Asana, a work management platform for teams, finalized its latest funding drive with $50 Million in Series E funding.
This latest round was lead by Generation Investment Management, along with new investors Lead Edge Captial, World Innovation Lab, and veteran investors 8VC, Benchmark Captial and Founders Fund. It’s the seventh funding round for Asana since it’s inception in 2008.
The San Francisco based startup is valued at $1.5 billion, and has raised $125 million in 2018 alone.
“We’re honored to be joined by an industry-leading group of investors who share our vision for the future of work,” said Dustin Moskovitz, Asana’s co-founder and CEO, in a statement. “As the work management imperative becomes increasingly global, we’re focused on supporting our expanding international team and customer base to meet the growing demand to democratize project management and improve team coordination.”
Asana plans to use the new funding to continue growing, with it’s priorities on enterprise scale, global expansion and product innovation
“We’re more focused than ever on our vision to enable organizations to align their missions with clarity of plan, purpose and responsibility so they can focus on the work that matters most,” said Moskovitz.