ClickUp Raises $400 Million at $4 Billion Valuation for Business Software Industry

ClickUp is an app that can replace all the tasks, documents, reminders, and conversations that are dotted in different sites, and gather them in one system. ClickUp helps its clients to create and automate tasks received from emails, plan and track the tasks, to import the work from different tools.

The funding round Series C was led by new investors Andreessen Horowitz and Tiger Global. Lightspeed Venture Partners and Meritech Capital also took part. With new fundings, the company is going to increase its presence in Europe and set a new headquarter in Ireland that will be responsible for R&D, operations and sales.

ClickUp was founded in 2017 in San Diego by Zeb Evans. After the first beta version was launched, ClickUp got the first customer. In 2019 ClickUp 2.0 was released, and in a year, June 2020 the company raised money in the Series A round. In the same year, the Series B round took place. Among the large enterprise that used the app are, McDonald’s, and Netflix. In total – 800 000 teams. The 40% of users are from Europe. “ClickUp’s sole purpose has always been to make the world more productive. Time is our most valuable resource, and we are committed to giving people more time to focus on what matters most to them,” says Zeb Evans.

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