Asana, A Work Management Platform, Nabs $50M Growth Round

Asana, a San Francisco, CA based work management platform for teams has now raised $50 Million in the funding round of Series E equity.

The round which make the startup valuation at $1.5 Billion, was led by the Generation Investment Management, with the participation from the existing investors including the Founders Fund, 8VC, Benchmark capital, and new investors Lead Edge Capital and World Innovation Lab.

The company has a plans to use the funds to continue its expansion, focusing on the key areas of the global expansion, enterprise scale and product innovation. In a much more explanation, the startup is going to expand its global infrastructure capabilities with the opening of an EU data center with a Frankfurt-based data center slates for opening in the beginning of 2019. The accelerate the delivery of product road-map with a focus on allowing the leaders to manage, plan and monitor their most important initiatives. And to expand its global presence on Asia Pacific starting with a strategic presence in both the Tokyo, Japan and Sydney, Australia, two leading centers of technology and future of work innovation.

The startup which is led by the Dustin Moskovitz. Asana provides tams with a platform to organize and manage all of their work, from small projects to strategic initiatives. The company has more than 50000 paying organizations such as the AirBnb, NASA, Uber, Disney, AB-InBev, Overstock.com, Vox Media, Zalando, Viessmann Group, KLM Air France and millions of free organizations across the 200 countries.

“Our role is to help leaders understand where their attention can be most useful and what to be focused on,” Moskovitz, pictured right with co-founder Justin Rosenstein, said to me in an interview earlier this month when describing the company’s AI push.

“We have so much money in the bank that we have quite a lot of options [and are in a] strong position so choose what makes the most sense strategically,” he said. “We’ve been fortunate with investors. The prime thing is vision match: do they think about the long-term future in the same way we do? Do they have the same values and priorities? Generation nailed that on so many levels as a firm.”

You may also like to read:

Blue J Legal Raises $7M To Support US Expansion