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- Thursday, Asana – a collaborative software and productivity company created by Facebook's co-founder Dustin Moskovitz – announced that he had raised $ 50 million in Series E funds.
- Asana is now valued at $ 1.5 billion.
- "It's really nice to break that concrete mark," said Asana's general manager, Dustin Moskovitz, referring to the unicorn status of companies worth more than one. billion dollars.
- The year 2018 was a pivotal year for Asana, who has already raised a $ 75 million D series in January and says her earnings are up 90% over the previous year.
- With the last round of financing, Asana plans to continue its international growth (by opening an office next week in Australia) and increase its number of employees from 400 to 600 by the end of 2019.
After more than a decade, Asana can finally call a unicorn.
On Thursday, Asana announced that it had raised $ 50 million in Series E funding, bringing the company up to $ 1.5 billion. The financing cycle was led by Generation Investment Management with the participation of third parties such as Benchmark Capital and Founders Fund. In total, Asana has raised more than $ 20 million to date.
"It's really nice to overtake that tangible brand," Business Insider CEO Dustin Moskovitz, CEO of Asana, said of obtaining the "unicorn" status of companies worth more than $ 15,000. $ 1 billion. "But in the end, it's only a milestone on the way that leads to something much bigger." The market opportunity that presents itself to us is gigantic. that start. "
2018 was a landmark year for the labor management software company, whose operations manager, Chris Farinacci, said, "eliminates work-related work."
Read more:The $ 900 million startup of this Facebook co-founder has a new plan to tackle big business customers
Earlier this year, Asana had raised $ 75 million from the D series and in early November announced that it had reached 50,000 payers, alongside more than one million businesses using the product for free. Asana's also said that its recurring revenue had increased for seven consecutive quarters, at a rate of 90% higher than that of the previous year.
"Now it's going mainstream"
"The biggest driver [of growth] It's this need for this category, "says Farinacci about the product Asana, a cloud-based software service that allows employees to collaborate on projects and badign tasks.
"In addition to all existing collaboration software and communication software, the teams need clarity, we started by selling to disruptive, Uber and Airbnb, etc. But now, it is becoming more widespread and globalizing."
With its latest funding injection, Asana plans to expand its international reach. Next week, the company will open an office in Australia and in the first half of 2019, an office in Japan.
The product is already used in 195 countries and is available in 6 languages. According to the company, 50% of new revenue comes from outside the United States.
Moskovitz also tells us that the company will increase the number of "asanas". Today, the San Francisco-based company has about 400 employees, but by the end of 2019, the goal of Moskovitz is to create 600 employees.
After a decade, Moskovitz is still enthusiastic
For the co-founder of Facebook, Moskovitz seems enthusiastic about the future of his company, a decade old.
"Honestly, it's more exciting than ever because the business is taking off." The category is taking off. "One way to look at our growth is that we've added more value to the world in the last 15 months compared to the past year. the whole history of society before that, "he explains.
Regarding the maintenance of Moskovitz in the society he created immediately after leaving Facebook in 2008, he tells us: "I think it's a major pressure tactic in the world, no matter what kind of problem that you think, whether it's health care, education, climate change, any number of non-profit organizations – all these missions ultimately have a team of people, and these teams have to work together. means they need quality software, like Asana. "
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