ClickUp hits $1 billion valuation in $100M Collection B increase – TechCrunch

ClickUp hits $1 billion valuation in $100M Series B raise – TechCrunch


Simply six month after elevating its first bit of outdoor funding, ClickUp has closed $100 million in new funding and has reached a $1 billion valuation, a report in Bloomberg first reported.

The corporate has seen loads of progress previously a number of months to justify that new unicorn standing, together with doubling the quantity of customers to 2 million. In a press launch the corporate additionally detailed it had grown income 9 instances over for the reason that starting of the yr.

This newest $100 million spherical was led by Canadian agency Georgian with participation from Craft Ventures which led the startup’s $35 million Collection A again in June. The excessive valuation showcases simply how keen traders are to search out winners within the productiveness software program house which has seen huge buyer positive aspects as an business this yr, partially because of shifting company attitudes in direction of working from house.

ClickUp is aiming to additional capitalize because it scales its group and product. The corporate of 200 has doubled in measurement since its final increase and is hoping to double once more within the subsequent a number of months, CEO Zeb Evans tells TechCrunch.

ClickUp sells productiveness software program however their foremost promote has been tying a number of merchandise in that house right into a single platform, aiming to cut back the variety of instruments their clients use. The group has just lately begun integrating instruments like e-mail into their platform in order that customers can full workflows contained in the product.

“It’s not identical to a worth play of of utilizing one app as a substitute of three or 4, it’s an effectivity play by saving a lot time and frustration from having all the opposite completely different options,” Evans tells TechCrunch.

Whilst the corporate continues scaling the product via weekly updates to the corporate’s apps together with a newly revamped iOS app which launched in the present day (Android launches tomorrow), the group is trying in direction of how they’ll construct for the long-term.

As to how lengthy this money will final them, Evans isn’t making any guarantees. “I believe this may maintain us going for some time, although to be trustworthy with you I’d’ve stated the identical factor with the Collection A,” Evans says.



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