeed Venture Partners and Meritech Capital Partners also participating. “Notion’s business prospects will hinge as much upon an age-old enterprise software issue: its ability to scale within large organizations without becoming unwieldy or more productivity drain than boon.Companies like Slack and Asana stormed into the world of tech to steal a march on incumbents like Microsoft in providing a new wave of point solutions to make it easier for workers respectively to chat with each other, plan projects and more.As competitors Coda and Roam Research receive their own funding, Notion is distinguished by its unrivaled user community, according to investors.The investment will also contribute to Notion’s expanded integration with other apps, as well as globalizing sales and support teams.After its explosive growth strained the infrastructure that powers Notion, company executives said it would utilize the funding to continue improving performance.The updated valuation comes with Notion’s latest investment round of $275 million, led by Coatue Management and Sequoia.To no one’s surprise, the pandemic catalyzed that growth, but Notion’s rapid adoption was also fueled its unanticipated virality on TikTok. ![]() That tracks with user growth: Notion quintupled its user base in 2020.The $10 billion is more than four times Notion’s previous valuation of $2 billion in April 2020.Among the most widely circulated articles about the valuation is Alex Conrad‘s piece in Forbes. As of October 8, 2021, Notion is valued at $10 billion. ![]()
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